Expected Returns and Expected Dividend Growth
收藏NBER2003-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9605
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资源简介：
We investigate a consumption-based present value relation that is a function of future dividend growth. Using data on aggregate consumption and measures of the dividend payments from aggregate wealth, we show that changing forecasts of dividend growth make an important contribution to fluctuations
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美国国家经济研究局创建时间：
2003-04-01
