Munich Personal RePEc Archive

Dividend Yield and Stock Return in Different Economic Environment: Evidence from Malaysia

Safari, Meysam (2009): Dividend Yield and Stock Return in Different Economic Environment: Evidence from Malaysia.

[img]
Preview
PDF
MPRA_paper_23841.pdf

Download (114kB) | Preview

Abstract

This study investigates the relationship between dividend yields and stock returns in bull and bear markets. Evidences from developed countries show that there should be a positive correlation between dividend yields and stock return in bear markets and a negative correlation between dividend yields and stock return during the bull markets. Findings of this study, in emerging market content, show that there is a positive relation between dividend yield and stock returns in both bull and bear markets which are not consistent with previous works.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.