We analyse the relationship between corporate dividend policy and firm lifecycle in a low-disclosure regime, where … domestic firms have an incentive to use dividends to build capital market reputation among external investors. We use a range … of lifecycle indicators from the extant literature and find that, as predicted by the lifecycle model, dividend payouts …

-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend-price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio … predictability ; dividend-price ratio ; payout policy ; sample selection ; choice of organizational structure …

-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend–price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio …

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 …

should better forecast stock index returns. We propose a dividend model that predicts, out-of-sample, 31.3% of the variation … in annual dividend growth rates (1976-2015). Further, when learning about dividend dynamics is incorporated into a long …

This study examines the impact of the ex-day of stock dividend on stock return and volume on Borsa Istanbul stock … return and volume is seen around the ex-day of stock dividend. The cumulative average excess return over market return starts … following. Our findings show that abnormal return around ex-day is strongly associated with stock dividend pay-out ratio, asset …