Essays about: "Premium Puzzle"

Showing result 11 - 15 of 15 essays containing the words Premium Puzzle.

  1. 11. The Discount Delusion - The Swedish Closed-End Fund Premium Puzzle

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tommy Chen; Christer Tour; [2013]
    Keywords : Closed-End Funds; Discounts; Persistence; Sweden; Efficient Market Hypothesis;

    Abstract : The final piece to the Closed-End Fund Puzzle has long eluded researchers and practitioners alike. Many attempts have been made in order to explain the existence of persistent discounts on their net asset values with varying results that sometimes outright contradict each other. READ MORE

  3. 12. The Dynamics of Equity Risk Premium : The case of France, Germany, Sweden, United Kingdom and USA

    University essay from IHH, Economics, Finance and Statistics

    Author : Atis Praudins; [2012]
    Keywords : Equity risk premium; equity risk premium puzzle; historical equity premium; implied equity premium; time series analysis; Granger causality;

    Abstract : 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

  4. 13. Is Rationality Bounded？ An Interpretation on Equity Premium Puzzle

    University essay from Ekonomihögskolan, ELNU

    Author : Yiran Li; [2011]
    Keywords : bounded rationality; equity premium puzzle;

    Abstract : 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

  5. 14. The Equity Premium Puzzle post the Financial Crisis

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Bergsveinn Snorrason; Ívar Alfreð Grétarsson; [2011]
    Keywords : Equity Premium Puzzle; Survivorship Bias; Non-linear interpolation; Risk aversion; Bond; Equity; Business and Economics;

    Abstract : The purpose of this paper is to take a closer look at the equity premium puzzle which is one of the most intriguing puzzles in economics and has been challenging researchers for the last 25 years since Mehra and Prescott first introduced the puzzle. It refers to the empirical fact that risky equity has been outperforming default free debt with about 6 percentage points for the U. READ MORE

  6. 15. Listed Private Equity: A Study of Discount/Premium to NAV Characteristics

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Carl von Heijne; Claes Melander; [2008]
    Keywords : Listed Private Equity; LPE; Closed-end fund puzzle;

    Abstract : Combining findings from earlier research on the closed-end fund puzzle with research on private equity characteristics, we study the discount/premium properties of listed private equity funds. The sample includes 13 buyout funds and 144 venture capital funds, during the period 1988-2008. READ MORE