The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns

The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns

This study uses empirical models to examine the predictive ability of dividend and earnings yields for long-term stock returns. Results show that dividend and earnings yields share a similar predictive power for future stock returns and growth. It finds that the predictive power of dividend yields i...

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Main Authors: WU, Chunchi, Wang, X.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2000
Subjects:
Business
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/797
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.lkcsb_research-17962010-09-23T06:24:04Z The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns WU, Chunchi Wang, X. This study uses empirical models to examine the predictive ability of dividend and earnings yields for long-term stock returns. Results show that dividend and earnings yields share a similar predictive power for future stock returns and growth. It finds that the predictive power of dividend yields increases with the return horizon, but that yields forecast future returns and growth over a much longer horizon. Dividend and earnings yields exhibit high autocorrelation and strong contemporaneous relations. 2000-01-01T08:00:00Z text https://ink.library.smu.edu.sg/lkcsb_research/797 info:doi/10.1111/j.1540-6288.2000.tb01416.x Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Business
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Business
spellingShingle Business
WU, Chunchi
Wang, X.
The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
description This study uses empirical models to examine the predictive ability of dividend and earnings yields for long-term stock returns. Results show that dividend and earnings yields share a similar predictive power for future stock returns and growth. It finds that the predictive power of dividend yields increases with the return horizon, but that yields forecast future returns and growth over a much longer horizon. Dividend and earnings yields exhibit high autocorrelation and strong contemporaneous relations.
format text
author WU, Chunchi
Wang, X.
author_facet WU, Chunchi
Wang, X.
author_sort WU, Chunchi
title The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
title_short The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
title_full The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
title_fullStr The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
title_full_unstemmed The Predictive Ability of Dividend and Earnings Yields for Long-Term Stocks Returns
title_sort predictive ability of dividend and earnings yields for long-term stocks returns
publisher Institutional Knowledge at Singapore Management University
publishDate 2000
url https://ink.library.smu.edu.sg/lkcsb_research/797
_version_ 1770569696805912576

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