We investigate whether dividend policy, as observed in the payout ratio of the US equity
market portfolio, forecasts future aggregate earnings growth. The historical evidence …

From the 19th century through the mid-20th century, the dividend yield (dividends/price) and
earnings yield (earnings/price) on stocks generally exceeded the yield on long-term US …

Purpose Over the last few years, the European Central Bank (ECB) has adopted
unconventional monetary policies. These measures aim to boost economic growth and …

Based on the fundamental equations of equity valuation, we derive here the relationship
between the equity risk premium, duration and dividend yield. Aside from providing a logical …

Many market observers point to the very high fraction of earnings retained (or low dividend
payout ratio) among companies today as a sign that future earnings growth will be well …

Using the correction to your advantage. As one example, consider the brilliance and the guts
displayed in The Big Short in which certain hedge-fund managers: a) recognized the bubble …

Market events of the past ten years have sparked an interest in tactical asset allocation. In
the current study we develop and test a model that incorporates currently available …

The relationship between changes in money supply and changes in share prices : the semi-strong
form efficiency of the Johannesb Page 1 S.Afr .J .Bus.Manage.1995 26( I) 19 The rela~ionship …

Most things in life are uncertain. Rates of return on investments are no exception, although
one may expect the outcomes from low-risk investments to be less uncertain than those from …

The purpose of this dissertation is to determine whether size and book value to market value
(BV/MV) effects dominate the property effects in the return generating process for Listed …