Citation
Mazlan, Nur Syazwani and Bulkley, George
(2015)
How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms.
International Journal of Economics and Management, 9 (2).
pp. 342-355.
ISSN 1823-836X
Abstract
In this paper, we present empirical evidence of instability in the form of structural breaks in dividend at the firm level of the U.S. firms. We perform the Bai and Perron (2003) structural break program that estimates multiple breaks based on deterministic econometric approach. We also observe for links between any specific episodes in the economic and financial history of the U.S and structural breaks detected in the dividend process of the U.S firms.
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Official URL or Download Paper: http://econ.upm.edu.my/ijem/vol9no2/Paper%206%20Nu...
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Faculty of Economics and Management, Universiti Putra Malaysia |
| Keywords: | Structural breaks; Firm level; Dividend |
| Depositing User: | Nurul Ainie Mokhtar |
| Date Deposited: | 11 Oct 2016 02:56 |
| Last Modified: | 11 Oct 2016 03:55 |
| URI: | http://psasir.upm.edu.my/id/eprint/35402 |
| Statistic Details: | View Download Statistic |
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