Realised Equity Returns

Name: Realised Equity Returns
Brand: VDM Verlag
SKU: 9783639300130
Price: 58.18 EUR
Availability: InStock

A Theoretical and Empirical Study

Autor: Garry Hobbes

Jazyk:

Väzba: Brožovaná

Vydavateľ: VDM Verlag

Dostupnosť: U vydavateľa na objednávku

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58.18 €

The response of the stock market to news of earnings and dividend changes is important for investors...

Informácie o knihe

Autor

Garry Hobbes

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

2010

Stránok

128

EAN

9783639300130

ISBN

3639300130

Enbook ID

06837025

Vydavateľ

VDM Verlag

Hmotnosť

200

Rozmery

229 x 152 x 8

Kompletný popis

The response of the stock market to news of earnings and dividend changes is important for investors. This monograph provides a theoretical model of realised equity returns which assumes linear forms for the dividend and earnings processes, and a discounted dividend model for price. Price is then derived as a nonlinear function of the dividends, earnings, dividend equation coefficients and earnings process coefficients. The model for realised return is tested using data for 90 U.S. firms listed on the New York Stock Exchange over a 44 year period. The results indicate changes in earnings and dividends (scaled by lagged price), the dividend policy parameters and the parameters of the earnings process are explanatory factors for equity returns. This returns model provides a theoretical foundation for investigations into realised equity returns. Thus, the analysis reveals avenues for further research into the theoretical determinants of equity returns and may be useful to academics with an interest in price determination.

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Realised Equity Returns

A Theoretical and Empirical Study

Informácie o knihe

Kompletný popis

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Zákazníci, ktorí si kúpili túto knihu, kúpili tiež