Economics at your fingertips  

Variance matters (in stochastic dividend discount models)

Arianna Agosto and Enrico Moretto ()

Papers from

Abstract: Stochastic dividend discount models (Hurley and Johnson, 1994 and 1998, Yao, 1997) present expressions for the expected value of stock prices when future dividends evolve according to some random scheme. In this paper we try to offer a more precise view on this issue proposing a closed-form formula for the variance of stock prices.

Date: 2013-11
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link) Latest version (application/pdf)

Related works:
Journal Article: Variance matters (in stochastic dividend discount models) (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Papers from
Bibliographic data for series maintained by arXiv administrators ().

Page updated 2022-06-20
Handle: RePEc:arx:papers:1311.0236