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Online veröffentlicht: 18. März 2024
Seitenbereich: 80 - 99
Eingereicht: 23. März 2016
Akzeptiert: 14. Juli 2016
DOI: https://doi.org/10.2478/fprj-2016-0004
© 2016 Robert J Bianchi et al., published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
The equity risk premium (ERP) remains one of the most hotly contested ideas in finance. The disagreement, in practical and theoretical terms, centres on how best to measure the risk of an investment, how to convert this risk measure into an expected return that compensates the investor for holding that risk, and its degree of predictability. This paper provides Australian evidence for the period 1900 through 2014.