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monthly prices and dividends based on consistent definitions over the 132 year period 1871-2002, we investigate the complex …
Persistent link: https://www.econbiz.de/10010731517
In this paper we explore the relevance of dividends in the total equity return over longer time horizons. In addition …, we investigate the effects of different reinvestment assumptions of dividends. We use a unique set of revised and … corrected US equity data series, comprising monthly prices and dividends based on consistent definitions over the period 1871 …
Persistent link: https://www.econbiz.de/10005075762
In this paper we explore the relevance of dividends in the total equity return over longer time horizons. In addition …, we investigate the effects of different reinvestment assumptions of dividends. We use a unique set of revised and … corrected US equity data series, comprising monthly prices and dividends based on consistent definitions over the period 1871 …
Persistent link: https://www.econbiz.de/10005505033
In this paper we explore the theoretical and empirical problems of estimating average(excess) return and risk of US equities over various holding periods and sampleperiods. Our findings are relevant for performance evaluation, for estimating thehistorical equity risk premium, and for investment...
Persistent link: https://www.econbiz.de/10012754625
In this paper we explore the relevance of dividends in the total equity return over longer time horizons. In addition …, we investigate the effects of different reinvestment assumptions of dividends. We use a unique set of revised and … corrected US equity data series, comprising monthly prices and dividends based on consistent definitions over the period 1871 …
Persistent link: https://www.econbiz.de/10012755821
form of the payout: dividends, share repurchases or both. Payout is determined by free cash flow. The choice for dividends … and repurchases depends on behavioral and tax preferences. Furthermore, the payout is less likely to be dividends if the …
Persistent link: https://www.econbiz.de/10010731335
stock returns, for a market maker that establishes bid and ask prices for American call options on stocks paying dividends …
Persistent link: https://www.econbiz.de/10005264583
The present study analyzes dividends paid in unlisted family and non-family businesses, exploring factors that lead to … indicates that family businesses, as a result of the greater proximity of the family to the business, pay lower dividends …. However, we found evidence of higher dividends paid in pyramid structures, susceptible to higher agency costs, both in family …
Persistent link: https://www.econbiz.de/10014506565
I argue that paying dividends before issuing new stock can increase the stock price in the case when firms announce … paying dividends by newly-raised funds from dividend information for new stock issuances. I employ the seasoned offerings of … Taiwan listed firms as the sample, because of their practice of paying dividends once a year. The conditional event study …
Persistent link: https://www.econbiz.de/10008455293
. Finally, compared to repurchases, we find dividends are more likely to be the sole method of payout in high protection …
Persistent link: https://www.econbiz.de/10008543021