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• W3121616948 abstract "Finance theory restricts the time-series behaviour of valuation ratios and links the cross-section of stock prices to the level of the equity premium. This can be used to strengthen the evidence for predictability in stock returns. Steady-state valuation models are useful predictors of stock returns, given the persistence in valuation ratios. A steady-state approach suggests that the world geometric average equity premium fell considerably in the late twentieth century, rose modestly in the early years of the twenty-first century, and was almost 4% at the end of March 2007." @default.
• W3121616948 created "2021-02-01" @default.
• W3121616948 creator A5061556123 @default.
• W3121616948 date "2007-09-01" @default.
• W3121616948 modified "2023-10-14" @default.
• W3121616948 title "Estimating the Equity Premium" @default.
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• W3121616948 doi "https://doi.org/10.3386/w13423" @default.
• W3121616948 hasPublicationYear "2007" @default.
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