The conventional wisdom is that the aggregate stock price is predictable by the lagged pricedividend ratio, and that aggregate dividends follow approximately a random-walk. Contrary to this belief, this paper finds that ...

This study analyzes the behavior of stock prices around the ex-dividend date focusing on the effects of a major tax reduction. Using the 40 most heavily traded shares on the Santiago Stock Exchange, the study evaluates ...

This paper checks for the predictability of stocks negotiated in Sao Paulo Stock Exchange index from aggregate dividend yield. It examined a multiple regression of the excess return (Risk Premium) and return in relation ...

Este trabalho busca avaliar o nível de previsibilidade dos dividendos na América do Sul, mais especificamente nos mercados de Argentina, Brasil e Chile. Estudos indicam um viés existente no modelo ingênuo utilizado para ...

This research had the objective to examine what is the influence of tributary legislation changes in Brazilian companies dividends politics, testing Fiscal Preference Theory influence on dividends politics of companies ...

This research had the objective to examine what is the influence of tributary legislation changes in Brazilian companies dividends politics, testing Fiscal Preference Theory influence on dividends politics of companies ...