The Size Premium in Equity Markets: Where Is the Risk?
نویسندگان
چکیده
منابع مشابه
Measuring the equity risk premium
We use surveys of economic forecasts to derive a forward-looking estimate of the US equity risk premium (ERP) relative to government bonds. Our ERP measure helps predict short-term relative returns between stocks and bonds. Over the period we studied, low readings of the ERP tended to adjust back to the mean via a rally in the bond market rather than a fall in stock prices. We do not generalise...
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ژورنال
عنوان ژورنال: The Journal of Portfolio Management
سال: 2019
ISSN: 0095-4918,2168-8656
DOI: 10.3905/jpm.2019.1.086