Dividend Innovations and Stock Price Volatility
收藏NBER1986-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w1833
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资源简介：
This paper establishes an inequality that may be used to test the null hypothesis that a stock price equals the expected present discounted value of its dividend stream, with a constant discount rate. The inequality states that if this hypothesis is true, the variance of the innovation in the stock
提供机构：
美国国家经济研究局
创建时间：
1986-02-01
