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A Realistic Dividend Valuation Model
4 references·2 citing·16 second hop
A Realistic Dividend Valuation Model (1994)A Realistic Dividend Valuation ModelA One-Factor Model of Interest Rates and Its Application to Treasury Bond Options (1990)A One-Factor Model of Interes…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)DISTRIBUTION OF INCOMES OF CO…The Theory of Investment Value, by John Burr Williams (1939)The Theory of Investment Valu…Valuation by using a fuzzy discounted cash flow model (2004)Valuation by using a fuzzy di…Generalized Markov Dividend Discount Models (1998)Generalized Markov Dividend D…Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Fuzzy topology. I. Neighborhood structure of a fuzzy point and Moore-Smith convergence (1980)Valuation: Measuring and managing the value of companies (1992)Interval and fuzzy Average Internal Rate of Return for investment appraisal (2014)Numerical Procedures for Implementing Term Structure Models I: Single-Factor Models (1994)A Nonparametric Model of Term Structure Dynamics and the Market Price of Interest Rate Risk (1997)Arbitrage Theory in Continuous Time (2004)THE TAX‐ADJUSTED YIELD CURVE (1975)Bulls, bears and market sheep (1990)Comparing the Accuracy and Explainability of Dividend, Free Cash Flow, and Abnormal Earnings Equity Value Estimates (2000)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Behavior of Stock-Market Prices (1965)The Capital Structure Puzzle (1984)
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References

  • 1956DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES3,426 cited
  • 1990A One-Factor Model of Interest Rates and Its Application to Treasury Bond Options981 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1939The Theory of Investment Value, by John Burr Williams623 cited

Cited by

  • 1998Generalized Markov Dividend Discount Models37 cited
  • 2004Valuation by using a fuzzy discounted cash flow model35 cited

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