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Estimating the Equity Risk Premium for Economies in the Asian Region

Cohen, Michael Brian (2009) Estimating the Equity Risk Premium for Economies in the Asian Region. Asian Journal of Finance and Accounting, 1 (1). pp. 23-33. ISSN 1946-052x

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Abstract

The Equity Risk Premium (ERP) is widely used in economic and financial analysis, yet it is difficult to find empirical estimates of the ERP that are generally accepted. The paucity of data in Asian economies exacerbates the problems of estimation. This study estimates the ERP for the larger market-orientated Asian economies and compares the estimates with those of the United States. Surprisingly, of the seven economies examined, the ERP of four cannot be statistically differentiated from that of the United States.

Item Type: Article
Uncontrolled Keywords: ResPubID17382. Equity Risk Premium, ERP, Asian economies, Asian region, United States, American
Subjects: Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1502 Banking, Finance and Investment
SEO Classification > 970114 Expanding Knowledge in Economics
Depositing User: VUIR
Date Deposited: 12 Oct 2011 04:20
Last Modified: 12 Oct 2011 04:20
URI: http://vuir.vu.edu.au/id/eprint/4226
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