Advanced search
Publication Cover
Financial Analysts Journal Volume 63, 2007 - Issue 5
Submit an article Journal homepage
100
Views
2
CrossRef citations to date
0
Altmetric
Equity Investments

The Adjusted Earnings Yield

Stephen E. Wilcox Stephen E. Wilcox, CFA, is a professor and chair of the Department of Finance at Minnesota State University, Mankato.
, CFA
Pages 54-68 | Published online: 02 Jan 2019

References

  • Arnott, R., and P. Bernstein. 2002. “What Risk Premium Is ‘Normal’?” Financial Analysts Journal, vol. 58, no. 2 (March/April): 64–85.
  • Arnott, R., and R. Ryan. 2001. “The Death of the Risk Premium: Consequences of the 1990s.” Journal of Portfolio Management, vol. 27, no. 3 (Spring): 61–74.
  • Asness, C.. 2003. “Fight the Fed Model.” Journal of Portfolio Management, vol. 30, no. 4 (Fall): 11–24.
  • Asness, C.. 2005. “Rubble Logic: What Did We Learn from the Great Stock Market Bubble?” Financial Analysts Journal, vol. 61, no. 6 (November/December): 36–54.
  • Campbell, J., and R. Shiller. 1988. “The Dividend–Price Ratio and Expectations of Future Dividends and Discount Factors.” Review of Financial Studies, vol. 1, no. 3 (Autumn): 195–228.
  • Campbell, J., and R. Shiller. 1998. “Valuation Ratios and the Long-Run Stock Market Outlook.” Journal of Portfolio Management, vol. 24, no. 2 (Winter): 11–26.
  • Campbell, J., and R. Shiller. 2005. “Valuation Ratios and the Long-Run Stock Market Outlook: An Update.” Behavioral Finance II Edited by R. Thaler.New York: Russell Sage Foundation.
  • Campbell, J., and T. Vuolteenaho. 2004. “Inflation Illusion and Stock Prices.” American Economic Review, vol. 94, no. 2 (May): 19–23.
  • Damodaran, A.. 2006. Damodaran on Valuation 2nd edition.Hoboken, NJ: John Wiley & Sons.
  • Desai, M.. 2003. “The Divergence between Book and Tax Income.” Tax Policy and the Economy Vol. 17. Edited by J. Poterba.Cambridge, MA: MIT Press.
  • Diermeier, J., R. Ibbotson, and L. Siegel. 1984. “The Supply for Capital Market Returns.” Financial Analysts Journal, vol. 40, no. 2 (March/April): 74–80.
  • Fama, E., and K. French. 1988. “Dividend Yields and Expected Stock Returns.” Journal of Financial Economics, vol. 22, no. 1 (October): 3–25.
  • Fama, E., and K. French. 2002. “The Equity Premium.” Journal of Finance, vol. 57, no. 2 (April): 637–659.
  • Fisher, I.. 1930. The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest It. New York: Macmillan Company.
  • Goetzmann, W., and P. Jorion. 1993. “Testing the Predictive Power of Dividend Yields.” Journal of Finance, vol. 47, no. 2 (June): 663–679.
  • Gordon, M.. 1962. The Investment, Financing, and Valuation of the Corporation. Homewood, IL: Irwin.
  • Graham, B., and D. Dodd. 1934. Securities Analysis. New York: McGraw-Hill.
  • Green, T., and N. Jegadeesh. 2006. “Trade-Off, Timing, and Capital Structure.” Working paper, Emory University.
  • Ibbotson, R., and P. Chen. 2003. “Long-Run Stock Returns: Participating in the Real Economy.” Financial Analysts Journal, vol. 59, no. 1 (January/February): 88–98.
  • Mauboussin, M.. 2006. “Clear Thinking about Share Repurchases.” Mauboussin on Strategy Legg Mason Capital Management: http://www.leggmason.com/funds/knowledge/mauboussin/Mauboussin_on_Strategy_011006.pdf.
  • Modigliani, F., and R. Cohn. 1979. “Inflation, Rational Valuation and the Market.” Financial Analysts Journal, vol. 35, no. 2 (March/April): 24–44.
  • Ritter, J., and R. Warr. 2002. “The Decline of Inflation and the Bull Market of 1982–1999.” Journal of Financial and Quantitative Analysis, vol. 37, no. 1 (March): 29–61.
  • Shiller, R.. 2005. Irrational Exuberance 2nd edition.Princeton, NJ: Princeton University Press.
  • Siegel, J.. 2002. Stocks for the Long Run 3rd edition.New York: McGraw-Hill.
  • Siegel, J.. 2005. “Perspectives on the Equity Risk Premium.” Financial Analysts Journal, vol. 61, no. 6 (November/December): 61–71.
  • Smithers, A., and S. Wright. 2000. Valuing Wall Street. New York: McGraw-Hill.
  • Torous, W., R. Valkanov, and S. Yan. 2005. “On Predicting Stock Returns with Nearly Integrated Explanatory Variables.” Journal of Business, vol. 77, no. 4 (October): 937–966.
  • Wolf, M.. 2000. “Stock Returns and Dividend Yields Revisited: A New Way to Look at an Old Problem.” Journal of Business & Economic Statistics, vol. 80, no. 1 (January): 18–30.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.