title: The evaluation of the effectiveness of high-dividend strategies in Asia-Pacific Economic Cooperation economies
metadata.name: dc.contributor.author
metadata.value: Stolyarov, Andrey I.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Sorokin, Ilya A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2021-06-07T20:01:55Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2021-06-07T20:01:55Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2021-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Stolyarov A. I., Sorokin I. A. (2021) The evaluation of the effectiveness of high-dividend strategies in Asia-Pacific Economic Cooperation economies. St Petersburg University Journal of Economic Studies, vol. 37, iss. 1, pp. 166–186.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu05.2021.107
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/29246
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Investment strategies related to the use of high-dividend shares have been known for more
  than 30 years. Despite this, they remain relevant today A large number of studies on this topic
  are devoted to studying the effectiveness of high-dividend strategies within one market, and
  cross-country studies evaluate a small number of markets. The aim of this paper is to evaluate
  the effectiveness of high-dividend strategies in the markets of all APEC economies, with the
  exception of Brunei and Papua New Guinea. The time horizon of the study is from 2002 to
  the present. We applied well-known modifications of the classic high-dividend strategy and
  modifications developed by the authors. We test hypotheses regarding the influence of various
  factors, such as the number of shares in a portfolio, the month of portfolio formation,
  classifying the economy as developed or developing, and the return on high-dividend portfolios.
  We also test the hypothesis that the significance of the high-dividend anomaly exists in
  various markets, but decreases over time. The results show different levels of effectiveness of
  high-dividend strategies and the different impact of the factors on the markets of developed and developing APEC economies. We found that high-dividend strategies are generally more
  effective in emerging markets, but in case of market growth, high-dividend strategies increase
  their abnormal returns only in developed markets. At the same time, the authors conclude
  that the number of shares in a high-dividend portfolio directly affects the result of its work.
  The results have theoretical and practical value, and can be applied in compiling a real investment
  portfolio.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: St Petersburg University Journal of Economic Studies;Volume 37; Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: high-dividend strategies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: investment strategies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: dividends
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: APEC
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The evaluation of the effectiveness of high-dividend strategies in Asia-Pacific Economic Cooperation economies
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 166-186.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/29246/1/166-186.pdf
resources.format: Adobe PDF
resources.size: 950,82 kB