The historical equity risk premium in Australia: Post-GFC and 128years of data

Accounting and Finance

Volumn 52, Issue 1, 2012, Pages 237-247

  Brailsford, Tim ^a,b   Handley, John C ^c   Maheswaran, Krishnan ^d  

^a UNIVERSITY OF QUEENSLAND   (Australia)

^b BOND UNIVERSITY   (Australia)

^c UNIVERSITY OF MELBOURNE   (Australia)

^d MORGAN STANLEY   (United States)

Author keywords

CAPM; Cost of capital; Equity risk premium; G100; G110; G310; Valuation

Indexed keywords

EID: 84855913083     PISSN: 08105391     EISSN: 1467629X     Source Type: Journal    
DOI: 10.1111/j.1467-629X.2011.00435.x     Document Type: Article

References (7)

1. Australian Bureau of Statistics, 2011, Consumer Price Index: December Quarter 2010, Catalogue No. 6461.0, Commonwealth of Australia, 25 January.
2. Australian Office of Financial Management, 2009, Arrangements for the Recommencement of Treasury Note Issuance, Operational Notice No. 5/2009, 26 February.
3. Australian Taxation Office, 2011, Company tax and imputation: average franking credit and rebate yields, Available at, accessed 30 May 2011.
4. Brailsford, T. J., J. C. Handley, and K. Maheswaran, 2008, Re-examination of the historical equity risk premium in Australia, Accounting and Finance, 48, 73-97.
5. Dimson, E., P. R. Marsh, and M. Staunton 2002, Triumph of the Optimists: 101years of Global Investment Returns (Princeton University Press, Princeton NJ).
6. Reserve Bank of Australia, 2011a, Table F1 interest rates and yields - money market - daily, Available at, accessed 30 May 2011.
7. Reserve Bank of Australia, 2011b, Table F2 capital market yields - government bonds - daily, Available at, accessed 30 May 2011.