In this article, tests for globalization and contagion are separated using an ex ante definition
of crises, and contagion tests are neutralized with respect to globalization effects. A large …

Due to the benefits of investment diversification across markets and industries, and the
increasing importance of ASEAN capital markets, this paper attempts to review recent …

Ambiguity aversion has been suggested as a potential explanation for the equity premium
puzzle in recent theoretical models. To test this hypothesis, we measure the amount of …

Recent portfolio studies provide conflicting evidence on whether the stock market (mis)
prices the value of customer satisfaction, as measured by the American Customer …

En este trabajo se analizan los factores en común de los mercados accionarios de los
países pertenecientes al Mercado Integrado Latinoamericano, MILA: Chile, Colombia y …

The equity premium is a key parameter in asset allocation policies. There is a vigorous
debate in the literature regarding the actual measurement of the equity premium, its size and …

Estimates of ex-ante equity premia are important in planning investments in pension funds,
life insurance pools, and for other long-term financial obligations or goals. However, while …

We examine time discounting factors in an international survey. Our analysis reveals a
significant relationship between time discount factors and historical equity premiums across …

PURPOSE: The equity premium influences investors' investing decisions, as well as their
savings, spending habits, and portfolio allocation between risk-free and risky assets …

There is little research on international equity premia estimates. Using improved and
consistent methodologies covering a recent 8-year period, this paper estimates annual …