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Handbook of the Equity Risk Premium || Financial Markets and the Real Economy

✍ Scribed by Cochrane, John H.

Book ID
121279050
Publisher
Elsevier
Year
2008
Tongue
English
Weight
662 KB
Edition
1
Category
Article
ISBN
0444508996

No coin nor oath required. For personal study only.

✦ Synopsis

Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

πŸ“œ SIMILAR VOLUMES

An Alternative Estimation Method of the
An Alternative Estimation Method of the Equity Risk Premium using Financial Statements and Market Data
✍ Martti Luoma; Petri SahlstrΓΆm; Reijo Ruuhela πŸ“‚ Article πŸ“… 2006 πŸ› Elsevier Science 🌐 English βš– 109 KB

This paper develops a method to estimate the equity risk premium. The method exploits the Earn Back Period (EBP) formula presented by Luoma and Ruuhela (2001), which is a generalization of the P/E ratio. The EBP has a clear theoretical interpretation and can be used to compare stocks with different