Market Risk Premium and Risk-Free Rate Survey, 2022
by Pablo Fernandez, Teresa Garcia de Santos, & Javier Fernandez Acin
Market Risk Premium and Risk-Free Rate Survey, 2022
The SSRN Market Risk Premium and Risk-Free Rate Survey offers a comprehensive overview of financial assumptions used globally by valuation professionals. The 2022 edition presents responses from 95 countries.
Detailed Description
This global survey compiles market risk premium (MRP) and risk-free rate (RF) estimates submitted by academics, analysts, and valuators. It highlights notable regional differences, such as the use of RF values above long-term government bond yields in specific European countries. The survey includes historical results from 2008 to 2021 for longitudinal analysis.
Key Features
- International responses from 95 countries
- Highlights variations in professional assumptions and methodologies
- Includes archive of past survey results for historical comparison
For more information and to download the survey, visit SSRN.
Detailed Description
This paper contains the statistics of a survey about the Risk-Free Rate (RF) and the Market Risk Premium (MRP) used in 2022 for 95 countries. The authors got answers for 99 countries, but only report the results for 95 countries with more than 6 answers.
Many respondents use for European countries a RF higher than the yield of the 10-year Government bonds. The coefficient of variation (standard deviation / average) of RF is higher than the coefficient of variation of MRP for the Euro countries.
The paper also contains the links to previous years surveys, from 2008 to 2021.