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| Additional Physical Format: | Online version: Cornell, Bradford. Equity risk premium. New York : Wiley, c1999 (OCoLC)652298934 |
|---|---|
| Document Type: | Book |
| All Authors / Contributors: |
Bradford Cornell |
| ISBN: | 0471327352 9780471327356 |
| OCLC Number: | 40433201 |
| Description: | x, 227 p. : ill. ; 24 cm. |
| Contents: | Measuring and Assessing Stock-Market Performance -- An Introduction to Stock-Market History -- Stock-Market Indexes -- Using Investor Returns to Assess Stock-Market Performance -- An Overview of Market Performance: Annual Holding-Period Returns -- The Equity Risk Premium -- Definition -- Importance -- Using the Historical Data to Estimate Future Stock-Market Performance -- Uses of the Equity Risk Premium -- Inflation and Asset Returns -- Stock Returns and the Risk Premium: Looking Forward -- Evaluating the Historical Record -- Computing the Average Premium: Arithmetic versus Geometric -- How Accurately Can the Historical Risk Premium Be Measured? -- Nonstationarity and Historical Estimates of the Equity Risk Premium -- Attempts to Model Changes in the Risk Premium -- Models Based on the Variability of Returns -- Models Based on Dividend and Earnings Yield -- Does Nonstationarity Really Matter for Estimating the Long-Run Risk Premium? -- The Impact of Permanent Changes in the Risk Premium on Stock Prices -- The Bottom Line on Nonstationarity -- Survival Bias -- The Impact -- The Bottom Line -- Stock and Bond Returns -- Over the Long Horizon -- The Impact of Inflation -- A Final Assessment of the Historical Record -- Monthly Data for Stocks, Bonds, Bills, and Inflation -- Forward-Looking Estimates of the Equity Risk Premium -- The Discounted Cash Flow Model -- Forms of the Model -- Constant-Growth Form -- Multistage Form -- Comparison of the Discounted Cash Flow and Historical Estimates of the Risk Premium. |
| Series Title: | Wiley frontiers in finance. |
| Responsibility: | Bradford Cornell. |
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Related Subjects:(12)
- Stocks -- Prices -- United States.
- Risk -- United States.
- Stocks.
- Speculation.
- Government securities.
- Actions (Titres de société) -- Prix
- Risque -- États-Unis
- Aktienmarkt
- Risikoprämie
- USA
- Primes de risque (finances) -- États-Unis.
- Valeurs mobilières -- Cours -- États-Unis.
