The short and long-term interdependencies between stock prices and dividends:  A panel vector error correction approach

The short and long-term interdependencies between stock prices and dividends:  A panel vector error correction approach

This paper examines the short and long-term interdependencies between stock prices and dividends. I utilize firm level data from FTSE ALL SHARE from 1990-2014 and apply panel vector error correction model estimated with Engle & Grangers (1987) two-step procedure. The results show that there...

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Bibliographic Details
Main Author: Persson, Rickard
Format: Others
Language:English
Published: Uppsala universitet, Företagsekonomiska institutionen 2015
Subjects:
Present value model
Lintners model
PVECM
Stock price
dividends
FTSE
Cointegration
London stock exchange
panel vector error correction
utdelningar
aktiepris
aktie
London börsen
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-255666

Internet

http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-255666

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