(log) dividends are non-stationary I(1) and (log) price-dividend ratio is I(0) cannot be rejected. Regarding FMOLS and DOLS … dividends, where the discount rate is equivalent to the required rate of return – is one of the long-standing principles of … Finance Theory. The objective of this work is to analyze the validity of the PVM between prices and dividends at the firm …

This paper examines the impacts of dividend policy and ownership structure on stock price volatility in the Vietnamese … market. The study also tests for the moderating effect of foreign/state ownership on the dividend policy–price volatility … robust results indicate that dividend yield mitigates stock price volatility in the emerging market of Vietnam. The price …

returns and expected dividend growth to movements in the price-dividend ratio. We show that both models involve serious … the corrected inferences indicate that the aggregate data of dividends and returns alone do not provide strong enough …

The main goal of this paper is the empirical examination of the Polish stock market reactions to dividend announcements … and dividend payouts made by the companies listed on the Warsaw Stock Exchange (WSE). The research sample comprises 56 … companies (WIG index constituents) that announced dividend payments and completed the payout during 2013. In the analysis, event …