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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/25031
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dc.contributor.authorMcMillan, Daviden_UK
dc.date.accessioned2017-02-28T00:32:00Z-
dc.date.available2017-02-28T00:32:00Zen_UK
dc.date.issued2006-06en_UK
dc.identifier.urihttp://hdl.handle.net/1893/25031-
dc.description.abstractRecent share price dynamics has led to much debate within academic and practitioner circles. Researchers have typically argued that either a bubble component exists within prices, or that the price–dividend relationship exhibits persistence. This note shows that an empirical model designed to capture limits to arbitrage can explain the movement in prices over the recent past.en_UK
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.relationMcMillan D (2006) The price-dividend ratio and limits to arbitrage: Evidence from a time-varying ESTR model. Economics Letters, 91 (3), pp. 408-412. https://doi.org/10.1016/j.econlet.2005.12.024en_UK
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.rights.urihttp://www.rioxx.net/licenses/under-embargo-all-rights-reserveden_UK
dc.subjectPresent value modelen_UK
dc.subjectESTR modelen_UK
dc.subjectlimits to arbitrageen_UK
dc.titleThe price-dividend ratio and limits to arbitrage: Evidence from a time-varying ESTR modelen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2999-12-28en_UK
dc.rights.embargoreason[1-s2.0-S0165176506000127-main.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.identifier.doi10.1016/j.econlet.2005.12.024en_UK
dc.citation.jtitleEconomics Lettersen_UK
dc.citation.issn0165-1765en_UK
dc.citation.volume91en_UK
dc.citation.issue3en_UK
dc.citation.spage408en_UK
dc.citation.epage412en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.author.emaildavid.mcmillan@stir.ac.uken_UK
dc.citation.date27/04/2006en_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.identifier.isiWOS:000238407600017en_UK
dc.identifier.scopusid2-s2.0-33646787131en_UK
dc.identifier.wtid539553en_UK
dc.contributor.orcid0000-0002-5891-4193en_UK
dc.date.accepted2005-12-22en_UK
dcterms.dateAccepted2005-12-22en_UK
dc.date.filedepositdate2017-02-27en_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorMcMillan, David|0000-0002-5891-4193en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2999-12-28en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||en_UK
local.rioxx.filename1-s2.0-S0165176506000127-main.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0165-1765en_UK
Appears in Collections:Economics Journal Articles

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