Risk aversion and stock price sensitivity to dividends.

The possibility that real dividends may contain enough information to explain observed stock price variability when they are used to evaluate the intertemporal marginal rate of substitution (IMRS) between present and future real per capita consumption is examined. U.S. data from 1889 to 1994 on the...

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Publicado en:	American Economic Review Vol. 87; pp. 738 - 746
Autores principales:	Hagiwara, May, Herce, Miguel A.
Formato:	Artículo
Publicado:	American Economic Association September 1997
Materias:	Stock prices Mathematical models Capital assets pricing model Risk Dividends Mathematical finance Substitution (Economics)
Acceso en línea:	Ver este registro en EBSCOhost