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Risk Premium in Chile
Currently, there is no agreed method to estimate the Risk Premium accurately, therefore, different authors arrive at significantly different results when calculating the risk premium for a given country or industry. This work estimates the risk premium of the Chilean stock market (PRM) for the perio...
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| Publicado no: | Revista Finanzas y Política Económica |
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| Main Authors: | , , |
| Formato: | Artigo |
| Publicado em: |
Universidad Católica de Colombia
2021-09-01
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| Acesso em linha: | https://revfinypolecon.ucatolica.edu.co/article/view/3977 |
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| Resumo: | Currently, there is no agreed method to estimate the Risk Premium accurately, therefore, different authors arrive at significantly different results when calculating the risk premium for a given country or industry. This work estimates the risk premium of the Chilean stock market (PRM) for the period 1993-2020 using different estimation methodologies (Differential Returns, Implicit Return in Current Stock Prices). The results indicate, depending on the methodology used, a Premium for Risk that ranges between 1.91% and 10.28%, which shows the existence of a positive premium for assuming risk in Chile that is around 5.3%. |
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| ISSN: | 2248-6046 2011-7663 |