| Autor: |
Sara Bayoud, Khadija Oubal, Nabil Sifouh |
| Rok vydání: |
2022 |
| Předmět: |
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| Zdroj: |
European Journal of Marketing and Economics. 5:24-34 |
| ISSN: |
2601-8667 |
| DOI: |
10.26417/ejme.v1i1.p84-91 |
| Popis: |
The purpose of this paper is to highlight the long-term relationship between stock prices and dividends for a sample of companies listed on the Casablanca Stock Exchange between 2002 and 2016 using the cointegration theory especially its developments in panel data. Our results show that prices are more volatile than dividends, which rejects the possibility of their anticipation by the dividend discount model under the assumption of efficient markets. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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