Essays about: "Equity Premium Puzzle"
Showing result 1 - 5 of 7 essays containing the words Equity Premium Puzzle.
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1. Risk Attitudes and the Equity Premium Puzzle: empirical tests in a cross-country setting
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study utilises panel data, Equity Home Bias measurements and a two-stage estimation process incorporating one version of the international CAPM to extract comparable input data and test country-scores for risk preferences, risk aversion and time discounting as well as country scores on broader cultural dimensions, on country-estimates of the Equity Risk Premia. The risk attitude scores, which just recently have been made available, are such that they may proxy for irrational behaviours which have been theorized to explain the Equity Premium Puzzle, and enable a rigorous way to empirically test such an effect. READ MORE
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2. The effect of Optimism on teh Equity Premium
University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistikAbstract : The Equity Premium Puzzle highlights the occurrence of historical equity premium being an order of magnitude greater than can be rationalized in the context of the standard paradigm of financial economics. Studies have shown that pessimism may explain this puzzle. READ MORE
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3. Idiosyncratic Risk and Expected Stock Returns: An Empirical Investigation on the GIPS Countries
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : The thesis aims to provide a framework for understanding how the idiosyncratic risk (IVOL) may affect the returns of individual stocks in the context of the Capital Asset Pricing Model and the Fama-French three factor model. We examine the Greek, Italian, Portuguese and Spanish (GIPS) Equity Markets. READ MORE
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4. The Dynamics of Equity Risk Premium : The case of France, Germany, Sweden, United Kingdom and USA
University essay from IHH, Economics, Finance and StatisticsAbstract : Equity risk premium is a financial variable that is surrounded by mystery. Starting from the almost 30 year old equity premium puzzle caused by considerations that equity premium values which are observable in past data imply an implausibly high risk aversion to more recent statements that equity premium does not exist anymore. READ MORE
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5. Is Rationality Bounded？ An Interpretation on Equity Premium Puzzle
University essay from Ekonomihögskolan, ELNUAbstract : Since equity premium puzzle had long been a problem, many economists tried to give reasonable interpretations to the puzzle. I focus on the type of theories using bounded rationality as the answer to the problem. I am willing to find out that whether the puzzle still exists in recent decades. READ MORE
