Views of Financial Economists on the Equity Premium and on Professional Controversies
By Ivo Welch. 2000
393 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/cb739849e43e9202a3b3e00c891e53bb8635d251
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Jonathan Zinman
- M. Staunton
- Roni Michaely
- M. Statman
- P. Marsh
- Jason Karceski
- Peng Chen
- Victor Stango
In Finance
- Louis K. C. Chan
- Josef Lakonishok
- Jason Karceski
- Alon Brav
- Jonathan Zinman
- Reuven Lehavy
- Roni Michaely
- M. Staunton
Citations in the corpus
- Initial Public Offerings: An Analysis of Theory and Practice (2006, neutral): “Only Pagano, Panetta, and Zingales (1998) directly test for factors that contribute to a firm’s decision to go public by using a proprietary database of private Italian firms and comparing it to public Italian firms.”
- What Risk Premium Is “Normal”? (2002, neutral): “In a recent study by Welch (2000), 236 financial economists projected, on average, a 7.2 percent risk premium for stocks relative to T-bills over the next 30 years.”
- Economic Growth and Equity Returns (2005, neutral): “This article also argues that past equity returns are irrelevant for predicting future equity returns, a point that is far from new, even if it has still not sunk in on most finance professors (see Welch (2000)).”
- Using Expectations to Test Asset Pricing Models (2005, methodology): “Examining the impact of information surprises on bond pricing, Elton (1999) uses information from a survey by the Money Market Survey, and Welch (2000) uses a survey of 226 academics to estimate the expected market risk premium.”
- Forecasting Stock Market Returns: The Sum of the Parts is More than the Whole (2011, neutral): “…pre- 3Alternatives to predictive regressions based on Bayesian methods, latent variables, analyst forecasts, and surveys have been suggested by several authors, including Welch (2000), Claus and Thomas (2001), Brandt and Kang (2004), Pastor and Stambaugh (2008), and Binsbergen and Koijen (2008).”
- The Level and Persistence of Growth Rates (2003, background): “Welch (2000) reports that financial economists’ consensus expected return is considerably higher.”