Earnings, dividend policy, and present value relations: Building blocks of dividend policy invariant cash flows

The Cost of Capital, Corporation Finance and the Theory of Investment

1958 • 15,488 citations

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

The American Economic Review

2010 • 4,680 citations

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

Stock Prices, Earnings, and Expected Dividends

1988 • 2,383 citations

Cointegration and Tests of Present Value Models

1987 • 2,166 citations

The Valuation of Uncertain Income Streams and the Pricing of Options

1976 • 1,727 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

Stock Prices and Social Dynamics

1984 • 1,274 citations

Implications of Security Market Data for Models of Dynamic Economies

1991 • 1,158 citations

The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure

1979 • 866 citations

Stock Prices and Social Dynamics

1984 • 851 citations

The Determinants of the Variability of Stock Market Prices

1981 • 624 citations

A Simple Approach to the Valuation of Risky Streams

1978 • 602 citations

Variance Bounds Tests and Stock Price Valuation Models

1986 • 497 citations

A Specification Test for Speculative Bubbles

1987 • 475 citations

Dividend variability and variance bounds tests for the rationality of stock market prices

1983 • 456 citations

Dividend Innovations and Stock Price Volatility

1988 • 363 citations

Dividend Behavior for the Aggregate Stock Market

1987 • 316 citations

The Cost of Capital.

1969 • 248 citations

An Unbiased Reexamination of Stock Market Volatility

1985 • 202 citations

Inventories and Stochastic Demand: Equilibrium Models of the Firm and Industry

1978 • 67 citations

Empirical assessment of present value relations

1986 • 50 citations

Deleted Work

1955 • 0 citations