This study analyzes equity risk premium, that is the incremental return over and above the return on risk free securities for assuming the risk. Using GARCH estimate reveals strong positive correlation between growth rate of GDP and that of the equity risk premium. An increase in future economic...

Based on the rational that some industry groups are more closely linked to the business cycle than others, we re-examined a previous analysis on the long-term relationship between stock return dispersion by industry and Gross Domestic Product (GDP), which evaluated data until 1987 by extending...

In this paper Imake a strong case for securitization of the existing and future loans in the portfolio of private companies as well as private and government owned banks for mitigating funding shortages in the housing, consumer, and manufacturing sectors of Iran’s economy. There are great deal...