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 empiri
In 2001, a small group of academics and practitioners met to discuss the equity risk premium (ERP). Ten years later, in 2011, a similar discussion took place, w
What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The au
Research into the equity risk premium, often considered the most important number in finance, falls into three broad groupings. First, researchers have measured
An accessible, and intuitive, guide to stock valuation Valuation is at the heart of any investment decision, whether that decision is to buy, sell, or hold. In