例如在通胀高企时期,选取包含1970年代滞胀期的数据进行回归分析。跨国比较时需调整国家风险溢价,通过主权CDS利差或违约概率模型(如Damodaran的国家风险溢价模型)叠加修正。对于行业特性,科技企业通常比公用事业公司承担更高风险溢价,需在基准溢价上增加1-3个百分点的行业风险补偿。
According to Aswath Damodaran equity risk premium in the US in 1979 was 6.45%, thus 1898 Words 8 Pages Decent Essays Read More External Forces That Expect The Risk Of The Stock Market Next will look at the U.S. equity risk premium, which will also be used in the best and worst-case ...
Figure 14: Estimated Equity Risk Premia (Damodaran 2011, p81) As we can see these Equity Risk Premium are in a narrow range and cover a number of different time periods and surveys. Our Equity Risk Premium historical data covering a period of thirty five years is consistently lower than thes...
由纽约大学斯特恩商学院Aswath Damodaran教授估算的公司所在国家及地区的股票风险溢价。来源: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html。 股权风险溢价(经营活动所在国家及地区)的定义 由纽约大学斯特恩商学院Aswath Damodaran教授估算的公司所在国家及地区的股票风险溢价。来源: htt...
In an article titled –What is the Risk-free Rate? A Search for the Basic Building Block –Aswath Damodaran, Professor of Finance at the Stern School of Business, New York University, wrote:“An investment that delivers the same return, no matter what the scenario, should be uncorrelated ...
country risk premiumequity risk premiumERPRussiadiscount rateDamodaraninvestment valuationERP (equity risk premium) is one of the inputs in investment valuation models and it is very important to correctly determine a country risk premium for ERP in...
由纽约大学斯特恩商学院Aswath Damodaran教授估算的公司所在国家及地区的边际股票风险溢价与美国股权风险溢价的差额。来源: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html。 边际股权风险溢价(经营活动所在国家及地区)的定义 由纽约大学斯特恩商学院Aswath Damodaran教授估算的公司所在国家...
Equity Risk Premium (Operating Country) - Equity risk premium in the country where the company operates as estimated by professor Aswath Damodaran at NYU Stern. Source: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html. Price Quote Freshness - Indicates freshness of lat...
Damodaran: Value Investing: Investing for Grown Ups? Abstract:Value investors generally characterize themselves as the grown ups in the investment world, unswayed by perceptions or momentum, and driven by fundamentals. While this may be true, at least in the abstract, there are at least three dis...
significantly influences the decision-making and behaviors of traders, thereby influencing market prices (Cornell2016). This assertion is supported by the inherent difficulty in accurately determining asset intrinsic values (Fama1989; Damodaran2012; Graham and Dodd2008; Greenwald et al.2010; Shiller2015)...