Outperformance through dividend strategies
Tasso Politis
Jul 2011 · GRIN Verlag
eBook
79
Halaman
family_home
Memenuhi syarat
info
reportRating dan ulasan tidak diverifikasi Pelajari Lebih Lanjut
Tentang eBook ini
Bachelor Thesis from the year 2011 in the subject Business economics - Investment and Finance, University of Applied Sciences Essen, language: English, abstract: This study aims to integrate itself into the scientific network of business administration by covering the topic of dividend strategies. Its main objective is to give a theoretical overview on the field of dividend orientated investment strategies under consideration of current scientific literature and research results. Additionally, a practical part is included as the study also applies the theoretical findings empirically by examining a possible outperformance of investment strategies on the German stock market. Chapter 2 creates the basis as it explains the differences between passive and active portfolio management under consideration of the market efficiency hypothesis. As the active management style contains several different approaches, it is divided in three main categories that are linked to different stages of market efficiency. Due to the fact that dividend strategies aim to outperform the market, they are assigned to semi-active and active portfolio strategies. To get informed about different possibilities of measuring this outperformance, the chapter finishes with a presentation of performance analysis concepts that complement each other. Chapter 3 goes more into details of dividend strategies as it divides them into two basic categories. As the active ones are partly complex and require the estimation of a company’s future growth rate, they are preferably used by institutional investors. In contrast to that, the semi-active dividend strategies can be easily applied also by individual investors as they are linked to objective and clearly defined actual figures. Moreover, a large number of investment opportunities have been developed and issued in the last years that make it easy to follow those dividend strategies. To get an overview on the state of research, several empirical studies concerning the success of dividend strategies on different markets are presented. The last chapter 4 contains an empirical study on the German stock market, which examines the advantageousness of the DivDAX in comparison to the DAX over a time frame of 11 years. After an interpretation of the results, combined with an outlook on possible future research questions, a general conclusion of the theoretical and practical part is made in chapter 5.
Beri rating eBook ini
Sampaikan pendapat Anda.
Informasi bacaan
Smartphone dan tablet
Instal aplikasi Google Play Buku untuk Android dan iPad/iPhone. Aplikasi akan disinkronkan secara otomatis dengan akun Anda dan dapat diakses secara online maupun offline di mana saja.
Laptop dan komputer
Anda dapat mendengarkan buku audio yang dibeli di Google Play menggunakan browser web komputer.
eReader dan perangkat lainnya
Untuk membaca di perangkat e-ink seperti Kobo eReaders, Anda perlu mendownload file dan mentransfernya ke perangkat Anda. Ikuti petunjuk Pusat bantuan yang mendetail untuk mentransfer file ke eReaders yang didukung.
