Risk-Free Discount Rates and Stock Returns

This research examines the ability of Earnings less Risk-free Interest Charge (ERIC) to predict stock returns. We find that that earnings, cash flow, and total income are more strongly associated with stock returns than ERIC or residual income. In conclusion, our research suggests that mandatory metrics typically outperform ERIC and residual income

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Year of publication:	2023
Authors:	Griskaite, Aurelija ; Lueg, Rainer
Publisher:	[S.l.] : SSRN
Subject:	Kapitaleinkommen \| Capital income \| Diskontierung \| Discounting \| Börsenkurs \| Share price \| Theorie \| Theory \| Kapitalmarktrendite \| Capital market returns \| Soziale Diskontrate \| Social discount rate \| Risikoprämie \| Risk premium

Extent:	1 Online-Ressource (23 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1 Jan, 2022 erstellt
Other identifiers:	10.2139/ssrn.4379309 [DOI]
Classification:	M10 - Business Administration. General ; M20 - Business Economics. General ; M41 - Accounting
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014255447