Time-varying risk premia and the cost of capital: An alternative implication of the Q theory of investment

Keyphrases

• Aggregate Investment 50%
• Cost of Capital 100%
• Equity Risk Premia 100%
• Excess Stock 100%
• Excess Stock Returns 50%
• Expected Excess 50%
• Forecasting Power 50%
• Inequity 100%
• Investment Growth 50%
• Investment Model 50%
• Long-horizon Forecasting 50%
• Marginal q 50%
• Predictive Variables 100%
• Q-theory of Investment 100%
• Real Interest Rates 50%
• Stock Market Returns 100%
• Time-varying Risk Premia 100%

Economics, Econometrics and Finance

• Capital Market Returns 50%
• Cost of Capital 100%
• Investment 50%
• Real Interest Rate 50%
• Tobin's Q 100%