The Relevance of Gordon’s Dividend Valuation Model and Earnings Multiplier in Stock Valuation
The empirical finding suggested by Mansor and Lim (1992) is that approximately 75% of the analysts used to be speculators. Many investors in Malaysia want capital gain rather than dividends and for some investors focusing solely on dividend is not desirable. Norhayati (2005) found that about three q...
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| Format: | Thesis |
| Language: | English English |
| Published: |
2006
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/363/1/GSM_2006_7.pdf |
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