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

• Main Authors: WU, Chunchi, Wang, X.
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2000
• 主題: Business
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/797

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...