Riskpremien, vad ska man tro? : En studie med facit i hand
The market risk premium is one of the most important parameters in finance. Its value and the ways to calculate a risk premium for the market is a widely debated subject. This thesis examines numerous ways of calculating a risk premium for the Swedish market with regard to how good an estimation the...
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Södertörns högskola, Institutionen för ekonomi och företagande
2005
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ndltd-UPSALLA1-oai-DiVA.org-sh-1492013-01-08T13:12:08ZRiskpremien, vad ska man tro? : En studie med facit i handsweLindén, MarkusSärnblom, StellanSödertörns högskola, Institutionen för ekonomi och företagandeSödertörns högskola, Institutionen för ekonomi och företagandeHuddinge : Institutionen för ekonomi och företagande2005Business studiesriskrisk premiumequity risk premiummarket risk premiumCAPMrisk premium ex postrisk premium ex anteimplied risk premiumforward looking risk premiumSwedish risk premiumFöretagsekonomiriskriskpremiehistorisk riskpremieframåtblickande riskpremieBusiness studiesFöretagsekonomiThe market risk premium is one of the most important parameters in finance. Its value and the ways to calculate a risk premium for the market is a widely debated subject. This thesis examines numerous ways of calculating a risk premium for the Swedish market with regard to how good an estimation they make of a real risk premium. Estimations based on historical periods ranging from 20 to 85 years is calculated as well as a premium based on forward-looking estimates. The real risk premium is solved out for a selection of companies and an index with the help of CAPM. An examination of these estimates leads to the conclusion that historical estimates of a risk premium may be outdated. The implication of this is that more effort should be put into examining a risk premium based on forward-looking estimates. In this context a thorough analysis of fundamentals should be added into the calculation. Student thesisinfo:eu-repo/semantics/bachelorThesistexthttp://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-149application/pdfinfo:eu-repo/semantics/openAccess |
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Swedish |
format |
Others
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Business studies risk risk premium equity risk premium market risk premium CAPM risk premium ex post risk premium ex ante implied risk premium forward looking risk premium Swedish risk premium Företagsekonomi risk riskpremie historisk riskpremie framåtblickande riskpremie Business studies Företagsekonomi |
spellingShingle |
Business studies risk risk premium equity risk premium market risk premium CAPM risk premium ex post risk premium ex ante implied risk premium forward looking risk premium Swedish risk premium Företagsekonomi risk riskpremie historisk riskpremie framåtblickande riskpremie Business studies Företagsekonomi Lindén, Markus Särnblom, Stellan Riskpremien, vad ska man tro? : En studie med facit i hand |
description |
The market risk premium is one of the most important parameters in finance. Its value and the ways to calculate a risk premium for the market is a widely debated subject. This thesis examines numerous ways of calculating a risk premium for the Swedish market with regard to how good an estimation they make of a real risk premium. Estimations based on historical periods ranging from 20 to 85 years is calculated as well as a premium based on forward-looking estimates. The real risk premium is solved out for a selection of companies and an index with the help of CAPM. An examination of these estimates leads to the conclusion that historical estimates of a risk premium may be outdated. The implication of this is that more effort should be put into examining a risk premium based on forward-looking estimates. In this context a thorough analysis of fundamentals should be added into the calculation. |
author |
Lindén, Markus Särnblom, Stellan |
author_facet |
Lindén, Markus Särnblom, Stellan |
author_sort |
Lindén, Markus |
title |
Riskpremien, vad ska man tro? : En studie med facit i hand |
title_short |
Riskpremien, vad ska man tro? : En studie med facit i hand |
title_full |
Riskpremien, vad ska man tro? : En studie med facit i hand |
title_fullStr |
Riskpremien, vad ska man tro? : En studie med facit i hand |
title_full_unstemmed |
Riskpremien, vad ska man tro? : En studie med facit i hand |
title_sort |
riskpremien, vad ska man tro? : en studie med facit i hand |
publisher |
Södertörns högskola, Institutionen för ekonomi och företagande |
publishDate |
2005 |
url |
http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-149 |
work_keys_str_mv |
AT lindenmarkus riskpremienvadskamantroenstudiemedfacitihand AT sarnblomstellan riskpremienvadskamantroenstudiemedfacitihand |
_version_ |
1716511678997200896 |