Can the information content of share repurchases improve the accuracy of equity premium predictions?
We adjust the dividend-price ratio for share repurchases and investigate whether predictive power can be improved when constructing forecasts of UK and French equity premia. Regulations in the two largest European stock markets allow us to employ actual repurchase data in our predictive regressions....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2014-03-03.
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| Subjects: | |
| Online Access: | Get fulltext |