Sum, Vichet - In: Accounting & Taxation 5 (2013) 1, pp. 1-8
This study finds firms that pay their employees’ health-care premiums earn average positive risk premiums and … positive risk-adjusted excess returns. The problem of the study is to analyze risk premiums and risk adjusted returns of an … portfolio average risk premiums are positive and greater than the market risk premiums from 2007 to 2011 (except 2008). The …