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The Equity Premium in India / Rajnish Mehra.
- Format:
- Book
- Author/Creator:
- Mehra, Rajnish.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12434.
- NBER working paper series no. w12434
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2006.
- Summary:
- In this article we examine the Equity Premium in the Indian context and review the related literature. The equity premium is the returned earned by a well-diversified stock portfolio in excess of that earned by a risk free security such as a Treasury Bill. Consistent with U.S. experience we find that the Indian equity premium has been quite high in the post 1991 period, averaging 9.7% above the corresponding risk free security. It is difficult to justify such a premium based on theoretical considerations.
- The article is an entry prepared for the Oxford Companion to Economics in India edited by Kaushik Basu
- Notes:
- Print version record
- August 2006.
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