Author(s): William N. Goetzmann (Author), Roger G. Ibbotson (Author)
Publisher: OUP USA
Publication Date: 14 Dec. 2006
Language: English
Print length: 568 pages
ISBN-10: 0195148142
ISBN-13: 9780195148145
Book Description
This book aims to create a strong understanding of the empirical basis for the equity risk premium. Through the research and anaylsis of two scholars who are experts in this field, this volume presents the key issues that are paramount to investors, including whether or not to use historical data as a method of equity investing, and can the equity premium reflect changes in fundamental values and cash flows of the market.
Editorial Reviews
Review
William Goetzmann and Roger Ibbotson have produced a searching and comprehensive analysis of how history reveals the forces that shape risk and return in the stock market. But HURRAH! their work is also eminently readable. All investors, economic historians, and financial academics should read this book–and hurry up about it. ― Peter L. Bernstein, Publisher of Economics and Portfolio Strategy and Consulting Editor of The Journal of Portfolio Management
Book Description
What can two dozen years of stock market research tell us about its performance through history? Is history a reliable guide to predict future returns? In this book, two eminent scholars in the field provide a new understanding of the empirical basis for the equity risk premium.
About the Author
Robert Ibbotson is a member of the Yale School of Finance Faculty since 1986. He is Chairman and Founder of Ibbotson Assocaites in Chicago and New York, which provides consulting services, software, data and financial publishing for financial institutions and investment advisors. Professor Ibbotson is the author of numerous books and articles, including the annual Stocks, Bonds, Bills and Inflation Yearbook. Will Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies at the Yale School of Management and a Research Associate of the National Bureau of Economic Research. He currently serves as the Director of the International Center for Finance at Yale–an interdisciplinary research organization focused on sponsoring and disseminating academic research in Finance.
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