The Equity Risk Premium Puzzle

Hádanka akciové rizikové prémie

Petr Musílek

Oceňování, 2020, vol. 13, issue 1-2, 65-79

Abstract: This paper discusses the issue of the equity risk premium puzzle, launched by the article by Marik a Marikova (2019a, 2019b). The introductory part of the article focuses on the essential conclusions from the above article. Furthermore, the paper pays attention to deepening the interpretation of the CAPM model. The following part of the paper discusses the limitation of the approach, which is based on the implied risk premium. The final part of the paper analyzes the alternative methods of determining the equity risk premium.

Keywords: The Equity Risk Premium; CAPM; Price; Efficient Market; Implied Risk Premium; Risk Liquidity; Expected Equity Risk Premium; Akciová riziková prémie; cena; efektivní trh; implikovaná riziková prémie; riziko likvidity; očekávaná akciová riziková prémie (search for similar items in EconPapers)
JEL-codes: G12 G32 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.18267/j.ocenovani.247

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