Resumen

CAMPOS-JAQUE, Zocimo José; TAPIA-GERTOSIO, Juan  y  GUDARIS, Paulina Natalia. Country Risk Premium: The Case of Chile. Finanz. polit. econ. [online]. 2021, vol.13, n.2, pp.317-344.  Epub 04-Abr-2022. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.v13.n2.2021.3.

Currently there is no agreed method to estimate the Risk Premium accurately, therefore, different authors arrive at significantly different results when calculating the risk premium for a given country or industry. This work estimates the risk premium of the Chilean stock market (PRM) for the period 1993-2020 using different estimation methodologies (Differential Returns, Implicit Return in Current Stock Prices). The results indicate, depending on the methodology used, a Premium for Risk that ranges between 1,91% and 10,28%, which shows the existence of a positive premium for assuming risk in Chile that ranges around 5,3%.

JEL Classification: G11, G14, G18.

Palabras clave : Prize for Risk; Profitability; Market; Chile; Financial Markets.

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