Abstract

http://ssrn.com/abstract=1783797
 


 



On the Evidence Supporting the Existence of Risk Premiums in the Capital Market


Robert A. Haugen


Haugen Custom Financial Systems

A. James Heins


affiliation not provided to SSRN

December 1, 1972


Abstract:     
This paper was the basis of the paper entitled "Risk and the Rate of Return on Financial Assets: Some Old Wine in New Bottles," which was published in the Journal of Financial and Quantitative Analysis in December 1975. Differences between the two papers result from the refereeing process. This original working paper version is clearer and more complete. These papers were the first to document the lack of positive relationship between risk and return in the empirical cross-section of stock market returns.

Number of Pages in PDF File: 33

Keywords: Minimum Variance, Low Volatility, Inefficient Market, Risk, Efficient Market

working papers series


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Date posted: March 14, 2011  

Suggested Citation

Haugen , Robert A. and Heins, A. James, On the Evidence Supporting the Existence of Risk Premiums in the Capital Market (December 1, 1972). Available at SSRN: http://ssrn.com/abstract=1783797 or http://dx.doi.org/10.2139/ssrn.1783797

Contact Information

Robert A. Haugen (Contact Author)
Haugen Custom Financial Systems ( email )
128 W. 14th Street
Suite 201
Durango, CO 81301
United States
(970) 259-9512 (Phone)
HOME PAGE: http://www.haugensystems.com
A. James Heins
affiliation not provided to SSRN
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