Literaturverzeichnis
		Alle mit Bildern ausgestatteten Literaturquellen führen Sie direkt zum jeweiligen Buch bei amazon.de.

Abel, Andrew B. (1990): Asset prices under habit formation and catching up
with the Joneses, in: American Economic Review 80, S.38-42.

Arnott, Robert D. (2003): Ethics, Earnings and Equity Valuation, in: The Journal
of Portfoliomanagement (Spring 2003), S.8-16.

Arnott, Robert D. und Asness, Clifford S. (2003): Surprise! Higher Dividends
= Higher Earnings Growth, in: Financial Analysts Journal (Jan/Feb 2003), S.70- 87.

Arnott, Robert D. und Bernstein, Peter L. (2002): What Risk Premium Is
„Normal“?, in: Financial Analysts Journal (March/April 2002), S.64-85.

Arnott, Robert D. und Ryan, Ronald J. (2001): The Death of the Risk Premium,
in: The Journal of Portfolio Management (Spring 2001), S.61-74.

Barsky, Robert B., Kimball, Miles S., Juster, Thomas F. und Shapiro, Matthew D.
(1997): Preference Parameters and Behavioral Heterogeneity: An Experimental
Approach in the Health and Retirement Study, in: Quarterly Journal of Economics
112 (May 1997), S. 537-579.

Benartzi, Shlomo und Thaler, Richard (1995): Myopic Loss Aversion and the
Equity Premium Puzzle, in: Quarterly Journal of Economics, vol.110(1), S.73-92.

Best, Michael J. und Grauer, Robert R. (1991): On the Sensitivity of Means-
Variance-Efficient Portfolios to Changes in Asset Means: Some Analytical and
Computational Results, in: Review of Financial Studies, Volume 4 (2), S.315-
342.

Brinson, Gary P., Hood, Randolph L. und Beebower, Gilbert L. (1986):
Determinants of Portfolio Preference, in: Financial Analysts Journal, Volume
42(4), S. 39-44.

Brinson, Gary P., Hood, Randolph L. und Beebower, Gilbert L. (1991):
Determinants of Portfolio Preference II: An Update, in: Financial Analysts
Journal, Volume 47(3), S.40-48.

Black, Fischer und Litterman, Robert (1992): Global Asset Allocation With
Equities, Bonds and Currencies. Working Paper, Goldman Sachs, October 1991.

Bollerslev, Tim (1986): Generalized Autoregressive Conditional
Heteroskedasticity, in: Journal of Econometrics 31, S. 307-327.

Brealey, Richard A. und Myers, Steward C. (2000): Principles of Corporate Finance. 6th Edition, Boston: McGraw-Hill.

Brown, Stephen J.,Goetzmann, William N. und Ross, Stephen A (1995):
Survival, in: Journal of Finance 50, S.853 – 873.

Campbell, John Y. (1991): A Variance Decomposition for Stock Returns, in:
Economic Journal 101, S. 157-179.

Campbell, John Y., Lo, Andrew W. und MacKinley, Archie C. (1997): The
Econometrics of Financial Markets. Princeton University Press, Princeton 1997.

Campbell, John Y. und Viceira, Luis M. (2002): Strategic Asset Allocation. Oxford University Press, New York 2002.

Claus, James und Thomas, Jacob (2001): Equity Premia as Low as Three Percent?
Evidence from Analysts’ Earnings Forecasts for Domestic and International Stock
Markets, in: The Journal of Finance Vol. LVI, no.5, S.1629-1666.

Chopra, Vijay K. und Ziemba, William T. (1993): The Effect of Errors in Means,
Variances, and Covariances on Optimal Portfolio Choice, in: The Journal of
Portfolio Management (1993), S. 53-61.

Cochrane, John H.(1997): Where is the Market going? , in: Economic
Perspectives, Volume 21(6), S. 2-40.

Constantinides,George M. (1990): Habit Formation: A Resolution of the Equity
Premium Puzzle. Journal of political Economy, Volume 98 (3), S.519-543.

Constantinides, George M., und Duffie, Darell (1996): Asset Pricing with
Heterogeneous Consumers, in: Journal of Political Economy, Volume CIV
(1996), S. 219-240.

Constantinides, George.M., Donaldson, John B., und Mehra, Rajnish (2002):
Junior Can’t Borrow: A New Perspective on the Equity Premium Puzzle, in:
Quarterly Journal of Economics, Volume 117 (Feb 2002), S.269-296.

Cornell, Bradford (1999): The Equity Risk Premium: The Long-Run Future of the Stock Market. Wiley, New York 1999.

Davis, Stephen J. und Willen, Paul (2000): Using Financial Assets to Hedge
Labor Income Risk: Estimating the Benefits. Working paper, University of
Chicago 2000.

Dimson, Elroy, Marsh, Paul und Staunton, Mike (2002): Triumph of the Optimists. Princeton University Press, New York 2002.

Drobetz, Wolfgang (2000): Wie hoch ist die Risikoprämie am Schweizer
Aktienmarkt?, in: Finanzmarkt und Portfoliomanagement 12, S. 364-386.

Drobetz, Wolfgang (2002a): Historical returns and the equity premium puzzle.
Working Paper, St. Gallen, April 2002.

Drobetz, Wolfgang (2002b): Einsatz des Black-Litterman Verfahrens in der Asset
Allocation. Working Paper No. 3/ 02, WWZ Basel/ Department of Finance.

Duesenberry, James S. (1949): Income, Saving and the Theory of Consumer
Behavior. Harvard University Press, Cambridge 1949.

Enderle, Francis J., Pope, Brad und Siegel, Laurence B. (2003): Broad-
Capitalization Indexes of the U.S. Equity Market, in: The Journal of Investing
(Spring 2003), Volume 12(1), S.11-22.

Engle, Robert F. (1993): Statistical Models for Financial Volatility, in: Financial
Analysts Journal (Jan/Feb 1993), S.72-78.

Epstein,Larry G. und Zin, Stanley E. (1989): Substitution, Risk Aversion, and the
Temporal Behavior of Consumption Growth and Asset Returns I: A Theoretical
Framework, in: Econometrica, Volume 57(4), S. 937-969.

Feinman, Joshua N. (2002): What can we expect for asset returns in the long run?,
in: The Journal of Investing, Volume 11(3), S. 66-76.

Ferson,Wayne E. und Constantinides, George M. (1991): Habit Persistence and
Durability in Aggregate Consumption: Empirical Tests, in: Journal of Financial
Economics (Oct 1991), S.199-240.

Friend, Irwin und Blume, Marshall (1975): The Demand for Risky Assets, in:
American Economic Review (65), S. 900-922.

Gali, Jordi (1994): Keeping Up with the Joneses: Consumption Exter-
nalities, Portfolio Choice, and Asset Prices, in: Journal of Money, Credit and
Banking, Volume 26(1), S. 1-8.

Gebhardt, William R., Lee, Charles M.C. und Swaminathan, Bhaskaran (2001):
Toward an Implied Cost of Capital, in: Journal of Accounting Research, Volume
39 (1), S.135-176.

Glassman, James K. und Hasset, Kevin (1999): Dow 36000: The New Strategy
for Profiting from the Coming Rise in the Stock Market. NY: Times Books 1999.
Gordon, Myron J. (1962): The investment, financing and valuation of the
corporation. Irwin Publishing, Homewood.

Gossen, Herrmann H. (1889): Entwicklung der Gesetze des menschlichen
Verkehrs und der daraus fließenden Regeln für menschliches Handeln. Berlin:
Prager.

Ibbotson Associates (2001): Stocks, Bonds, Bills and Inflation: 2001 Yearbook.
Chicago 2001.

Ibbotson, Roger G. Und Chen, Peng (2003): Long-Run Stock Returns:
Participating in the Real Economy, in: Financial Analysts Journal (Jan/Feb 2003),
S.88-98.

Ilmanen, Antti (2003): Expected Returns on Stocks and Bonds, in: The Journal of
Portolio Management (Winter 2003), S.7-27.

Jagannathan, Ravi, McGrattan, Ellen R. und Scherbina, Anna (2000): The
Declining U.S. Equity Premium, in: Federal Reserve Bank of Minneapolis
Quarterly Review, Volume 24(4), S.3-19.

Kaiser, Helmut und Krämer, Werner (2003): Muss man in diesen Zeiten noch
Aktien besitzen? , in: Die Bank, Februar 2003, S.82-88.

Kandel, Shmuel und Stambaugh, Robert F. (1991): Asset Returns and
Intertemporal Preferences, in: Journal of Monetary Economics (27), S.39-71.

Kempf, Alexander und Memmel, Christoph (2002): Schätzrisiken in der Portfoliotheorie in: Handbuch Portfoliomanagement Hrsg. Kleeberg, J. und Rehkugler, H., 2. Auflage, Bad Soden/Ts. 2002, S. 895-919.

Kocherlakota, Narayana (1996): The Equity Premium: it's still a Puzzle, in:
Journal of Economic Literature, Volume 34(1), S.42-71.

Kritzman, Mark P. (2000): Puzzles of Finance: Six Practical Problems and Their Remarkable Solutions. New York 2000.

Lee,Wai (2000): Advanced Theory and Methodology of Tactical Asset
Allocation. McGraw-Hill Professional, July 2000.

Leibowitz, Martin L. u.a. (2001): Equity Risk Premium Forum, AIMR, November
2001. Abrufdatum 1.Mai 2003 unter:
[http://aimrpubs.org/ap/issues/v2002n1/toc.html].

Litterman, Robert und Winkelmann, Kurt (1998): Estimating Covariance
Matrices. Working Paper, Goldman Sachs, Januar 1998.

Malkiel, Burton (2000): A Random Walk Down Wall Street . 7th edition, W.W. Norton & Company 2000.

Mankiw, Gregory N. und Zeldes, Stephen P. (1991): The Consumption of
Stockholders and Non-Stockholders, in: Journal of Financial Economics, Volume
29, S. 97-112.

Markowitz, Harry M. (1952): Portfolio Selection, in: Journal of Finance, Volume
7, S. 77-91.

McGrattan, Ellen R., und Prescott, Edward C. (2000): Is the Market Overvalued?,
in: Federal Reserve Bank of Minneapolis Quarterly Review 24, S. 20–40.

McGrattan, Ellen R., und Prescott, Edward C. (2001): Taxes, Regulations, and
Asset Prices. Working Paper, Federal Reserve Bank of Minneapolis (July 2001).

Mehra, Rajnish (2003): The Equity Premium: Why Is It A Puzzle? , in: Financial
Analyst Journal (Jan/Feb 2003), S.54-69.

Mehra, Rajnish und Prescott, Edward C. (1985): The Equity Premium: A Puzzle,
in: Journal of Monetary Economics, Volume 15(2), S. 145-161.

Michaud, Richard O. (1989): The Markowitz Optimization Enigma: Is
‘Optimized’ Optimal?, in: Financial Analysts Journal, Jan/Feb 1989, S. 31-39.

Miller, Merton und Modigliani, Franco (1961): Dividend Policy, Growth and the
Valuation of Shares, in: Journal of Business, Volume 34 (4), S.411-433.

Reimer, Klaus und Zanker, Alexander (2003): Schätzung von Risikoprämien in der Asset Allocation in: Handbuch Asset Allocation Hrsg.: Dichtl, Kleeberg, Schlenger, Uhlenbruch Verlag 2003.

Rietz, Thomas A.(1988): The Equity Risk Premium: A Solution, in: Journal of
Monetary Economics (22), S. 117-131.

Schäfer, Klaus und Zimmermann, Peter (1998): Portfolio Selection und
Schätzfehler bei den erwarteten Renditen: Ergebnisse für den deutschen
Aktienmarkt, in: Finanzmarkt und Portfolio Management, Jahrgang 12 (2), S.
131-149.

Sharpe, Steven A. (2002): How Does the Market Interpret Analysts´ Long-term
Growth Forecasts? Working Paper, Federal Reserve Board, Washington D.C.
2002.

Sharpe, William F.(1963): A simplified model for portfolio analysis, in:
Management Science (Jan 1963) S. 277-293.

Sharpe, William F.(1964): Capital Asset Prices - A Theory of Market Equilibrium
Under Conditions of Risk, in: Journal of Finance (September 1964), S. 425-442.

Sharpe, William F.(1966): Mutual Fund Performance, in: Journal of Business (Jan
1966), S.119-138.

Shiller, Robert J. (2000): Irrational Exuberance . Princeton University Press, New York.

Siegel, Jeremmy J.(1999): The Shrinking Equity Premium, in: The Journal of
Portfolio Management (Fall 1999), S.10-17.

Smith, Adam (1776): An Inquiry into the Nature and Causes of the Wealth of
Nations. London 1776.

Thaler, Richard H. (1997): The effect of myopia and loss aversion on risk taking:
An experimental test, in: The Quarterly Journal of Economics (May 1997), S.647-
661.

Tobin, James (1958): Liquidity Preference as Behaviour Towards Risk, in:
Review of Economic Studies, Volume 25, S. 65-86.

Trevino, Ruben C. und Robertson, Fiona (2002): P/E Ratios and Stock Market
Returns, in: Journal of Financial Planning (Feb 2002), S.76-84.

Tversky, Amos und Kahneman, Daniel (1992): Advances in prospect theory:
Cumulative representation of uncertainty, in: Journal of Risk and Uncertainty,
Volume 5, S. 297-323.

Weil, Philippe (1989): The Equity Premium Puzzle and the Riskfree Rate Ruzzle,
in: Journal of Monetary Economics, Volume 24 (3), S. 401-422.

Welch, Ivo (2000): Views of Financial Economists on the Equity Premium and on
Professional Controversies, in: Journal of Business, Volume 73 (4) , S. 501-537.