根据Damodaran(2022)引用格雷厄姆和哈维公司对首席财务官(CFO)或公司进行的年度调查,股权风险溢价在经济危机后往往较高,如调查溢价在危机刚结束的2009年2月达到峰值,为4.56%,而在繁荣时期往往较低,如2006年3月达到最低记录的2.42%。2008年金融危机之后,调查答复的标准差有所增加。 学者从学术层面对股权风险溢价进行估...
(2009a) "Equity Risk Premiums (ERP): Determinants, Estimation and Implications - a Post-Crisis Update". Financial Markets, Institutions and Instruments: Vol. 18, 289-370.Damodaran, A. (2009). Equity Risk Premiums (ERP): Determinants, Estimation and Implications - A Post-Crisis Update./ ...
作者: A Damodaran 摘要: Equity risk premiums are a central component of every risk and return model in finance. Given their importance, it is surprising how haphazard the estimation of equity risk premiums remains in practice. The standard approach to estimating equity risk premiums remains the ...
Previous articles in thisserieshave encompassed some of the key themes with regard to the Equity Risk Premium (ERP). In this instalment I propose to examine some of these using UK data from Thomson Datastream and other sources. After an introduction to the indices used, we will look at Equit...
Aswath Damodaran https://doi.org/10.1142/9789814417501_0012Cited by:9(Source: Crossref) Previous Next PDF/EPUB Tools Share Cite Recommend Abstract: The following sections are included: Equity Risk Premiums: Importance and Determinants Why Does the Equity Risk Premium Matter?
The top-down risk premium estimates uses the ERP or changes in ERP using the observed relationship between interest rates and other factors, which impact the ERP. Survey method relies on the opinions of investors and financial professionals about the risk premiums. Professor Damodaran (2006) ...
Barclays Capital, 2011.[75]Damodaran A., `Equity Risk Premiums ... ASD Watson,S Kemp,Damion,... 被引量: 0发表: 0年 Financial impact of average parity of culled females in a breed-to-wean swine operation using replacement gilt net present value analysis (SEW) pig price, production costs...
Estimating Equity Risk Premiums Aswath Damodaran Stern School of Business 44 West Fourth Street New York, NY 10012 Adamodar@stern.nyu.edu Estimating Equity Risk Premiums Equity risk premiums are a central component of every risk and return model in finance. ...
Do time-varying risk premiums explain labor market performance? J. Financ. Econ. (2011) E.F. Fama et al. Common risk factors in the returns on stocks and bonds J. Financ. Econ. (1993) P. Gomme et al. On the cyclical allocation of risk J. Econ. Dyn. Control (1995) F.A. Longsta...
Damodaran, AswathSsrn Electronic JournalDamodaran, A. (2008), "Equity Risk Premiums (ERP): Determinants, Estimation and Implications", Stern School of BusinessEquity Risk Premiums (ERP):Determinants, Estimation and Implications. Damodaran. http://pages.stern.nyu.edu/-adamodar/ . 2008...