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Financial Analysts Journal Volume 73, 2017 - Issue 3
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Portfolio Management

The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economy

Philip U. Straehl Philip U. Straehl is head of capital markets and asset allocation at Morningstar Investment Management LLC, Chicago.
&
Roger G. Ibbotson Roger G. Ibbotson is Professor in the Practice Emeritus of Finance at the Yale School of Management, New Haven, Connecticut, and chairman and chief investment officer at Zebra Capital Management LLC, Milford, Connecticut.
Pages 32-52 | Published online: 26 Dec 2018

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Foued Hamouda. (2021) Identifying economic shocks with stock repurchase programs. Cogent Economics & Finance 9:1.
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Jean-François L’Her, Tarek Masmoudi & Ram Karthik Krishnamoorthy. (2018) Net Buybacks and the Seven Dwarfs. Financial Analysts Journal 74:4, pages 57-85.
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Articles from other publishers (11)

Juan A. Forsyth & Samuel Mongrut. (2022) Does duration of competitive advantage drive long-term returns in the stock market?. Revista Contabilidade & Finanças 33:89, pages 329-342.
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Alexandros Bougias, Athanasios Episcopos & George N. Leledakis. (2022) The role of asset payouts in the estimation of default barriers. International Review of Financial Analysis 81, pages 102091.
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Nusret Cakici, Adam Zaremba, Robert J. Bianchi & Nga Pham. (2021) False discoveries in the anomaly research: New insights from the Stock Exchange of Melbourne (1927–1987). Pacific-Basin Finance Journal 70, pages 101675.
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Valeriy Zakamulin & John A. Hunnes. (2021) Stock earnings and bond yields in the US 1871–2017: The story of a changing relationship. The Quarterly Review of Economics and Finance 79, pages 182-197.
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Ronald Doeswijk, Trevin Lam & Laurens Swinkels. (2020) Historical Returns of the Market Portfolio. The Review of Asset Pricing Studies 10:3, pages 521-567.
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Lovemore Nyere & Nicolene Wesson. (2019) Factors influencing dividend payout decisions: Evidence from South Africa. South African Journal of Business Management 50:1.
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Alexandros Bougias, Athanasios Episcopos & George N. Leledakis. (2021) The Role of Asset Payouts in the Estimation of Default Barriers. SSRN Electronic Journal.
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Jeffery V. Bailey, Thomas M. Richards, Frank J. Fabozzi, Sergio M. Focardi, Caroline Jonas, Laurence B. Siegel, Robert C. Pozen, Suresh Nallareddy, Shivaram Rajgopal, John E. Grable, Douglas W. Arner, Janos Nathan Barberis, Ross P. Buckley, Greg B Davies, Angel Wu & Clarke Pitts. (2018) Research Foundation Review 2017. SSRN Electronic Journal.
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Alexander Willem Michael Rietveld. (2018) A Simple, Accurate Method for Long-Term Equity Market Return Prediction. SSRN Electronic Journal.
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Valeriy Zakamulin & Arngrim Hunnes. (2018) Stock Earnings and Bond Yields in the US 1871 - 2016: The Story of a Changing Relationship. SSRN Electronic Journal.
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Bradford Cornell. (2017) Passive Investing and Market Efficiency. SSRN Electronic Journal.
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