2 papers
q-fin.RM2017
Extending Yagil exchange ratio determination model to the case of stochastic dividends
Alessandra Mainini, Enrico Moretto
This article extends, in a stochastic environment, the Yagil (1987) model which establishes, in a deterministic dividend discount model, a range for the exchange ratio in a stock-f…
q-fin.PR2016
Covariance of random stock prices in the Stochastic Dividend Discount Model
Arianna Agosto, Alessandra Mainini, Enrico Moretto
Dividend discount models have been developed in a deterministic setting. Some authors (Hurley and Johnson, 1994 and 1998; Yao, 1997) have introduced randomness in terms of stochast…