Abstract:During the 1980s and 1990s, economists investigated a set of phenomena called market anomalies. One of the strategies based on market anomalies was a high-yield investment strategy where the main criterion for share selection is their high dividend yield. This paper tests the hypothesis that the anomaly associated with high dividend stocks, which was detected in the American market until the beginning of the 21st century, has ceased to exist at present, and also examines the possibility of improving the result… Show more
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