The Expected Value Premium
收藏NBER2006-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12183
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资源简介：
Fama and French (2002) estimate the equity premium using dividend growth rates to measure the expected rate of capital gain. We use similar methods to study the value premium. From 1941 to 2002, the expected HML return is on average 5.1% per annum, consisting of an expected-dividend-growth component
提供机构：
美国国家经济研究局
创建时间：
2006-05-01
