Dividend guidance to manage analyst dividend expectations

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Growth Expectations, Dividend Yields, and Future Stock Returns

According to the present value model, the long-run expected return on stocks, stock yield, is the dividend yield on stocks plus a weighted average of expected future growth rates in dividends. We construct a measure of the expected stock yield using the realized dividend yield and a weighted average growth rate proxy from sell-side analysts near-term earnings forecasts. During 1977-2012, this s...

متن کامل

Seizing the Demographic Dividend

One of the reasons for tightly regulating apprenticeships was to prevent companies from hiring cheap labour under the guise of an apprenticeship programme. A simpler set of provisions to streamline regulation and incentivize corporates while protecting the interest and well-being of apprentices may now be needed. How can it be made to work? The rules and regulations overseeing apprenticeships n...

متن کامل

Analysts ’ Dividend Forecasts

The most relevant practical impediment to an application of the Markowitz portfolio selection approach is the problem of estimating return moments, in particular return expectations. We analyze the consequences of using return estimates implied by analysts’ dividend forecasts under the explicit notion of taxes and non-flat term structures of interest rates and achieve quite good performance res...

متن کامل

Dividend Smoothing and Predictability

The relative predictability of returns and dividends is a central issue because it forms the paradigm to interpret asset price variation. A little studied question is how dividend smoothing, as a choice of corporate policy, affects predictability. We show that even if dividends are supposed to be predictable without smoothing, dividend smoothing can bury this predictability. Because aggregate d...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Review of Financial Analysis

سال: 2018

ISSN: 1057-5219

DOI: 10.1016/j.irfa.2018.08.013