Expected returns and expected dividend growth in Europe: Legal origin, institutional, and financial determinants
This paper uses a present value approach to show that price movements for equity indices in a sample of European stock markets can be traced to legal origin, institutional, and corporate financial factors. The present value literature states that stock indices move due to changes either in discount...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
John Wiley and Sons Ltd
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |