Prima de Riesgo de Mercado y Tasa Libre de Riesgo: encuesta 2013

Nº 2 / 2014 - abril/junio

Prima de Riesgo de Mercado y Tasa Libre de Riesgo: encuesta 2013

Pablo Fernández
IESE Business School
Javier Aguirreamalloa
IESE Business School
Luis Corres
IESE Business School

Resumen:

This paper contains the statistics of the Risk-Free Rate and of the Equity Premium or Market Risk Premium (MRP) used in 2013 for 51 countries. We got answers for 78 countries, but we only report the results for 51 countries with more than 5 answers.
Most previous surveys have been interested in the Expected MRP, but this survey asks about the Required MRP. The paper also contains the references used to justify the MRP, comments from persons that do not use MRP, and comments from persons that do use MRP.

Palabras claves: equity premium; required equity premium; expect- ed equity premium; historical equity premium; risk-free rate; heterogeneous investors