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Cited by 430

The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.

On the Timing and Pricing of Dividends

Binsbergen, Jules van, Brandt, Michael, Koijen, Ralph·2012·American Economic Review
DOI 10.1257/aer.102.4.1596
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Abstract

We present evidence on the term structure of the equity premium. We recover prices of dividend strips, which are short-term assets that pay dividends on the stock index every period up to period T and nothing thereafter. It is short-term relative to the index because the index pays dividends in perpetuity. We find that expected returns, Sharpe ratios, and volatilities on short-term assets are higher than on the index, while their CAPM betas are below one. Short-term assets are more volatile than their realizations, leading to excess volatility and return predictability. Our findings are inconsistent with many leading theories.

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Metadata

Authors
Binsbergen, J. V., Brandt, M., & Koijen, R.
Venue
American Economic Review
Publisher
American Economic Association
Published
2012-06-01
Volume
102
Issue
4
Pages
1596-1618
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/aer.102.4.1596
OpenAlex
W3123908576
Cited by
430
References
5
FWCI
53.60
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: On the Timing and Pricing of Dividends. https://app.cochat.ai/papers/10.1257/aer.102.4.1596
The paper
Binsbergen, J. V., Brandt, M., & Koijen, R. (2012). On the Timing and Pricing of Dividends. American Economic Review. https://doi.org/10.1257/aer.102.4.1596

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.