Equity premium puzzle: can behavioural biases explain the value of the premium? The case of the Warsaw Stock Exchange
Francavilla, Valeria (A.A. 2023/2024) Equity premium puzzle: can behavioural biases explain the value of the premium? The case of the Warsaw Stock Exchange. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 146. [Master's Degree Thesis]
Full text for this thesis not available from the repository.
Abstract/Index
Behavioral finance and its impact on equity valuation. Behavioural finance. Main behavioural biases: a focus on risk aversion and equity home bias. Methodology of CAPM and its relation with behavioural finance. How is the CAPM dealing with anomalies? Equity premium puzzle and the role of biases. Historical overview of the equity premium puzzle. Main theories explaining the puzzle. Other factors influencing equity premium. The role of transaction costs. Possible solutions to the equity risk premium puzzle. Equity premium puzzle in Europe. Equity premium puzzle in Europe and the case of Poland. European equity premium puzzle. Excessive equity premium puzzle in Poland. Is the stock valuation in the Warsaw Stock Exchange accurate IPO performance in Poland. Market value ratios in the Warsaw Stock Exchange. Investments in Eastern Europe.
References
Bibliografia: pp. 138-143.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | Advanced corporate finance |
| Thesis Supervisor: | Murro, Pierluigi |
| Thesis Co-Supervisor: | Oriani, Raffaele |
| Academic Year: | 2023/2024 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 30 Jan 2025 14:16 |
| Last Modified: | 30 Jan 2025 14:16 |
| URI: | https://tesi.luiss.it/id/eprint/41157 |
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