The Equity Risk Premium is Lower Than You Think It Is: Empirical Estimates From a New Approach

The equity premium: A puzzle

1985 • 5,686 citations

Disclosure level and the cost of equity capital

1997 • 3,499 citations

The Theory and Measurement of Business Income

1961 • 990 citations

The Investment, Financing, and Valuation of the Corporation

1963 • 983 citations

The Equity Premium: It's Still a Puzzle

1996 • 882 citations

The Theory of Investment Value, by John Burr Williams

1939 • 667 citations

The Equity Premium: It's Still a Puzzle

1995 • 608 citations

The Investment, Financing, and Valuation of the Corporation.

1963 • 470 citations

SOME FORMAL CONNECTIONS BETWEEN ECONOMIC VALUES AND YIELDS AND ACCOUNTING NUMBERS

1982 • 470 citations

Annual Survey of Economic Theory: The Theory of Depreciation

1938 • 348 citations

Survival

1995 • 291 citations

The Equity Premium: Stock and Bond Returns Since 1802

1992 • 191 citations

Where is the Market Going? Uncertain Facts and Novel Theories

1998 • 187 citations

Estimating Expected Return

1995 • 146 citations

The Capital Formation Problem in the United States

1979 • 124 citations

Estimating Expected Return

1993 • 110 citations

Accounting Diversity and International Valuation

1996 • 87 citations

Accounting Valuation, Market Expectation, and the Book-to-Market Effect

1998 • 65 citations

Conservative Accounting and Equity Valuation

2000 • 64 citations

Estimating Shareholder Risk Premia Using Analysts' Growth Forecasts

1992 • 63 citations

In Search of France. By <italic>Stanley Hoffmann et al.</italic>. [Center for International Affairs, Harvard University.] (Cambridge, Mass.: Harvard University Press. 1963. Pp. xiii, 443. $8.95.) and Promotion and Control of Industry in Postwar France. By John Sheahan. (Cambridge, Mass.: Harvard University Press. 1963. Pp. xiii, 301. $5.95.)

1963 • 43 citations

The Risk Premium Approach to Measuring a Utility's Cost of Equity

1985 • 41 citations

Measuring Equity Premium Using Earnings Forecasts: An International Analysis

1999 • 7 citations