A New Look At The Equity Premium A Survey Of Collegiate Financial Faculty

Author : Thomas Kochanek,Jeremy Alexander
Publisher : Unknown
Page : 30 pages
File Size : 55,7 Mb
Release : 2016-05-12
Category : Electronic
ISBN : 3668215170

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A New Look at the Equity Premium. A Survey of Collegiate Financial Faculty by Thomas Kochanek,Jeremy Alexander Pdf

Scientific Essay from the year 2007 in the subject Business economics - Miscellaneous, grade: A, Western Illinois University, language: English, abstract: This paper deals with the difference of potential returns of diverse assets within a long-term period. Recent articles investigated an unexplainable abnormality of long term returns of stocks in comparison to risk-free securities even if stocks were risk- adjusted. This phenomenon is called the Equity Premium Puzzle. With this paper we want to investigate how current investors make use of the disclosures of these papers. Since one assumption of capital markets is that any information is available to any investor in the world, any investor who invests on a long term basis would act irrational if she invests within the bond market, while she could earn a lot more money in the stock market. Furthermore this fact of the existence of not rational acting investors might show that capital markets are not that efficient as expected or information among investors are not shared sufficiently through markets as an earlier study showed. In our study we created a questionnaire of about 22 questions. All questions which were applied were held superficially, so that the respondent had no clue which goal we were looking for with that survey. We distributed our questionnaire to all available investors of all different ages. However we tried to focus on those investors with a long time investment horizon, such as students, pupils or early workers in the end 20's or less. Since the Equity Premium Puzzle is not only a national issue, we did our survey not only in the United States of America but also in Germany.

Author : Tarik Akin,Abbas Mirakhor
Publisher : Walter de Gruyter GmbH & Co KG
Page : 216 pages
File Size : 46,9 Mb
Release : 2019-03-04
Category : Business & Economics
ISBN : 9783110586664

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Wealth Inequality, Asset Redistribution and Risk-Sharing Islamic Finance by Tarik Akin,Abbas Mirakhor Pdf

Wealth inequality has been not only rising at unsustainable pace but also dissociated from income inequality because of the fact that wealth is increasing without concomitant increase in savings and productive capital. Compelling evidence indicates that capital gains and other economic rents are mainly responsible for wealth inequality and its divergence from income inequality. The main argument of the book is that interest-based debt contracts are one of the drivers of wealth inequality through creating disproportional economic rents for the asset-rich. The book also introduces the idea of risk-sharing asset-based redistribution, which is a novel and viable policy proposal, as an effective redistribution tool to address the wealth inequality problem. Furthermore, a large-scale stock-flow consistent macroeconomic model, which is step by step constructed in the book, sheds light on the formation of wealth inequality in a debt-based economy and on the prospective benefits of implementing risk-sharing asset-based redistribution policy tools compared to traditional redistribution policy options. The research presented in this book is novel in many respects and first of its kind in the Islamic economics and finance literature.

Author : Anonim
Publisher : Unknown
Page : 740 pages
File Size : 48,6 Mb
Release : 1994
Category : Education
ISBN : PSU:000068697648

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Resources in Education by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 844 pages
File Size : 52,8 Mb
Release : 1859
Category : Art
ISBN : UIUC:30112072191742

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The Saturday Review of Politics, Literature, Science, Art, and Finance by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 1016 pages
File Size : 55,7 Mb
Release : 1985
Category : Statistics
ISBN : UOM:39015050671745

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Statistical Reference Index by Anonim Pdf

Author : Thomas Meyer,Pierre-Yves Mathonet
Publisher : John Wiley & Sons
Page : 405 pages
File Size : 49,5 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9780470011980

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Beyond the J Curve by Thomas Meyer,Pierre-Yves Mathonet Pdf

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.

Author : City of London College of Economics
Publisher : City of London College of Economics
Page : 783 pages
File Size : 53,6 Mb
Release : 2024-06-29
Category : Education
ISBN : 8210379456XXX

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Investment Consultant Diploma - City of London College of Economics - 6 months - 100% online / self-paced by City of London College of Economics Pdf

Overview This diploma course will teach you everything you need to know to become a successful investment consultant. Upon completion you will be able to work for financial companies or freelance. Content - Financial Instruments - Mutual Funds and Other Investment Companies - Capital Asset Pricing and Arbitrage Pricing Theory - Managing Bond Portfolios - Financial Statement Analysis - Derivative Markets etc. Duration 6 months Assessment The assessment will take place on the basis of one assignment at the end of the course. Tell us when you feel ready to take the exam and we’ll send you the assignment questions. Study material The study material will be provided in separate files by email / download link.

Author : Robert A. Meyers
Publisher : Springer Science & Business Media
Page : 919 pages
File Size : 41,6 Mb
Release : 2010-11-03
Category : Business & Economics
ISBN : 9781441977007

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Complex Systems in Finance and Econometrics by Robert A. Meyers Pdf

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.

Author : Jason Brennan,Phillip Magness
Publisher : Oxford University Press
Page : 272 pages
File Size : 54,8 Mb
Release : 2019-04-01
Category : Education
ISBN : 9780190846305

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Cracks in the Ivory Tower by Jason Brennan,Phillip Magness Pdf

Academics extol high-minded ideals, such as serving the common good and promoting social justice. Universities aim to be centers of learning that find the best and brightest students, treat them fairly, and equip them with the knowledge they need to lead better lives. But as Jason Brennan and Phillip Magness show in Cracks in the Ivory Tower, American universities fall far short of this ideal. At almost every level, they find that students, professors, and administrators are guided by self-interest rather than ethical concerns. College bureaucratic structures also often incentivize and reward bad behavior, while disincentivizing and even punishing good behavior. Most students, faculty, and administrators are out to serve themselves and pass their costs onto others. The problems are deep and pervasive: most academic marketing and advertising is semi-fraudulent. To justify their own pay raises and higher budgets, administrators hire expensive and unnecessary staff. Faculty exploit students for tuition dollars through gen-ed requirements. Students hardly learn anything and cheating is pervasive. At every level, academics disguise their pursuit of self-interest with high-faluting moral language. Marshaling an array of data, Brennan and Magness expose many of the ethical failings of academia and in turn reshape our understanding of how such high power institutions run their business. Everyone knows academia is dysfunctional. Brennan and Magness show the problems are worse than anyone realized. Academics have only themselves to blame.

Author : OECD
Publisher : OECD Publishing
Page : 156 pages
File Size : 51,6 Mb
Release : 2017-07-24
Category : Electronic
ISBN : 9789264279148

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OECD Economic Surveys: South Africa 2017 by OECD Pdf

Over the last two decades, South Africa has accomplished enormous social progress by bringing to millions of citizens access to key public services. Nevertheless, growth has trended down markedly recently due to constraints on the supply side. Low growth has led to the stagnation of GDP per ...

Author : Laurence B. Siegel
Publisher : CFA Institute Research Foundation
Page : 30 pages
File Size : 45,7 Mb
Release : 2017-12-08
Category : Business & Economics
ISBN : 9781944960322

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The Equity Risk Premium: A Contextual Literature Review by Laurence B. Siegel Pdf

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%.

Author : Steven Brint
Publisher : Princeton University Press
Page : 504 pages
File Size : 45,9 Mb
Release : 2019-01-08
Category : Education
ISBN : 9780691184890

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Two Cheers for Higher Education by Steven Brint Pdf

A leading expert challenges the prevailing gloomy outlook on higher education with solid evidence of its successes Crushing student debt, rapidly eroding state funding, faculty embroiled in speech controversies, a higher-education market disrupted by online competition—today’s headlines suggest that universities’ power to advance knowledge and shape American society is rapidly declining. But Steven Brint, a renowned analyst of academic institutions, has tracked numerous trends demonstrating their vitality. After a recent period that witnessed soaring student enrollment and ample research funding, universities, he argues, are in a better position than ever before. Focusing on the years 1980–2015, Brint details the trajectory of American universities, which was influenced by evolving standards of disciplinary professionalism, market-driven partnerships (especially with scientific and technological innovators outside the academy), and the goal of social inclusion. Conflicts arose: academic entrepreneurs, for example, flouted their campus responsibilities, and departments faced backlash over the hiring of scholars with nontraditional research agendas. Nevertheless, educators’ commitments to technological innovation and social diversity prevailed and created a new dynamism. Brint documents these successes along with the challenges that result from rapid change. Today, knowledge-driven industries generate almost half of U.S. GDP, but divisions by educational level split the American political order. Students flock increasingly to fields connected to the power centers of American life and steer away from the liberal arts. And opportunities for economic mobility are expanding even as academic expectations decline. In describing how universities can meet such challenges head on, especially in improving classroom learning, Brint offers not only a clear-eyed perspective on the current state of American higher education but also a pragmatically optimistic vision for the future.

Author : Bruno Biais,Marco Pagano
Publisher : Oxford University Press, USA
Page : 388 pages
File Size : 43,8 Mb
Release : 2001
Category : Business & Economics
ISBN : 0199243212

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New Research in Financial Markets by Bruno Biais,Marco Pagano Pdf

This text reflects research by European scholars into financial economics. Topics include asset pricing in perfect markets, take-over bids, and the interplay between banks and financial markets.

Author : American Assembly of Collegiate Schools of Business
Publisher : Unknown
Page : 662 pages
File Size : 51,8 Mb
Release : 1976
Category : Business teachers
ISBN : UOM:35128000010890

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Faculty Personnel by American Assembly of Collegiate Schools of Business Pdf

Author : Eric Girardin,Zhenya Liu
Publisher : Springer Nature
Page : 125 pages
File Size : 43,5 Mb
Release : 2019-09-13
Category : Business & Economics
ISBN : 9783030171230

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Demystifying China’s Stock Market by Eric Girardin,Zhenya Liu Pdf

Mainstream research has rationalized China’s stock market on the basis of paradigms such as the institutional approach, the efficient market hypothesis, and corporate valuation principles. The deviations from such paradigms have been analyzed as puzzles of China’s stock market. Girardin and Liu explore to what extent, in the perspective of Chinese cultural and historical characteristics, far from being puzzles, these 'deviations’ are rather the symptoms of a consistent strategy for the design, development and regulation of a government-dominated financial system. This book will help investors, observers and researchers understand the hidden logic of the design and functioning of China’s modern stock market, taking a political economy view.