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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...

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Main Authors: Mazlan, Nur Syazwani, Bulkley, George
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
http://psasir.upm.edu.my/id/eprint/35402/
http://econ.upm.edu.my/ijem/vol9no2/Paper%206%20Nur%20Syawani.pdf
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spelling my.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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
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.
format Article
author Mazlan, Nur Syazwani
Bulkley, George
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
author_facet Mazlan, Nur Syazwani
Bulkley, George
author_sort Mazlan, Nur Syazwani
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_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_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_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
publisher Faculty of Economics and Management, Universiti Putra Malaysia
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/35402/1/Paper%206%20Nur%20Syawani.pdf
http://psasir.upm.edu.my/id/eprint/35402/
http://econ.upm.edu.my/ijem/vol9no2/Paper%206%20Nur%20Syawani.pdf
_version_ 1643831443160301568
score 13.211869

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