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History and the Equity Risk Premium
16 references·0 citing·35 second hop
History and the Equity Risk Premium (2008)History and the Equity Risk PremiumThe cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Triumph of the optimists: 101 years of global investment returns (2003)Triumph of the optimists: 101…Triumph of the Optimists (2002)Triumph of the OptimistsGlobal Stock Markets in the Twentieth Century (1999)Global Stock Markets in the T…Indexes of U.S. Stock Prices from 1802 to 1987 (1990)Indexes of U.S. Stock Prices …Knight on Risk and Uncertainty (1987)Knight on Risk and UncertaintyThe equity premium: A puzzle (1985)The equity premium: A puzzleA History of Interest Rates. (1978)A History of Interest Rates.A history of interest rates (1963)A history of interest ratesThe Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*The Theory of Investment Value. (1939)The Theory of Investment Valu…The Theory of Investment Value, by John Burr Williams (1939)The Theory of Investment Valu…The Principles of Political Economy (1849)The Principles of Political E…Essays on Some Unsettled Questions of Political Economy (1848)Essays on Some Unsettled Ques…Size and Book-to-Market Factors in Earnings and Returns (1995)Value versus Growth: The International Evidence (1998)Chapter 13 Consumption-based asset pricing (2003)Is size dead? A review of the size effect in equity returns (2011)Predictive regressions with time-varying coefficients (2012)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Law and Finance (1998)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)The Causes of Slavery or Serfdom: A Hypothesis (1970)Economic growth and quality of life: a threshold hypothesis (1995)The Evolution of Social Norms (2015)THE TAX‐ADJUSTED YIELD CURVE (1975)Bulls, bears and market sheep (1990)Comparing the Accuracy and Explainability of Dividend, Free Cash Flow, and Abnormal Earnings Equity Value Estimates (2000)The Democratic Advantage: Institutional Foundations of Financial Power in International Competition (2003)Hamilton's Paradox: The Promise and Peril of Fiscal Federalism (2005)Before and Beyond Divergence (2011)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Crises and Recoveries in an Empirical Model of Consumption Disasters (2013)Household Finance: An Emerging Field (2013)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
this work references cited by second hop

References

  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1985The equity premium: A puzzle5,785 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1849The Principles of Political Economy768 cited
  • 2002Triumph of the Optimists659 cited
  • 1939The Theory of Investment Value, by John Burr Williams623 cited
  • 1963A history of interest rates619 cited
  • 2003Triumph of the optimists: 101 years of global investment returns585 cited
  • 1978A History of Interest Rates.540 cited
  • 1999Global Stock Markets in the Twentieth Century515 cited
  • 1939The Theory of Investment Value.467 cited
  • 1848Essays on Some Unsettled Questions of Political Economy421 cited
  • 1990Indexes of U.S. Stock Prices from 1802 to 1987356 cited
  • 1987Knight on Risk and Uncertainty323 cited

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