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Belgian railroad stock returns, 1836-1957

Author

Listed:
  • Frans Buelens
  • Julien van den Broeck

Abstract

This new time series on price and return indices for the Belgian railroad sector during the 19th century and comparison with the historical risk premium confirms the risk premium to be positive although not that high as was commonly understood.

Suggested Citation

  • Frans Buelens & Julien van den Broeck, 2005. "Belgian railroad stock returns, 1836-1957," Applied Financial Economics, Taylor & Francis Journals, vol. 15(13), pages 915-930.
    • Handle: RePEc:taf:apfiec:v:15:y:2005:i:13:p:915-930
    DOI: 10.1080/09603100500120084
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    References listed on IDEAS

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    1. Claude Broquet & Robert Cobbaut & Roland Gillet & André Van Den Berg, 2004. "Gestion de portefeuille," ULB Institutional Repository 2013/14359, ULB -- Universite Libre de Bruxelles.
    2. Frederick R. Macaulay, 1938. "Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yields and Stock Prices in the United States since 1856," NBER Books, National Bureau of Economic Research, Inc, number maca38-1, January.
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