Dividend discount model (DDM) is the simplest model for valuing equities in finance. Many analysts belived that DDM is …

Ex-dividend date stock prices have usually been found to be smaller than the amount of dividends, and this has … dividend relationship on the Istanbul Stock Exchange, which is basically tax-free. The findings provide weak evidence of less …

How non-linear are log price-dividend ratios in the fundamental state variables? We work out a novel formula for the … price-dividend ratio within a parsimonious affine model to study exactly how much non-linearity is generated by the … by fuelling the non-linearity of the log price-dividend ratio …

fully-franked dividend. This is a problem because a sample of security prices, unfranked dividends and franked dividends … necessarily leads to the simultaneous estimation of the value of a cash dividend and an imputation credit. We measure the value of …

of the classical log dividend–price ratio, we allow the data to reveal the cointegration vector between d and p. We … define the modified dividend–price ratio (mdp), as the long run trend deviation between d and p. Using S&P 500 data for the … correlation with the risk free return component, and can discern if a low dividend state coincides with a low yield state …

dividend stream is modeled as a random walk with innovations drawn from the family of stable distributions. We derive an exact …