The digital edition of all books may be viewed on our website before purchase. Excerpt from Dividend Behavior for the Aggregate Stock Market (Classic Reprint)
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book investigates whether market prices in stock markets are too volatile to be rational and justifiable by the subsequent dividend payments. The author challenges prevailing theories in economics by presenting a liquidity-driven model that demonstrates that the volatility is justifiable in an efficient market. The author first overviews the fundamentals of stock market behaviour and dividend distribution from a historical standpoint. They then provide a detailed account of how liquidity risk can cause volatility beyond what would be expected by dividends alone. The author argues that standard models used to justify market efficiency oversimplify the dynamics of price formation and do not account for the way liquidity interacts with the cash flows from dividends. Presenting a detailed analysis of price and dividend behaviour between 1926â"1981, they show that market price is a rational predictor of future dividend payments, and that observed volatility is consistent with market efficiency. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330279526_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330279526
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781330279526
Quantité disponible : 15 disponible(s)