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Prima de riesgo del mercado utilizada: Encuesta 2008

Listed author(s):
  • Fernandez, Pablo


    (IESE Business School)

Este documento resume 424 respuestas a una encuesta por correo electrónico realizada a directivos de empresas, y a profesores de finanzas y escuelas de negocios en su mayoría españoles. Los resultados más relevantes de la encuesta son: gran dispersión de las respuestas (los profesores utilizan primas entre 3,5 y 10%, y las empresas, entre 2 y 30%); un elevado número de empresas no utilizan la prima de riesgo del mercado (bastantes de ellas utilizan un WACC mínimo, una TIR mínima... otras utilizan criterios como ebitda/ventas, PER…); la prima promedio utilizada por las empresas (6,3%) es superior a la utilizada por los profesores (5,5%); muchos profesores y directivos justifican la prima que utilizan con libros y artículos publicados (aunque con la misma fuente se utilizan primas de mercado muy diferentes). El 54% de las empresas y el 15% de los profesores utilizan en 2008 una prima de riesgo superior a la que utilizaban en 2007.

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Paper provided by IESE Business School in its series IESE Research Papers with number D/761.

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Length: 16 pages
Date of creation: 13 Aug 2008
Handle: RePEc:ebg:iesewp:d-0761
Contact details of provider: Postal:
IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN

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