Handbook of the Equity Risk Premium

Handbook of the Equity Risk Premium
Author: Rajnish Mehra
Publsiher: Elsevier
Total Pages: 635
Release: 2011-08-11
Genre: Business & Economics
ISBN: 9780080555850

Download Handbook of the Equity Risk Premium Book in PDF, Epub and Kindle

Edited by Rajnish Mehra, this volume focuses on the equity risk premium puzzle, a term coined by Mehra and Prescott in 1985 which encompasses a number of empirical regularities in the prices of capital assets that are at odds with the predictions of standard economic theory.

The Equity Risk Premium

The Equity Risk Premium
Author: William N. Goetzmann,Roger G. Ibbotson
Publsiher: Oxford University Press
Total Pages: 568
Release: 2006-11-16
Genre: Business & Economics
ISBN: 9780195148145

Download The Equity Risk Premium Book in PDF, Epub and Kindle

This book aims to create a strong understanding of the empirical basis for the equity risk premium. Through the research and anaylsis of two scholars who are experts in this field, this volume presents the key issues that are paramount to investors, including whether or not to use historical data as a method of equity investing, and can the equity premium reflect changes in fundamental values and cash flows of the market.

Handbook of Market Risk

Handbook of Market Risk
Author: Christian Szylar
Publsiher: John Wiley & Sons
Total Pages: 432
Release: 2013-10-16
Genre: Business & Economics
ISBN: 9781118572986

Download Handbook of Market Risk Book in PDF, Epub and Kindle

A ONE-STOP GUIDE FOR THE THEORIES, APPLICATIONS, AND STATISTICAL METHODOLOGIES OF MARKET RISK Understanding and investigating the impacts of market risk on the financial landscape is crucial in preventing crises. Written by a hedge fund specialist, the Handbook of Market Risk is the comprehensive guide to the subject of market risk. Featuring a format that is accessible and convenient, the handbook employs numerous examples to underscore the application of the material in a real-world setting. The book starts by introducing the various methods to measure market risk while continuing to emphasize stress testing, liquidity, and interest rate implications. Covering topics intrinsic to understanding and applying market risk, the handbook features: An introduction to financial markets The historical perspective from market events and diverse mathematics to the value-at-risk Return and volatility estimates Diversification, portfolio risk, and efficient frontier The Capital Asset Pricing Model and the Arbitrage Pricing Theory The use of a fundamental multi-factors model Financial derivatives instruments Fixed income and interest rate risk Liquidity risk Alternative investments Stress testing and back testing Banks and Basel II/III The Handbook of Market Risk is a must-have resource for financial engineers, quantitative analysts, regulators, risk managers in investments banks, and large-scale consultancy groups advising banks on internal systems. The handbook is also an excellent text for academics teaching postgraduate courses on financial methodology.

The Equity Risk Premium A Contextual Literature Review

The Equity Risk Premium  A Contextual Literature Review
Author: Laurence B. Siegel
Publsiher: CFA Institute Research Foundation
Total Pages: 30
Release: 2017-12-08
Genre: Business & Economics
ISBN: 9781944960322

Download The Equity Risk Premium A Contextual Literature Review Book in PDF, Epub and Kindle

Research into the equity risk premium, often considered the most important number in finance, falls into three broad groupings. First, researchers have measured the margin by which equity total returns have exceeded fixed-income or cash returns over long historical periods and have projected this measure of the equity risk premium into the future. Second, the dividend discount model—or a variant of it, such as an earnings discount model—is used to estimate the future return on an equity index, and the fixed-income or cash yield is then subtracted to arrive at an equity risk premium expectation or forecast. Third, academics have used macroeconomic techniques to estimate what premium investors might rationally require for taking the risk of equities. Current thinking emphasizes the second, or dividend discount, approach and projects an equity risk premium centered on 3½% to 4%.

The Handbook of Equity Market Anomalies

The Handbook of Equity Market Anomalies
Author: Leonard Zacks
Publsiher: John Wiley & Sons
Total Pages: 352
Release: 2011-08-24
Genre: Business & Economics
ISBN: 9781118127766

Download The Handbook of Equity Market Anomalies Book in PDF, Epub and Kindle

Investment pioneer Len Zacks presents the latest academic research on how to beat the market using equity anomalies The Handbook of Equity Market Anomalies organizes and summarizes research carried out by hundreds of finance and accounting professors over the last twenty years to identify and measure equity market inefficiencies and provides self-directed individual investors with a framework for incorporating the results of this research into their own investment processes. Edited by Len Zacks, CEO of Zacks Investment Research, and written by leading professors who have performed groundbreaking research on specific anomalies, this book succinctly summarizes the most important anomalies that savvy investors have used for decades to beat the market. Some of the anomalies addressed include the accrual anomaly, net stock anomalies, fundamental anomalies, estimate revisions, changes in and levels of broker recommendations, earnings-per-share surprises, insider trading, price momentum and technical analysis, value and size anomalies, and several seasonal anomalies. This reliable resource also provides insights on how to best use the various anomalies in both market neutral and in long investor portfolios. A treasure trove of investment research and wisdom, the book will save you literally thousands of hours by distilling the essence of twenty years of academic research into eleven clear chapters and providing the framework and conviction to develop market-beating strategies. Strips the academic jargon from the research and highlights the actual returns generated by the anomalies, and documented in the academic literature Provides a theoretical framework within which to understand the concepts of risk adjusted returns and market inefficiencies Anomalies are selected by Len Zacks, a pioneer in the field of investing As the founder of Zacks Investment Research, Len Zacks pioneered the concept of the earnings-per-share surprise in 1982 and developed the Zacks Rank, one of the first anomaly-based stock selection tools. Today, his firm manages U.S. equities for individual and institutional investors and provides investment software and investment data to all types of investors. Now, with his new book, he shows you what it takes to build a quant process to outperform an index based on academically documented market inefficiencies and anomalies.

Financial Markets and the Real Economy

Financial Markets and the Real Economy
Author: John H. Cochrane
Publsiher: Now Publishers Inc
Total Pages: 117
Release: 2005
Genre: Business & Economics
ISBN: 9781933019154

Download Financial Markets and the Real Economy Book in PDF, Epub and Kindle

Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.

Rethinking the Equity Risk Premium

Rethinking the Equity Risk Premium
Author: P. Brett Hammond,Martin L. Leibowitz,Laurence B. Siegel
Publsiher: Unknown
Total Pages: 154
Release: 2011-12
Genre: Investments
ISBN: 1934667447

Download Rethinking the Equity Risk Premium Book in PDF, Epub and Kindle

Handbook of Financial Risk Management

Handbook of Financial Risk Management
Author: Thierry Roncalli
Publsiher: CRC Press
Total Pages: 987
Release: 2020-04-23
Genre: Business & Economics
ISBN: 9781351385220

Download Handbook of Financial Risk Management Book in PDF, Epub and Kindle

Developed over 20 years of teaching academic courses, the Handbook of Financial Risk Management can be divided into two main parts: risk management in the financial sector; and a discussion of the mathematical and statistical tools used in risk management. This comprehensive text offers readers the chance to develop a sound understanding of financial products and the mathematical models that drive them, exploring in detail where the risks are and how to manage them. Key Features: Written by an author with both theoretical and applied experience Ideal resource for students pursuing a master’s degree in finance who want to learn risk management Comprehensive coverage of the key topics in financial risk management Contains 114 exercises, with solutions provided online at www.crcpress.com/9781138501874