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Informing policy through evidence: A scoping review of factors that influence enrolment in community-based health insurance in East Africa. [PDF]
Lubajo R, Sweeney S, Olu OO.
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Time trends and persistence of the return difference between growth and value investment strategies. [PDF]
Monge M, Hurtado R, Infante J.
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Variance risk premium and equity returns
Research in International Business and Finance, 2018Abstract This study contributes to the age-old question of whether stock market returns are predictable by investigating the relationship of variance risk premium and equity returns. The volatilities derived from options prices typically exceed the corresponding subsequent realized volatilities of the underlying asset, suggesting that investors ...
Athanasios P. Fassas +1 more
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North American Actuarial Journal, 2004
Abstract The equity risk premium (ERP) is an essential building block of the market value of risk. In theory, the collective action of all investors results in an equilibrium expectation for the return on the market portfolio excess of the risk-free return, the ERP. The ability of the valuation actuary to choose a sensible value for the ERP, whether as
Richard A. Derrig, Elisha D. Orr
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Abstract The equity risk premium (ERP) is an essential building block of the market value of risk. In theory, the collective action of all investors results in an equilibrium expectation for the return on the market portfolio excess of the risk-free return, the ERP. The ability of the valuation actuary to choose a sensible value for the ERP, whether as
Richard A. Derrig, Elisha D. Orr
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EXPLAINING THE EQUITY RISK PREMIUM*
The Manchester School, 2006We develop a simple overlapping generations model in which the young have a choice in investing in equities or index‐linked bonds. Projections of share price uncertainty over a 30‐year period show that the risk associated with such long‐term investments predicts an equity premium that matches historical values. Moreover, we calibrate the model and show
Lungu, Laurian, Minford, Patrick
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