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

• 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
• Institution: Singapore Management University

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...