Valuation ability of dividend discount model: Test of constant growth model
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A_____%2F02%3A11800010" target="_blank" >RIV/62156489:_____/02:11800010 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Valuation ability of dividend discount model: Test of constant growth model
Original language description
The aim of this article is to test and discuss usefulness of the dividend discount model in process of finding undervalued stocks. The hypothesis is stated follows: Dividends, discount rate and growth rate of dividends are not all of variables affectingintrinsic value of stock. That is why dividend discount model is not adequate instrument to determine intrinsic value of a share of stock. Author analyses data of twenty-one randomly chosen liquid stocks traded on NYSE and tests valuation ability of dividend discount model with constant growth. Constant growth model is employed in two tests - ex-post and ex-ante.
Czech name
—
Czech description
—
Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
—
Result continuities
Project
—
Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)
Others
Publication year
2002
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
ACTA UNIVERSITATIS AGRICULTURAE ET SILVICULTURAE MENDELIANAE BRUNENSIS
ISSN
1211-8516
e-ISSN
—
Volume of the periodical
Neuveden
Issue of the periodical within the volume
6
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
12
Pages from-to
195-206
UT code for WoS article
—
EID of the result in the Scopus database
—