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The Journal of Portfolio Management

The Journal of Portfolio Management

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Understanding Two Remarkable Findings about Stock Yields and Growth

Jacob Thomas and Frank Zhang
The Journal of Portfolio Management Summer 2009, 35 (4) 158-165; DOI: https://doi.org/10.3905/JPM.2009.35.4.158
Jacob Thomas
is the Williams Brothers professor of accounting and finance at Yale University in New Haven, CT.
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  • For correspondence: jake.thomas@yale.edu
Frank Zhang
is an assistant professor of accounting at Yale University and a vice president at Nicholas Applegate Capital Management in San Diego, CA.
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  • For correspondence: frank.zhang@yale.edu
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The Journal of Portfolio Management: 35 (4)
The Journal of Portfolio Management
Vol. 35, Issue 4
Summer 2009
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Understanding Two Remarkable Findings about Stock Yields and Growth
Jacob Thomas, Frank Zhang
The Journal of Portfolio Management Jul 2009, 35 (4) 158-165; DOI: 10.3905/JPM.2009.35.4.158

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Understanding Two Remarkable Findings about Stock Yields and Growth
Jacob Thomas, Frank Zhang
The Journal of Portfolio Management Jul 2009, 35 (4) 158-165; DOI: 10.3905/JPM.2009.35.4.158
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  • Article
    • Abstract
    • THE CONVENTIONAL WISDOM
    • EVIDENCE ON YIELDS
    • EVIDENCE ON GROWTH RATES
    • RATIONALIZING THE SEEMINGLY CONTRADICTORY EVIDENCE
    • IMPLICATIONS
    • ENDNOTES
    • REFERENCES
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