Looking in the Crystal Ball: Determinants of Excess Return
This paper investigates the determinants of excess returns using dividend yields as a proxy in a cross-sectional setting. First, we find that types of industry and the current business cycle are determining factors of returns. Second, our results suggest that dividend yield serves a signaling mechan...
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| Format: | Others |
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Digital Archive @ GSU
2010
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| Online Access: | http://digitalarchive.gsu.edu/math_theses/87 http://digitalarchive.gsu.edu/cgi/viewcontent.cgi?article=1090&context=math_theses |