메뉴 건너뛰기




Volumn 56, Issue 2, 2000, Pages 96-113

Stocks versus Bonds: Explaining the Equity Risk Premium

(1)  Asness, Clifford S a  

a NONE

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0344064173     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v56.n2.2347     Document Type: Article
Times cited : (74)

References (33)
  • 1
    • 0000571641 scopus 로고
    • Cash Distributions to Shareholders
    • Summer
    • Bagwell, Laurie Simon, and John B. Shoven. 1989. "Cash Distributions to Shareholders." Journal of Economic Perspectives, vol. 3, no. 3 (Summer):129-140.
    • (1989) Journal of Economic Perspectives , vol.3 , Issue.3 , pp. 129-140
    • Bagwell, L.S.1    Shoven, J.B.2
  • 3
    • 85037470607 scopus 로고    scopus 로고
    • Are Stocks the Best Place to Be in the Long Run? a Contrary Opinion
    • Summer
    • _. 1996. "Are Stocks the Best Place to Be in the Long Run? A Contrary Opinion." Journal of Investing, vol. 5, no. 2 (Summer):6-9.
    • (1996) Journal of Investing , vol.5 , Issue.2 , pp. 6-9
  • 5
    • 0009079180 scopus 로고
    • Investing in the 1990s: Occam's Razor Revisited
    • Fall
    • Bogle, John C. 1991. "Investing in the 1990s: Occam's Razor Revisited." Journal of Portfolio Management, vol. 18, no. 1 (Fall):88-91.
    • (1991) Journal of Portfolio Management , vol.18 , Issue.1 , pp. 88-91
    • Bogle, J.C.1
  • 6
    • 21844519389 scopus 로고
    • The 1990s at the Halfway Mark
    • Summer
    • _. 1995. "The 1990s at the Halfway Mark." Journal of Portfolio Management, vol. 21, no. 4 (Summer):21-31.
    • (1995) Journal of Portfolio Management , vol.21 , Issue.4 , pp. 21-31
  • 7
    • 84986837751 scopus 로고
    • The Statistics of Long-Horizon Regressions Revisited
    • April
    • Boudoukh, Jacob, and Matthew Richardson. 1994. "The Statistics of Long-Horizon Regressions Revisited." Mathematical Finance, vol. 4, no. 2 (April):103-119.
    • (1994) Mathematical Finance , vol.4 , Issue.2 , pp. 103-119
    • Boudoukh, J.1    Richardson, M.2
  • 8
    • 0040250342 scopus 로고    scopus 로고
    • Valuation Ratios and the Long-Run Stock Market Outlook
    • Winter
    • Campbell, John Y., and Robert J. Shiller. 1998. "Valuation Ratios and the Long-Run Stock Market Outlook." Journal of Portfolio Management, vol. 24, no. 2 (Winter):11-26.
    • (1998) Journal of Portfolio Management , vol.24 , Issue.2 , pp. 11-26
    • Campbell, J.Y.1    Shiller, R.J.2
  • 9
    • 84977717068 scopus 로고
    • Stock Prices, Earnings, and Expected Dividends
    • July
    • _. 1988. "Stock Prices, Earnings, and Expected Dividends." Journal of Finance, vol. 43, no. 3 (July): 661-676.
    • (1988) Journal of Finance , vol.43 , Issue.3 , pp. 661-676
  • 10
    • 0010122888 scopus 로고    scopus 로고
    • Stock Market Valuation Indicators: Is This Time Different?
    • May/June
    • Cole, Kevin, Jean Helwege, and David Laster. 1996. "Stock Market Valuation Indicators: Is This Time Different?" Financial Analysts Journal, vol. 52, no. 3 (May/June):56-64.
    • (1996) Financial Analysts Journal , vol.52 , Issue.3 , pp. 56-64
    • Cole, K.1    Helwege, J.2    Laster, D.3
  • 12
    • 0002056097 scopus 로고
    • Dividend Yields and Expected Stock Returns
    • October
    • Fama, Eugene F., and Kenneth R. French. 1988. "Dividend Yields and Expected Stock Returns." Journal of Financial Economics, vol. 22, no. 1 (October):3-26.
    • (1988) Journal of Financial Economics , vol.22 , Issue.1 , pp. 3-26
    • Fama, E.F.1    French, K.R.2
  • 13
    • 34250890715 scopus 로고
    • Business Conditions and Expected Returns on Stocks and Bonds
    • July
    • _. 1989. "Business Conditions and Expected Returns on Stocks and Bonds." Journal of Financial Economics, vol. 25, no. 1 (July):23-50.
    • (1989) Journal of Financial Economics , vol.25 , Issue.1 , pp. 23-50
  • 16
    • 84993843443 scopus 로고
    • Testing the Predictive Power of Dividend Yields
    • June
    • Goetzmann, William N., and Philippe Jorion. 1993. "Testing the Predictive Power of Dividend Yields." Journal of Finance, vol. 48, no. 2 (June):663-679.
    • (1993) Journal of Finance , vol.48 , Issue.2 , pp. 663-679
    • Goetzmann, W.N.1    Jorion, P.2
  • 17
    • 0040305173 scopus 로고    scopus 로고
    • Working paper. University of California at Los Angeles
    • Goyal, Amit, and Ivo Welch. 1999. "Predicting the Equity Premium." Working paper. University of California at Los Angeles.
    • (1999) Predicting the Equity Premium
    • Goyal, A.1    Welch, I.2
  • 18
  • 19
    • 84993913346 scopus 로고
    • Time-Varying Expected Returns in International Bond Markets
    • June
    • Ilmanen, Antti. 1995. "Time-Varying Expected Returns in International Bond Markets." Journal of Finance, vol. 50, no. 2 (June):481-506.
    • (1995) Journal of Finance , vol.50 , Issue.2 , pp. 481-506
    • Ilmanen, A.1
  • 20
    • 0002683447 scopus 로고    scopus 로고
    • The P/E Multiple and Market Volatility
    • July/August
    • Kane, Alex, Alan J. Marcus, and Jaesun Noh. 1996. "The P/E Multiple and Market Volatility." Financial Analysts Journal, vol. 52, no. 4 (July/August):16-24.
    • (1996) Financial Analysts Journal , vol.52 , Issue.4 , pp. 16-24
    • Kane, A.1    Marcus, A.J.2    Noh, J.3
  • 21
    • 0031475554 scopus 로고    scopus 로고
    • Testing the Predictable Variation in Stock and Bond Returns
    • Fall
    • Kirby, Chris. 1997. "Testing the Predictable Variation in Stock and Bond Returns." Review of Financial Studies, vol. 10, no. 3 (Fall):579-630.
    • (1997) Review of Financial Studies , vol.10 , Issue.3 , pp. 579-630
    • Kirby, C.1
  • 22
    • 0031165563 scopus 로고    scopus 로고
    • Earnings Forecasts and the Predictability of Stock Returns: Evidence from Trading the S&P
    • Summer
    • Lander, Joel, Athanasios Orphanides, and Martha Douvogiannis. 1997. "Earnings Forecasts and the Predictability of Stock Returns: Evidence from Trading the S&P." Journal of Portfolio Management, vol. 23, no. 4 (Summer):24-35.
    • (1997) Journal of Portfolio Management , vol.23 , Issue.4 , pp. 24-35
    • Lander, J.1    Orphanides, A.2    Douvogiannis, M.3
  • 23
    • 0002744905 scopus 로고
    • Distribution of Incomes of Corporations among Dividends, Retained Earnings, and Taxes
    • Lintner, John. 1956. "Distribution of Incomes of Corporations among Dividends, Retained Earnings, and Taxes." American Economic Review, vol. 46:97-113.
    • (1956) American Economic Review , vol.46 , pp. 97-113
    • Lintner, J.1
  • 24
    • 85025724501 scopus 로고
    • On Estimating the Expected Return on the Market
    • June
    • Merton, R.C. 1980. "On Estimating the Expected Return on the Market." Journal of Financial Economics, vol. 8, no. 4 (June):323-361.
    • (1980) Journal of Financial Economics , vol.8 , Issue.4 , pp. 323-361
    • Merton, R.C.1
  • 25
    • 0002962533 scopus 로고
    • Inflation, Rational Valuation, and the Market
    • March/April
    • Modigliani, F., and R. Cohn. 1979. "Inflation, Rational Valuation, and the Market." Financial Analysts Journal, vol. 35, no. 2 (March/April):24-44.
    • (1979) Financial Analysts Journal , vol.35 , Issue.2 , pp. 24-44
    • Modigliani, F.1    Cohn, R.2
  • 27
    • 0000441798 scopus 로고
    • The Persistence of Volatility and Stock Market Fluctuations
    • December
    • Poterba, James M., and Lawrence H. Summers. 1986. "The Persistence of Volatility and Stock Market Fluctuations." American Economic Review, vol. 76, no. 5 (December):1142-51.
    • (1986) American Economic Review , vol.76 , Issue.5 , pp. 1142-1151
    • Poterba, J.M.1    Summers, L.H.2
  • 28
    • 0002016470 scopus 로고
    • The Long-Term Case for Equities and How It Can Be Oversold
    • Fall
    • Samuelson, Paul A. 1994. "The Long-Term Case for Equities and How It Can Be Oversold." Journal of Portfolio Management, vol. 21, no. 1 (Fall):15-26.
    • (1994) Journal of Portfolio Management , vol.21 , Issue.1 , pp. 15-26
    • Samuelson, P.A.1
  • 29
    • 84977707955 scopus 로고
    • Why Does Stock Market Volatility Change over Time?
    • December
    • Schwert, G. William. 1989. "Why Does Stock Market Volatility Change over Time?" Journal of Finance, vol. 44, no. 5 (December):1115-54.
    • (1989) Journal of Finance , vol.44 , Issue.5 , pp. 1115-1154
    • Schwert, G.W.1
  • 30
    • 0004185654 scopus 로고
    • Boston, MA: Massachusetts Institute of Technology Press
    • Shiller, Robert J. 1989. Market Volatility. Boston, MA: Massachusetts Institute of Technology Press.
    • (1989) Market Volatility
    • Shiller, R.J.1
  • 32
    • 0347955288 scopus 로고
    • The Risk Premium and Stock Market Performance
    • Summer
    • Sorensen, Eric H., and Robert D. Arnott. 1988. "The Risk Premium and Stock Market Performance." Journal of Portfolio Management, vol. 14, no. 4 (Summer):50-55.
    • (1988) Journal of Portfolio Management , vol.14 , Issue.4 , pp. 50-55
    • Sorensen, E.H.1    Arnott, R.D.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.