TY - JOUR T1 - Practical Applications of Dividend-Price Ratios and Stock Returns: <em>International Evidence</em> JF - Practical Applications SP - 1 LP - 3 DO - 10.3905/pa.2014.2.2.075 VL - 2 IS - 2 AU - Bradford Cornell A2 - Goyal, Gauri Y1 - 2014/10/31 UR - https://pm-research.com/content/2/2/1.10.abstract N2 - Dividend-Price Ratios and Stock Returns: International Evidence Bradford Cornell Bradford Cornell has some sobering advice for investors seeking to predict returns on the basis of dividend-price ratios: “Be very skeptical. Don’’t feel with any confidence that you can predict future returns using the dividend-price ratio. ”The Visiting Professor of financial economics at the California Institute of Technology , debunks conventional research to show that the positive links between dividend yields and future returns are largely a product of historical circumstances.In Dividend-Price Ratios and Stock Returns: International Evidence , Cornell, also a hedge fund manager at San Marino Business Partners , expands on his prior research in Dividend-Price Ratios and Stock Returns: Another Look at the History to examine non-U.S. markets.TOPICS: Accounting and ratio analysis, statistical methods, global ER -