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the Adjusted earnings yield
The earnings yield, determined by the ratio of reported earnings to price, is frequently used to predict real return. Complications characterize the predictions, however, because reported earnings are not real. This research identifies an adjusted earnings yield that ensures that real return can be determined as a ratio of current-period prices. From freely accessible and publicly disseminated data, an adjusted-earnings-yield series is created for the U.S. equity market. Statistical tests indicate that this measure is a much better predictor of future real returns than are other popular valuation measures.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| FAJ6305 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Virginia: CFA Institute 2007 |
|---|---|
| Edisi | Vol. 63, No. 5, Sep. - Oct., 2007 |
| Subjek | adjusted earnings yield Dividend Discount Model (DDM) current-cost accounting Capital Consumption Adjustment (CCAdj) Inventory Valuation Adjustment (IVA) predictive regression CRSP Value-Weighted Index nonfinancial corporations survey of professional forecasters |
| ISBN/ISSN | 0015198X |
| Klasifikasi | NONE |
| Deskripsi Fisik | 15 p. |
| Info Detail Spesifik | Financial Analysts Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |