Dividend Yields and Stock Returns: A Test for Tax Effects
收藏NBER1981-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0649
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This paper examines the empirical relation between stock returns and dividend yields. Several equilibrium pricing models incorporating differential taxation of dividends and capital gains are nested as systems of time series regressions. Estimates of these models and tests of parameter restrictions
本文考察股票收益率与股息率之间的经验关系。若干纳入股息与资本利得差异化税收设定的均衡定价模型，可被嵌套为时间序列回归方程组。针对上述模型的参数估计以及参数约束检验
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美国国家经济研究局创建时间：
1981-03-01
