Local Trends in Price-to-Dividend Ratios-Assessment, Predictive Value, and Determinants
نویسندگان
چکیده
منابع مشابه
Price - Earnings Ratios , Dividend Yields and Real Estate Stock Prices
Executive Summary. Both dividend yields and past returns have predictive power for P/E ratios; hence they can be used as tools in forming a market timing and asset allocation strategy in stock markets. This study examines the extent to which changes in real estate returns, reflected in changes of property value and dividend yields, can have great effects on P/E ratios. The study is confined to ...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2016
ISSN: 0022-2879
DOI: 10.1111/jmcb.12370