TY  - BOOK
AU  - Hassett,Stephen D.
TI  - The risk premium factor: a new model for understanding the volatile forces that drive stock prices 
T2  - Wiley finance series
SN  - 9781118118603
AV  - HG4551 .H34 2011eb
U1  - 332.63/222 23
PY  - 2011///
CY  - Hoboken, N.J.
PB  - John Wiley & Sons
KW  - Stocks
KW  - Prices
KW  - Corporations
KW  - Valuation
KW  - Business cycles
KW  - Stock exchanges
KW  - BUSINESS & ECONOMICS
KW  - Investments & Securities
KW  - bisacsh
KW  - fast
KW  - Stocks / Prices
KW  - local
KW  - Corporations / Valuation
KW  - Electronic books
N1  - Includes bibliographical references and index; pt. 1. Exploring the risk premium factor valuation model -- pt. 2. Applying the risk premium factor valuation model
N2  - "A radical, definitive explanation of the link between loss aversion theory, the equity risk premium and stock price, and how to profit from itThe Risk Premium Factor presents and proves a radical new theory that explains the stock market, offering a quantitative explanation for all the booms, busts, bubbles, and multiple expansions and contractions of the market we have experienced over the past half-century. Written by Stephen D. Hassett, President of Hassett Advisors, a specialist in value management, new venture strategy, development, and execution for high technology, web, and mobile businesses, the book convincingly demonstrates that the equity risk premium is proportional to long-term Treasury yields, establishing a connection to loss aversion theory. Explains stock prices from 1960 through the present including the 2008/09 "market meltdown" Shows how the S & P 500 has consistently reverted to values predicted by the model Solves the equity premium puzzle by showing that it is consistent with findings on loss aversion Demonstrates that three factors drive valuation and stock price: earnings, long term growth, and interest rates Understanding the stock market is simple. By grasping the simplicity, business leaders, corporate decision makers, private equity, venture capital, professional, and individual investors will fully understand the system under which they operate, and find themselves empowered to make better decisions managing their businesses and investment portfolios"--
UR  - http://onlinelibrary.wiley.com/book/10.1002/9781119205432
ER  -