Country risk premium: The case of Chile
Revista Finanzas y Politica Economica, ISSN: 2011-7663, Vol: 13, Issue: 2, Page: 317-344
2021
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Article Description
Currently there is no agreed method to estimate the Risk Premium accurately, therefore, different authors arrive at significantly different results when calculating the risk premium for a given country or industry. This work estimates the risk premium of the Chilean stock market (PRM) for the period 1993-2020 using different estimation methodologies (Differential Returns, Implicit Return in Current Stock Prices). The results indicate, depending on the methodology used, a Premium for Risk that ranges between 1,91% and 10,28%, which shows the existence of a positive premium for assuming risk in Chile that ranges around 5,3%.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85118956383&origin=inward; http://dx.doi.org/10.14718/revfinanzpolitecon.3977; https://revfinypolecon.ucatolica.edu.co/article/view/3977; http://dx.doi.org/10.14718/revfinanzpolitecon.v13.n2.2021.3; http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S2248-60462021000200317&lng=en&tlng=en; http://www.scielo.org.co/scielo.php?script=sci_abstract&pid=S2248-60462021000200317&lng=en&tlng=en; http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S2248-60462021000200317; http://www.scielo.org.co/scielo.php?script=sci_abstract&pid=S2248-60462021000200317; https://dx.doi.org/10.14718/revfinanzpolitecon.3977; https://dx.doi.org/10.14718/revfinanzpolitecon.v13.n2.2021.3
Editorial Universidad Catolica de Colombia
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