Nº 2 / 2023 - abril-junio
Market Risk Premium and Risk-Free Rate. Survey 2022
Pablo Fernández
IESE Business School
Teresa García
IESE Business School
Javier F. Acín
Independent Researcher University of Navarra
Abstract:
This paper contains the statistics of a survey about the Risk-Free Rate (RF) and the Market Risk Premium (MRP) used in 2022 for 95 countries. We got answers for 99 countries, but we only report the results for 95 countries with more than 6 answers.
Many respondents use for European countries a RF higher than the yield of the 10-year Government bonds. The coefficient of variation (standard deviation / average) of RF
is higher than the coefficient of variation of MRP for the Euro countries.
The paper also contains the links to previous years surveys, from 2008 to 2021.
Keywords: equity premium; required equity premium; coronavirus; expected equity premium; risk-free rate.
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DIRECCIÓN REVISTA ESPAÑOLA DE CAPITAL RIESGO
Prof. Dr. D. Rafael Marimón
Catedrático de Derecho Mercantil
Universidad de Valencia
Catedrático de Derecho Mercantil
Universidad de Valencia
DIRECCIÓN BOLETÍN DE ACTUALIDAD DEL MERCADO ESPAÑOL DE CAPITAL RIESGO
Sr. D. Miguel Recondo
Instituto de Capital Riesgo (INCARI)
Instituto de Capital Riesgo (INCARI)