Adjusted dividend-price ratios and stock return predictability: Evidence from China
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DOI: 10.1016/j.irfa.2020.101618
Abstract: Abstract This paper examines the predictive ability of dividend-price ratios on stock returns in the Chinese A-share market. The results show that in both the in-sample and out-of-sample settings, stock returns are positively predicted by… read more here.
Keywords: dividend; ratios stock; price ratios; dividend price ... See more keywords
Non-stationary dividend-price ratios
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DOI: 10.1057/s41260-019-00143-3
Abstract: Dividend yields have been widely used in previous research to relate stock market valuations to cash flow fundamentals. However, this approach relies on the assumption that dividend yields are stationary. Due to the failure to… read more here.
Keywords: non stationary; performance; dividend; dividend price ... See more keywords