High Dividend Yield Does Predict Lower Dividend Growth: A Natural Experiment

Author(s):  
Kevin Chiang
2013 ◽  
Author(s):  
Panagiotis Asimakopoulos ◽  
Stylianos Asimakopoulos ◽  
Nikolaos Kourogenis ◽  
Emmanuel D. Tsiritakis

2014 ◽  
Vol 49 (5-6) ◽  
pp. 1255-1277 ◽  
Author(s):  
Jesper Rangvid ◽  
Maik Schmeling ◽  
Andreas Schrimpf

AbstractWe show that dividend-growth predictability by the dividend yield is the rule rather than the exception in global equity markets. Dividend predictability is weaker, however, in large and developed markets where dividends are smoothed more, the typical firm is large, and volatility is lower. Our findings suggest that the apparent lack of dividend predictability in the United States does not uniformly extend to other countries. Rather, cross-country patterns in dividend predictability are driven by differences in firm characteristics and the extent to which dividends are smoothed.


Author(s):  
William Viney

Stephen Jay Gould, the biologist and author, once joked that were he an identical twin raised separately from his brother they could ‘hire ourselves out to a host of social scientists and practically name our fee’. In order to monetise Gould’s fantasy, one would want a form of twinship that could operate according to evidential, experimental, somatic and circumstantial ideals. And Gould admits that he and his brother would need to be viewed as ‘the only really adequate natural experiment for separating genetic from environmental effects in humans’. This chapter seeks to interrogate the evidential and experimental circumstances that may underpin the comic quips that guide modern biology. In human genetics, twins are used as experimental bodies that are made to matter in particular ways and for particular people; they become newly ‘animate’ for being enrolled into scientific research. Raised in cultures assumed to be alike or dissimilar, isolated by researchers for being valuable in the measured disentanglement of assembled molecular agents (which are sometimes distinguished from an assemblage referred to as an ‘environment’), twins achieve a status of experimental significance not just for what they do but also for what they are taken to be.


CFA Digest ◽  
2017 ◽  
Vol 47 (1) ◽  
Author(s):  
Sandra Krueger
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document