Now showing items 1-3 of 3

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      A factor model of seasonality in stock returns 

      Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      Most empirical evidence on stock market seasonality is based on the Dummy Variable Approach (DVA). Typically, the DVA leaves too much variability of stock returns unexplained and inference usually leads to weak or null ...
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      An Alternative View of the US Price-Dividend Ratio Dynamics 

      Londoño Yarce, Juan Miguel; Regúlez Castillo, Marta; Vázquez Pérez, Jesús (2014-12)
      As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide evidence of prices significantly drifting apart from ...
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      The Weekend-Dividend Effect in the Spanish Market 

      Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-06)
      In this paper we develop an econometric test of a corollary of the irrelevance of the dividend policy principle, namely, that the rescheduling of dividends does not affect the market valuation of the firm. In particular, ...