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The Journal of Portfolio Management, 2004 Recent research on the equity risk premium has questioned the ability of historical estimates of the risk premium to provide reliable estimates of the expected risk premium.
Kyriacou, K, Madsen, J, Mase, B
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The declining U.S. equity premium [PDF]
Quarterly Review, 2000 This study demonstrates that the U.S. equity premium has declined significantly during the last three decades. The study calculates the equity premium using a variation of a formula in the classic Gordon stock valuation model.
Anna Scherbina. +2 more
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Estimating the Equity Premium [PDF]
, 2007 To estimate the equity premium, it is helpful to use finance theory: not the old-fashioned theory that efficient markets imply a constant equity premium, but theory that restricts the time-series behavior of valuation ratios, and that links the cross ...
John Y. Campbell
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Company fundamentals as determinants of firm-level equity premiums: Evidence from an emerging economy [PDF]
Panoeconomicus, 2021 Equity premium is a vital number to consider in finance when making fund allocations and investment decisions. This study explores the relationship between (controllable) determinants of firm-level equity premiums in the context of the Pakistan stock ...
Imran Muhammad
doaj +1 more source
Examining the Equity Premium Puzzle in Iran: A Practical Approach Using a Dynamic Stochastic General Equilibrium Model [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 The equity premium is obtained from the difference between the return on the risky stock asset and the return on the risk-free asset; the failure of financial theory to explain high equity premium is known as the equity premium puzzle.
Sahar Zare Joneghani +3 more
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The influence of brand equity on customer intention to pay premium price of the fashion house brand [PDF]
Management Science Letters, 2018 Branded fashion clothing is developing expeditiously in Bangladesh. Bangladeshi local apparel fashion brand outlets are flourishing with positive customers’ attitude.
Dewan Golam Yazdani Showrav +1 more
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Equity Premium Puzzle and Bubble Risk and Epstein- Zin Recursive Preferences Function in Iran’s Securities Market [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2017 The present study aims to interpret equity premium puzzle based on the bubble risk approach in Iran’s securities market for the period 1996:09-2016:10.
Madjid Hatefi Madjumerd +2 more
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The Equity Risk Premium Puzzle in Pakistan
Market Forces, 2021 Our study uses the consumption-based asset-pricing power utility model to test the Equity Risk Premium (ERP) puzzle in Pakistan. The study has collected monthly stock price data from July 1997 to December 2017 from the PSX data portal.
Ali Sajid +3 more
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Information shocks and the cross section of expected returns
Borsa Istanbul Review, 2023 This paper examines the risk premium associated with information shocks in equity markets. For all stocks traded on Borsa Istanbul between March 2005 and December 2020, we calculate information shocks as unanticipated information asymmetry by focusing on
Tanseli Savaser, Murat Tiniç
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Information and the Equity Premium [PDF]
SSRN Electronic Journal, 2002 We determine how better information aects the average equity premium in a standard representative agent exchange economy. Perfect information obviously eliminates the equity premium, and we show that a particular kind of information about the level of future consumption always lowers the average equity premium.
Gollier, Christian, Schlee, Edward
openaire +4 more sources