The Evaluation of the Effectiveness of High-Dividend Strategies in the US Market
https://doi.org/10.38050/01300105201935
Abstract
During the 80s and 90s of the 20th century, economists investigated a lot of phenomena that were called market anomalies. One of strategies, based on market anomalies, was a high-dividend investment strategy. The main criterion for the selection of shares in this strategy is their high dividend yield. This paper tests the hypothesis that the anomaly associated with high dividend stocks, which was detected in the American market until the beginning of the 21st century, has ceased to exist at present, and also examines the possibility of improving the results of highly dividend strategies by modifying them.
About the Authors
A. I. Stolyarov
Национальный исследовательский университет
«Высшая школа экономики»
Russian Federation
Russian Federation
I. A. Sorokin
Национальный исследовательский университет
«Высшая школа экономики»
Russian Federation
Russian Federation
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Review
For citations:
Stolyarov A.I., Sorokin I.A. The Evaluation of the Effectiveness of High-Dividend Strategies in the US Market. Moscow University Economics Bulletin. 2019;(3):79-92. (In Russ.) https://doi.org/10.38050/01300105201935
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