Estimation of Equity Risk Premiums (ERP) in an Emerging Stock Market: The Nigerian Case

E. Chuke Nwude

Estimation of Equity Risk Premiums (ERP) in an Emerging Stock Market: The Nigerian Case

E. Chuke Nwude * §

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§ University of Nigeria Nsukka, Enugu Campus

Estimation of Equity Risk Premiums (ERP) in an Emerging Stock Market: The Nigerian Case

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Abstract

Obviously the equity risk premium (ERP) is an important parameter in finance, more especially in fixing the cost of equity capital and giving values to assets. However, its estimation has challenged academics, analysts and other practitioners in the field of finance as to which of the estimation approaches presents the best result for practical application. It was also observed that most of the studies on this important aspect of finance have been mostly conducted in the developed stock markets with very little or none done on some of the emerging markets. With this in mind, the researcher was moved to place an emerging stock market on the map of researches on the ERP.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

E. Nwude. 2013. "Estimation of Equity Risk Premiums (ERP) in an Emerging Stock Market: The Nigerian Case". Global Journal of Management and Business Research, Global Journal of Management and Business Research - E: Marketing GJMBR-E Volume 13 (GJMBR Volume 13 Issue E4).

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GJMBR Volume 13 Issue E4

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

equity premium equity risk premium historical risk premium implied risk pre market premium market risk premium risk premium survey risk premium

Classification

GJMBR-E Classification FOR Code: M31

Submission ReceivedDecember 8, 2012
Peer Review Double Blind
Handling Editor
Accepted January 2, 2013
Published January 15, 2013

Version of record

v1.2

Issue date

May 2, 2013

Language

English

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Total Score: 148

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: E. Chuke Nwude (PhD/Dr. count: 0)

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