. These series include, among others, monthly dividend yields and market capitalization values. The series are also compared … with GDP to evaluate the overall role of the stock market in the Finnish economy. The value-weighted average dividend yield …

of popular equity premium and stock market time-series forecasting regressions. When applied, we find that dividend … dividends themselves and shows that an increasing persistence of dividend-price ratio is largely responsible for the inability … of dividend ratios to predict equity premia. Cochrane's (1997) accounting identity---that dividend ratios have to predict …

has experienced historical highs and the dividend yield has experienced historical lows. Nevertheless, there are important …

This paper examines the existence of moderation effect of market condition on the relationship between dividend yield …

would have been able and willing to exploit dividend price signals in order to allocate capital efficiently. We use a simple … of strategies that condition on dividend-price signals. While our data supports in-sample evidence of return … three decades: an investor who had used dividend-price ratios as signals for capital allocation in the period 1990 …

market beta, size, momentum, dividend yield and total risk on the cross-section of stock returns. Based on portfolio sorts … value effect as measured by dividend yield. The flat relation between market beta and average return may be due to leverage …

that is based on TD/(TC + LTD) as well as price to book, dividend yield and past stock performance. Interestingly, the … one of the basic principles in traditional financial theory. Price book is negatively and dividend yield is positively …

This paper investigates the relationship between demographic changes and the long-run returns of dividend …-fungible, the preference for high dividend-paying stocks by older investors means that the excess returns of high dividend … that, as consistent with the behavioural life-cycle hypothesis, the long-run returns of dividend-yield investment …