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Equity Premium Puzzle - Rajnish Mehra - Bog

- A Review

af Rajnish Mehra

indgår i Foundations and Trends (R) in Finance serien

Equity Premium Puzzle af Rajnish Mehra
Bag om Equity Premium Puzzle

Reviews the literature on this phenomenon from the original papers by Mehra and Prescott to the present. The author shows that the equity premium - the return earned by a broad market index in excess of that earned by a relatively risk-free security - is not a premium for bearing non-diversifiable risk.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781601980649
  • Indbinding:
  • Paperback
  • Sideantal:
  • 96
  • Udgivet:
  • 27. September 2007
  • Størrelse:
  • 234x156x5 mm.
  • Vægt:
  • 148 g.
  • 2-3 uger.
  • 16. Juli 2024

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Prøv i 30 dage for 45 kr.
Herefter fra 79 kr./md. Ingen binding.

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Beskrivelse af Equity Premium Puzzle

Reviews the literature on this phenomenon from the original papers by Mehra and Prescott to the present. The author shows that the equity premium - the return earned by a broad market index in excess of that earned by a relatively risk-free security - is not a premium for bearing non-diversifiable risk.

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