Search Results for: Are Dividends And Stock Returns Predictable New Evidence Using Ma Cash Flows

Aggregate dividend growth is widely thought to be unpredictable by the dividend price ratio. I show that this lack of predictability is related to the measureme

We present fresh evidence on the validity of the dividend signaling hypothesis (DSH), by using a new testing approach. We test the unambiguous prediction from t

The relative predictability of returns and dividends is a central issue since it forms the paradigm to interpret asset price variation. A little studied questio

Using a state-space model, this paper examines time-variation in the predictive regressions for stock returns, dividend growth and consumption growth. Moreover,

This paper links variation in the predictive regressions for stock returns, dividend growth and consumption growth to economic and market factors. The nature of