The Equity Premium Puzzle, Ambiguity Aversion, and Institutional Quality /
With cross-section data from 53 emerging and mature markets, we provide evidence that equity premium puzzle is a global phenomenon. In addition to risk aversion, equity premium may reflect ambiguity aversion. We explore the sources of equity premium using some pertinent fundamental independent varia...
| প্রধান লেখক: | |
|---|---|
| অন্যান্য লেখক: | |
| বিন্যাস: | পত্রিকা |
| ভাষা: | English |
| প্রকাশিত: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| মালা: | IMF Working Papers; Working Paper ;
No. 2007/230 |
| অনলাইন ব্যবহার করুন: | Full text available on IMF |