The role of payout ratio in the relationship between stock returns and dividend yield
| Contribuinte(s) |
School of Management & Business Centre for Empirical Finance |
|---|---|
| Data(s) |
07/11/2008
07/11/2008
01/11/2004
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| Resumo |
ap Gwilym, Owain, McManus, Ian, and Thomas, Stephen, 'The role of payout ratio in the relationship between stock returns and dividend yield', Journal of Business Finance & Accounting (2004) 31(9-10) pp.1355-1387 RAE2008 This paper examines the relationship between returns and dividend yield in the UK stock market, and introduces earnings?related data to the asset pricing model in the form of payout ratio. The latter has a considerable effect upon the inferences which would otherwise be drawn from a study of the dividend yield?returns relationship in the absence of such earnings information. Payout ratio conveys additional signalling information and is an important adjunct to dividend yield in explaining returns. Peer reviewed |
| Formato |
33 |
| Identificador |
McManus , I , Thomas , S & ap Gwilym , O 2004 , ' The role of payout ratio in the relationship between stock returns and dividend yield ' Journal of Business Finance & Accounting , vol 31 , no. 9-10 , pp. 1355-1387 . DOI: 10.1111/j.0306-686X.2004.00577.x 1468-5957 PURE: 82499 PURE UUID: 36d046a8-7313-4f67-9ce6-0a926caff5bb dspace: 2160/911 |
| Idioma(s) |
eng |
| Relação |
Journal of Business Finance & Accounting |
| Palavras-Chave | #returns #asset pricing #payout ratio #dividend yield #earnings |
| Tipo |
/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article Article (Journal) |
| Direitos |
