haku: @indexterm Divestment / yhteensä: 99
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| Tekijä: | Cole, K. Helwege, J. Laster, D. |
| Otsikko: | Stock market valuation indicators: is this time different? |
| Lehti: | Financial Analysts' Journal
1996 : MAY/JUN, VOL. 52:3, p. 56-64 |
| Asiasana: | STOCK MARKETS VALUATION DIVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | Traditional market indicators have pointed to an overvalued stock market throughout the 1990s, because the dividend yield dropped to a record low and the market-to-book ratio reached a record high. Despite the indicators, the stock market has performed well, leading market watchers to question whether these indicators behave differently now than they have in the past. This article examines the predictive power of these measures and addresses the claim that the dividend yield and market-to-book ratio are no longer valid indicators. |
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