International evidence on the payout ratio, earnings, dividends and returns

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dc.contributor.author Suddason, Karina
dc.contributor.author Thomas, Stephen
dc.contributor.author ap Gwilym, Owain
dc.contributor.author Seaton, James
dc.date.accessioned 2008-11-07T12:22:28Z
dc.date.available 2008-11-07T12:22:28Z
dc.date.issued 2006
dc.identifier.citation Suddason , K , Thomas , S , ap Gwilym , O & Seaton , J 2006 , ' International evidence on the payout ratio, earnings, dividends and returns ' Financial Analysts Journal , vol 62 , no. 1 , pp. 36-53 . , 10.2469/faj.v62.n1.4057 en
dc.identifier.issn 0015-198X
dc.identifier.other PURE: 82580
dc.identifier.other dspace: 2160/925
dc.identifier.uri http://hdl.handle.net/2160/925
dc.identifier.uri http://www.cfapubs.org/doi/abs/10.2469/faj.v62.n1.4057 en
dc.description ap Gwilym, Owain, et al., 'International evidence on the payout ratio, earnings, dividends and returns', Financial Analysts Journal (2006) 62(1) pp.36-53 RAE2008 en
dc.description.abstract Recent evidence for the U.S. market has shown that, contrary to popular wisdom, the greater the proportion of earnings paid out as dividends, the greater the subsequent real earnings growth. This study extends previous work by examining whether a similar relationship exists in 11 international markets and by considering the role the payout ratio plays in explaining future real dividend growth and returns. Higher payout ratios do indeed lead to higher real earnings growth—but not to higher real dividend growth. This information has limited use, however, for predicting future returns. en
dc.format.extent 18 en
dc.language.iso eng
dc.relation.ispartof Financial Analysts Journal en
dc.title International evidence on the payout ratio, earnings, dividends and returns en
dc.type Text en
dc.type.publicationtype Article (Journal) en
dc.identifier.doi http://dx.doi.org/10.2469/faj.v62.n1.4057
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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