• Medientyp: E-Book
  • Titel: The Long-Run Equity Risk Premium
  • Beteiligte: Graham, John R. [VerfasserIn]; Harvey, Campbell R. [Sonstige Person, Familie und Körperschaft]
  • Erschienen: [S.l.]: SSRN, [2005]
  • Umfang: 1 Online-Ressource (13 p)
  • Sprache: Nicht zu entscheiden
  • DOI: 10.2139/ssrn.795369
  • Identifikator:
  • Entstehung:
  • Beschreibung: We present expectations of the equity risk premium measured over a 10-year horizon relative to a 10-year U.S. Treasury bond based on a survey of U.S. Chief Financial Officers (CFOs). This multi-year survey has been conducted each quarter from June 2000. Each quarter the survey also provides measures of cross-sectional disagreement about the risk premium, skewness, and a measure of individual uncertainty. The individual uncertainty is deduced from the 80% confidence interval that each respondent provides for his or her risk premium assessment. We also present evidence on the determinants of the long-run risk premium. Our analysis suggests that there is a positive correlation between the ex ante risk premium and real interest rates as reflected in Treasury Inflation Indexed Notes
  • Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 9, 2005 erstellt
  • Zugangsstatus: Freier Zugang