Vis enkel innførsel

dc.contributor.authorGarrett, Ian
dc.contributor.authorPriestley, Richard
dc.date.accessioned2013-02-22T09:56:37Z
dc.date.available2013-02-22T09:56:37Z
dc.date.issued2012
dc.identifier.issn1756-6916 (e-utg)
dc.identifier.urihttp://hdl.handle.net/11250/93848
dc.descriptionThis is the authors’ accepted and refereed manuscript to the article. Publishers web site http://journals.cambridge.org/no_NO
dc.description.abstractUsing a new variable based on a model of dividend smoothing, we find that dividend growth is highly predictable and that cash flow news contributes importantly to return variability. Cash flow betas derived from this predictability are central to explaining the size effect in the cross section of returns. However, they do not explain the value effect; this is explained by noise betas. We also find that the relative importance of cash flow news in explaining recent stock price run-ups and subsequent declines increases when cash flow news is estimated directly.no_NO
dc.language.isoengno_NO
dc.publisherCambridge University Pressno_NO
dc.titleDividend growth, cash flow, and discount rate newsno_NO
dc.typeJournal articleno_NO
dc.typePeer reviewedno_NO
dc.source.pagenumber1003-1028no_NO
dc.source.volume47no_NO
dc.source.journalJournal of Financial and Quantitative Analysisno_NO
dc.source.issue5no_NO
dc.identifier.doihttp://dx.doi.org/10.1017/S0022109012000427


Tilhørende fil(er)

Thumbnail

Denne innførselen finnes i følgende samling(er)

Vis enkel innførsel