Distributional characteristics and proportionality of market-based security ratios
The distributional characteristics and the proportionality of two market-based security ratios, the Earnings Yield and the Dividend Yield, are tested using Finnish data. The results indicate both of the ratios to be proportional in nature. However, being positively skewed, the Dividend Yield ratio requires transformation to achieve normality. This is due to the fact that this ratio has a technical limit to zero.
Volume (Year): 3 (1990)
Issue (Month): 2 (Autumn)
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