In this study we investigate the relation between dividend changes and future profitability. We find that dividend changes are positively associated with future profitability after controlling for (i) past profitability, (ii) the effect of invested equity capital on past, current and future...

This paper reviews research that uses big data and/or machine learning methods to provide insight relevant for equity valuation. Given the huge volume of research in this area, the review focuses on studies that either use or inform on accounting variables. The article concludes by providing...