Results 111 to 120 of about 293 (163)

Mortgage payments and equity premium puzzle

The Quarterly Review of Economics and Finance, 2020
The equity premium puzzle argues that equity risk alone is insufficient to justify observed equity premiums with a reasonable value of risk aversion. Mortgages account for a substantial part of household debt, it is thus necessary to take the mortgage payment obligations into consideration when addressing the puzzle.
Tien Foo Sing, Yiheng Zou
openaire   +1 more source

The Private Equity Premium Puzzle [PDF]

open access: possibleSSRN Electronic Journal, 2001
We document that investment in private equity is extremely concentrated. Yet despite the very poor diversification of entrepreneurs' portfolios, we find that the returns to private equity are surprisingly low. Given the large premium required by investors in public equity, it is puzzling why households willingly invest substantial amounts in a single ...
TOBIAS J. MOSKOWITZ   +1 more
openaire   +1 more source

Equity premium puzzle — Evidence from Poland

Journal of Behavioral and Experimental Finance, 2020
Abstract The paper investigates the equity premium puzzle on Warsaw Stock Exchange (WSE). The dataset we use is based on a detailed survey conducted among Polish individual investors, which enabled us to develop an investor’s profile. We find evidence that certain behavioral biases are present on the market. We later compare the results with the risk
Michał Łukowski   +4 more
openaire   +1 more source

The Equity Premium Puzzle

2017
On average, equities historically deliver returns that exceed those on safe assets by several percentages every year. Over time and in nearly all developed economies, the equity risk premium is considerable. Yet puzzles persist. Despite that premium, why do so many potential investors avoid holding stocks?
openaire   +1 more source

EQUITY PREMIUM PUZZLE IN THAILAND: REVISITED

2021
UTCC International Journal of Business and Economics, 13, 1, 101 ...
openaire   +1 more source

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