Literature survey of measurement of risk: The value premium

Oluwatobi Oyefeso ()
Additional contact information
Oluwatobi Oyefeso: Bristol Business School, University of the West of England, Frenchay Campus

Journal of Asset Management, 2004, vol. 5, issue 4, No 7, 277-288

Abstract: Abstract This paper reviews the existing literature on the work that has been done in an important area of financial markets — measure of risks. The paper attempts to make this survey as complete as possible, but since this area of research has been very active for the past several years, describing all the work that has been done is not feasible. While the paper includes the most important research, it has left out some very good papers. Essentially, the paper emphasises the use of the value premium as a measurement of risk of equity and fixed-income securities. The paper suggests potentially fruitful areas for further research, including whether or not the value premium captures and explains the same type of risk as the market risk premium, which is the commonplace measure of risk in the finance literature.

Keywords: market risk premium; value stocks; growth stocks; value premium (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1057/palgrave.jam.2240146 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:assmgt:v:5:y:2004:i:4:d:10.1057_palgrave.jam.2240146

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41260

DOI: 10.1057/palgrave.jam.2240146

Access Statistics for this article

Journal of Asset Management is currently edited by Marielle de Jong and Dan diBartolomeo

More articles in Journal of Asset Management from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().