The Equity Risk Premium : Essays and Explorations.
William N. Goetzmann
Bok Engelsk 2006 · Electronic books.
| Omfang | 1 online resource (568 pages)
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| Opplysninger | Intro -- Contents -- Contributors -- Introduction: Opening Remarks and Motivation -- Part I: The Lessons of History -- 1 History and the Equity Risk Premium -- 2 Stocks, Bonds, Bills, and Inflation: Year-by-Year Historical Returns (1926-1974) -- 3 A New Historical Database for the NYSE 1815 to 1925: Performance and Predictability -- 4 The United States Market Wealth Portfolio -- 5 World Wealth: U.S. and Foreign Market Values and Returns -- Part II: Demand, Supply, and Building Block Forecasting Methods -- 6 How to Forecast Long-Run Asset Returns -- 7 The Demand for Capital Market Returns: A New Equilibrium Theory -- 8 The Supply of Capital Market Returns -- 9 Building the Future from the Past -- 10 Long-Run Stock Returns: Participating in the Real Economy -- Part III: Simulating and Forecasting -- 11 Stocks, Bonds, Bills, and Inflation: Simulations of the Future (1976-2000) -- 12 Predictions of the Past and Forecasts for the Future: 1976-2025 -- 13 Short-Horizon Inputs and Long-Horizon Portfolio Choice -- Part IV: Survivorship and Selection Bias -- 14 Survival -- 15 Survivorship Bias in Performance Studies -- 16 Global Stock Markets in the 20th Century -- 17 Re-Emerging Markets -- Part V: Predicting Variations -- 18 The Dow Theory: William Peter Hamilton's Track Record Reconsidered -- 19 Patterns in Three Centuries of Stock Market Prices -- 20 Bootstrapping Tests of Long-Term Stock Market Efficiency -- 21 Testing the Predictive Power of Dividend Yields -- 22 A Longer Look at Dividend Yields -- 23 Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance? -- Suggested Readings -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W -- Y -- Z.. - This book aims to create a strong understanding of the empirical basis for the equity risk premium. Through the research and analysis 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.
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| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 9780198033776
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