FINANCE Corporate financial policy and R and D Management

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Dividend Yield

1.P_DYLD: Predicted dividend yield. This descriptor uses the past four
quarterly dividends paid out by the company along with the returns on the
company’s stock and future dividend announcements made by the com-
pany to come up with a BARRA-predicted dividend yield.


Non-Estimation Universe Indicator

1.NONESTU: Indicator for firms outside US-E3 estimation universe.This
is a 0–1 indicator variable: It is equal to 0 if the company is in the US-E3
estimation universe and equal to 1 if the company is outside the US-E3 es-
timation universe.


Appendix 8.B 235
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