The Equity Risk Premium Controversy

The equity risk premium controversy is a puzzle with implications for investors and money managers. Whatever the arguments about a high equity risk premium in the past, there has been a substantial premium over time on average, although typically not as great a realized premium to investors. There i...

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Bibliographic Details
Published inJournal of Investing Vol. 14; no. 2; p. 37
Main Authors Jones, Charles P, Wilson, Jack W
Format Trade Publication Article
LanguageEnglish
Published London Pageant Media 01.07.2005
Subjects
Economic forecasts
Equity
Institutional investments
Investment advisors
Investment policy
Investors
Probability
Risk premiums
Stocks
Treasury bills
United States > US
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Summary:The equity risk premium controversy is a puzzle with implications for investors and money managers. Whatever the arguments about a high equity risk premium in the past, there has been a substantial premium over time on average, although typically not as great a realized premium to investors. There is similarly credible evidence that an equivalent or only sightly lower premium may continue into the future. [PUBLICATION ABSTRACT]
ISSN:1068-0896
2168-8613
DOI:10.3905/joi.2005.517173