The Equity Premium in the Long-Run

We propose a new approach to the study of stock returns. We develop a simple model to show that, in the long run, the average rate of return on the market portfolio equals the average growth rate of income plus an average payout rate measuring the quantity of financial resources distributed or absorbed by quoted firms. We exploit this framework to calculate expected returns using U.S. stock market data

MoreLess

Year of publication:	[2004]
Authors:	Taboga, Marco
Publisher:	[2004]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details
Report error

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	In: Applied Financial Economics, Vol. 14, pp. 645-650, 2004 Volltext nicht verfügbar
Classification:	G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012785622