Matches in SemOpenAlex for { <https://semopenalex.org/work/W2169911372> ?p ?o ?g. }
- W2169911372 endingPage "86" @default.
- W2169911372 startingPage "51" @default.
- W2169911372 abstract "The Present Value Model (PVM) – in which current security prices depend upon the present value of future discounted dividends, where the discount rate is equivalent to the required rate of return – is one of the long-standing principles of Finance Theory. The objective of this work is to analyze the validity of the PVM between prices and dividends at the firm level from panel techniques applied to non-stationary and potentially cointegrated processes for the Brazilian stock market. Considering the Present Value Model with Constant and Time-Varying Expected Returns, the evidence that real (log) prices and real (log) dividends are non-stationary I(1) and (log) price-dividend ratio is I(0) cannot be rejected. Regarding FMOLS and DOLS estimators for panel cointegration models, stock prices are found to be overvalued under either constant or time-varying expected returns assumption." @default.
- W2169911372 created "2016-06-24" @default.
- W2169911372 creator A5031136742 @default.
- W2169911372 creator A5039530926 @default.
- W2169911372 creator A5075681407 @default.
- W2169911372 creator A5078533015 @default.
- W2169911372 date "2012-12-30" @default.
- W2169911372 modified "2023-09-25" @default.
- W2169911372 title "Present value model between prices and dividends with constant and time-varying expected returns: enterprise-level Brazilian stock market evidence from non-stationary panels" @default.
- W2169911372 cites W1523382408 @default.
- W2169911372 cites W1539860402 @default.
- W2169911372 cites W1540173215 @default.
- W2169911372 cites W1556316478 @default.
- W2169911372 cites W1562652581 @default.
- W2169911372 cites W1574366603 @default.
- W2169911372 cites W1580342459 @default.
- W2169911372 cites W1966412719 @default.
- W2169911372 cites W1969230115 @default.
- W2169911372 cites W1969592867 @default.
- W2169911372 cites W1974283005 @default.
- W2169911372 cites W1975452073 @default.
- W2169911372 cites W1976386631 @default.
- W2169911372 cites W1978775682 @default.
- W2169911372 cites W1993444702 @default.
- W2169911372 cites W1996831653 @default.
- W2169911372 cites W1999431342 @default.
- W2169911372 cites W2005013362 @default.
- W2169911372 cites W2005350117 @default.
- W2169911372 cites W2006539866 @default.
- W2169911372 cites W2011696830 @default.
- W2169911372 cites W2018262488 @default.
- W2169911372 cites W2021615473 @default.
- W2169911372 cites W2034325507 @default.
- W2169911372 cites W2038621549 @default.
- W2169911372 cites W2044796989 @default.
- W2169911372 cites W2053618259 @default.
- W2169911372 cites W2063432037 @default.
- W2169911372 cites W2074231424 @default.
- W2169911372 cites W2090155849 @default.
- W2169911372 cites W2117513178 @default.
- W2169911372 cites W2124884000 @default.
- W2169911372 cites W2125331782 @default.
- W2169911372 cites W2125976648 @default.
- W2169911372 cites W2138628945 @default.
- W2169911372 cites W2161007982 @default.
- W2169911372 cites W2168286034 @default.
- W2169911372 cites W2431602434 @default.
- W2169911372 cites W2891816493 @default.
- W2169911372 cites W3122475708 @default.
- W2169911372 cites W3122712023 @default.
- W2169911372 cites W3123403882 @default.
- W2169911372 cites W3124036933 @default.
- W2169911372 cites W3124269969 @default.
- W2169911372 cites W3124336741 @default.
- W2169911372 cites W3124909920 @default.
- W2169911372 cites W3124986104 @default.
- W2169911372 cites W3125017137 @default.
- W2169911372 cites W3125328161 @default.
- W2169911372 cites W3125400956 @default.
- W2169911372 cites W3125594770 @default.
- W2169911372 cites W3141949298 @default.
- W2169911372 doi "https://doi.org/10.15728/bbr.2012.9.4.3" @default.
- W2169911372 hasPublicationYear "2012" @default.
- W2169911372 type Work @default.
- W2169911372 sameAs 2169911372 @default.
- W2169911372 citedByCount "0" @default.
- W2169911372 crossrefType "journal-article" @default.
- W2169911372 hasAuthorship W2169911372A5031136742 @default.
- W2169911372 hasAuthorship W2169911372A5039530926 @default.
- W2169911372 hasAuthorship W2169911372A5075681407 @default.
- W2169911372 hasAuthorship W2169911372A5078533015 @default.
- W2169911372 hasBestOaLocation W21699113721 @default.
- W2169911372 hasConcept C10138342 @default.
- W2169911372 hasConcept C105795698 @default.
- W2169911372 hasConcept C106159729 @default.
- W2169911372 hasConcept C116168712 @default.
- W2169911372 hasConcept C127413603 @default.
- W2169911372 hasConcept C145162277 @default.
- W2169911372 hasConcept C149782125 @default.
- W2169911372 hasConcept C151730666 @default.
- W2169911372 hasConcept C162324750 @default.
- W2169911372 hasConcept C185429906 @default.
- W2169911372 hasConcept C199360897 @default.
- W2169911372 hasConcept C204036174 @default.
- W2169911372 hasConcept C2776291640 @default.
- W2169911372 hasConcept C2777027219 @default.
- W2169911372 hasConcept C2780299701 @default.
- W2169911372 hasConcept C2780762169 @default.
- W2169911372 hasConcept C33923547 @default.
- W2169911372 hasConcept C41008148 @default.
- W2169911372 hasConcept C6927289 @default.
- W2169911372 hasConcept C78519656 @default.
- W2169911372 hasConcept C86803240 @default.
- W2169911372 hasConceptScore W2169911372C10138342 @default.
- W2169911372 hasConceptScore W2169911372C105795698 @default.
- W2169911372 hasConceptScore W2169911372C106159729 @default.
- W2169911372 hasConceptScore W2169911372C116168712 @default.
- W2169911372 hasConceptScore W2169911372C127413603 @default.