On the Importance of Measuring Payout Yield: Implications for Empirical Asset Pricing
收藏NBER2004-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10651
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资源简介：
Previous research showed that the dividend price ratio process changed remarkably during the 1980's and 1990's, but that the total payout ratio (dividends plus repurchases over price) changed very little. We investigate implications of this difference for asset pricing models. In particular, the
提供机构：
美国国家经济研究局
创建时间：
2004-07-01
