.png){kind=icon}
返回
Dividends, earnings, and predictability
.png){kind=icon}
PRE
AI
DOI：10.1016/j.jbankfin.2017.02.008.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We show that the dividend yield and earnings yield jointly are strong predictors of dividend growth. We motivate the joint specification with a theoretical model and show how omitting the earnings yield biases the dividend yield coefficient towards zero, explaining why the dividend yield by itself is a poor predictor of dividend growth. Our empirical results are robust in pre- and post-war U.S. data, in recessions and expansions, in international data, and when controlling for additional predictors. (C) 2017 Elsevier B.V. All rights reserved.
Keyword:
Dividend yield
Earnings yield
Dividend growth predictability
Omitted variable bias
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
J
IF:
3.8
论文数:
6.4K
被引数:
2.4W
机构
引用论文
.png){kind=icon}
分享收藏
查看更多内容