Does the 'Dogs of the Dow' strategy work better in blue chips?
Publication in refereed journal


香港中文大学研究人员 ( 现职)

庄太量教授 (经济学系)

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数位物件识别号 (DOI) http://dx.doi.org/10.1080/17446540902845495

引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL

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摘要The 'Dogs of the Dow' strategy is a dividend-yield trading strategy, which invests in stocks that give the highest dividend. This article examines whether the 'Dogs of the Dow' strategy is profitable in the Hong Kong stock market. Using the data from 1992 to 2http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/07, we show that a portfolio consisting of the top dividend-yielding stocks generates a negative return for investors, whereas a portfolio with top dividend-yielding Hang Seng Index constituent stocks can fetch a positive return of about 8% per year. The result is in agreement with that of McQueen et al. (1997).

着者Chong TTL, Luk KK
期刊名称APPLIED ECONOMICS LETTERS
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/01http://aims.cuhk.edu.hk/converis/portal/Publication/0
月份1
日期1
卷号17
期次12
出版社ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
页次1173 - 1175
国际标準期刊号135http://aims.cuhk.edu.hk/converis/portal/Publication/0-4851
电子国际标準期刊号1466-4291
语言英式英语

Web of Science 学科类别Business & Economics; Economics; ECONOMICS