How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms
In this paper, we present empirical evidence of instability in the form of structural breaks in dividend at the firm level of the U.S. firms. We perform the Bai and Perron (2003) structural break program that estimates multiple breaks based on deterministic econometric approach. We also observe for...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2015
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/35402/1/Paper%206%20Nur%20Syawani.pdf |
| _version_ | 1796972701471997952 |
|---|---|
| author | Mazlan, Nur Syazwani Bulkley, George |
| author_facet | Mazlan, Nur Syazwani Bulkley, George |
| author_sort | Mazlan, Nur Syazwani |
| collection | UPM |
| description | In this paper, we present empirical evidence of instability in the form of structural breaks in dividend at the firm level of the U.S. firms. We perform the Bai and Perron (2003) structural break program that estimates multiple breaks based on deterministic econometric approach. We also observe for links between any specific episodes in the economic and financial history of the U.S and structural breaks detected in the dividend process of the U.S firms. |
| first_indexed | 2024-03-06T08:32:13Z |
| format | Article |
| id | upm.eprints-35402 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:32:13Z |
| publishDate | 2015 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-354022016-10-11T03:55:45Z http://psasir.upm.edu.my/id/eprint/35402/ How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms Mazlan, Nur Syazwani Bulkley, George In this paper, we present empirical evidence of instability in the form of structural breaks in dividend at the firm level of the U.S. firms. We perform the Bai and Perron (2003) structural break program that estimates multiple breaks based on deterministic econometric approach. We also observe for links between any specific episodes in the economic and financial history of the U.S and structural breaks detected in the dividend process of the U.S firms. Faculty of Economics and Management, Universiti Putra Malaysia 2015 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/35402/1/Paper%206%20Nur%20Syawani.pdf Mazlan, Nur Syazwani and Bulkley, George (2015) How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms. International Journal of Economics and Management, 9 (2). pp. 342-355. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol9no2/Paper%206%20Nur%20Syawani.pdf |
| spellingShingle | Mazlan, Nur Syazwani Bulkley, George How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title | How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title_full | How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title_fullStr | How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title_full_unstemmed | How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title_short | How stable is the underlying process of stock prices? Empirical evidence of structural breaks in the firm-level dividend of the U.S. firms |
| title_sort | how stable is the underlying process of stock prices empirical evidence of structural breaks in the firm level dividend of the u s firms |
| url | http://psasir.upm.edu.my/id/eprint/35402/1/Paper%206%20Nur%20Syawani.pdf |
| work_keys_str_mv | AT mazlannursyazwani howstableistheunderlyingprocessofstockpricesempiricalevidenceofstructuralbreaksinthefirmleveldividendoftheusfirms AT bulkleygeorge howstableistheunderlyingprocessofstockpricesempiricalevidenceofstructuralbreaksinthefirmleveldividendoftheusfirms |