research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … use of DDM valuation models at MSE, to determine causes for differences between the intrinsic values and the stock market … prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM …

This paper looks at the evolution of U.S. stock prices from the time of the Presidential elections to the end of 2017 …. It concludes that a bit more than half of the increase in the aggregate U.S. stock prices from the presidential election … to the end of 2017 can be attributed to higher actual and expected dividends. A general improvement in economic activity …

prices and the log dividends. However, the empirical results also show that the cointegrating relationship has changed over …According to several empirical studies, the Present Value model fails to explain the behaviour of stock prices in the … structural changes would provide a better empirical description of the Present Value model of U.S. stock prices. The methodology …

Prominent financial stock pricing models are built on assumption that asset returns follow a normal (Gaussian … Macedonian Stock Exchange (MSE). Obtaining information about the shape of distribution is an important step for models of pricing …

assets. Our results indicate that none of the models is able to consistently explain the cross-section of returns. They also …