Cornell
Equity Risk Premium
- ISBN 13:
- 9780471327356
- author:
- Cornell
- format:
- HardBack
- publisher:
- John Wiley & Sons
- language:
- English
- Publication Year:
- 1999
- Pages:
- 240
- Genre:
- Finance Textbook
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The Equity Risk Premium: A New Basis for Asset Allocation Choices By Bradford Cornell, John Wiley & Sons Understanding the equity risk premium has long been a complex task. This book provides an authoritative explanation of the concept and how it works in practice. Bradford Cornell presents a step-by-step guide to making informed asset allocation decisions. Cornell examines the historical data used to estimate future stock market performance, including the relationship between stock returns and risk premium, survival bias, and long-horizon stock and bond returns. He also analyzes forward-looking estimates of the equity risk premium through various competing approaches, assessing their relative merits. By exploring these topics, Cornell sheds new light on whether stock prices are high or low, whether the stock market has changed, and what this might mean for investors.
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