.png){kind=icon}
返回
Dividend Predictability Around the World
.png){kind=icon}
OA
AI
DOI：10.1017/S0022109014000477.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We show that dividend-growth predictability by the dividend yield is the rule rather than the exception in global equity markets. Dividend predictability is weaker, however, in large and developed markets where dividends are smoothed more, the typical firm is large, and volatility is lower. Our findings suggest that the apparent lack of dividend predictability in the United States does not uniformly extend to other countries. Rather, cross-country patterns in dividend predictability are driven by differences in firm characteristics and the extent to which dividends are smoothed.
Keyword:
VARIANCE DECOMPOSITION
STOCK RETURNS
HETEROSKEDASTICITY
EARNINGS
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
2.8
论文数:
2.3K
被引数:
1.0W
机构
引用论文
.png){kind=icon}
分享收藏分享收藏Predicting excess stock returns out of sample: Can anything beat the historical average?预测样本外的超额股票收益: 有什么能超过历史平均水平吗？OAAI
OAAI分享收藏
查看更多内容