The role of payout ratio in the relationship between stock returns and dividend yield

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dc.contributor.author McManus, Ian
dc.contributor.author Thomas, Stephen
dc.contributor.author ap Gwilym, Owain
dc.date.accessioned 2008-11-07T10:38:13Z
dc.date.available 2008-11-07T10:38:13Z
dc.date.issued 2004-11
dc.identifier.citation McManus , I , Thomas , S & ap Gwilym , O 2004 , ' The role of payout ratio in the relationship between stock returns and dividend yield ' Journal of Business Finance & Accounting , vol 31 , no. 9-10 , pp. 1355-1387 . en
dc.identifier.issn 1468-5957
dc.identifier.other PURE: 82499
dc.identifier.other dspace: 2160/911
dc.identifier.uri http://hdl.handle.net/2160/911
dc.description ap Gwilym, Owain, McManus, Ian, and Thomas, Stephen, 'The role of payout ratio in the relationship between stock returns and dividend yield', Journal of Business Finance & Accounting (2004) 31(9-10) pp.1355-1387 RAE2008 en
dc.description.abstract This paper examines the relationship between returns and dividend yield in the UK stock market, and introduces earnings‐related data to the asset pricing model in the form of payout ratio. The latter has a considerable effect upon the inferences which would otherwise be drawn from a study of the dividend yield‐returns relationship in the absence of such earnings information. Payout ratio conveys additional signalling information and is an important adjunct to dividend yield in explaining returns. en
dc.format.extent 33 en
dc.language.iso eng
dc.relation.ispartof Journal of Business Finance & Accounting en
dc.subject returns en
dc.subject asset pricing en
dc.subject payout ratio en
dc.subject dividend yield en
dc.subject earnings en
dc.title The role of payout ratio in the relationship between stock returns and dividend yield en
dc.type Text en
dc.type.publicationtype Article (Journal) en
dc.identifier.doi http://dx.doi.org/10.1111/j.0306-686X.2004.00577.x
dc.contributor.institution School of Management & Business en
dc.contributor.institution Centre for Empirical Finance en
dc.description.status Peer reviewed en


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