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Dividend is an unresolved puzzle in corporate finance and present study attempted to resolve this puzzle by testing the … impact of industry, firm, and firm year on dividend policy. The study applied the variance decomposition technique in order … to investigate the variance in dividend payout ratios at firm year, firm, and industry level. Study used conveniently …
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We undertake a variance decomposition of index-linked bond returns for the US, UK and Iceland. In all cases, news about future excess returns is the key driver though only for Icelandic bonds are returns independent of inflation.
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This paper examines co-movements and volatility spillovers in the returns of the euro, the British pound, the Swiss franc and the Japanese yen vis-à-vis the US dollar before and after the introduction of the euro. Based on dynamic correlations, variance decompositions, generalized VAR analysis,...
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