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Risk Premia Over Time: BVR/Duff & Phelps Picking Up Where Morningstar Has Left Off?

edited August 2014 in The OT Bullpen
With Morningstar's departure from the valuation-related publication market (see
Duff & Phelps 2014 Valuation Handbook Powerpoint
and Duff & Phelps 2014Q1 Update), it seems that Morningstar will no longer be providing the comprehensive annual valuation updates that it (as Ibbotson) had in the past. [*]

In other words, it seems as if books such as this will no longer be available from Morningstar.

Perhaps to draw attention to their similar product , BVR/Duff & Phelps is providing a portion of their Risk Premia Report 2013, in the form of a 124 page excerpt that contains much of the discussion (but no data) which is in the complete report that they sell.

Nevertheless, I imagine that wonky readers (i.e., those that have gotten this far in the post) may find the abbreviated excerpt interesting. See links above.

PS: The page referenced in the "BVR/Duff & Phelps" reference above contains a link to a Q&A that may also be of interest.

[*] Note: Kind of a peculiar decision, no?

Risk Premium Report 2013: Table of Contents
Duff & Phelps | Distributed by Business Valuation Resources (BVR)

Who Should Use the Duff & Phelps Risk Premium Report
Appropriate Use of the Duff & Phelps Risk Premium Report
History of the Duff & Phelps Risk Premium Report
Recent Changes and Additions
How the 2013 Report is Organized

Section 1: Methodology

Section 2: Data Exhibits
Portfolio Methodology
Data Sources
Historical Time Period Used
Unseasoned Companies
High-Financial-Risk Study
Exclusions are Based on Past Information
Portfolio Creation
Size Study Portfolio Creation
Risk Study Portfolio Creation
Correcting for Delisting Bias
Size and Risk Rankings are Based on Past Information
Using the 2013 Report
Choosing Inputs when Estimating the Cost of Equity Capital
Key Inputs for Estimating the Cost of Equity Capital
Proper Application of the Equity Risk Premium (ERP) Adjustment
The ERP Adjustment Defined
Calculating the ERP Adjustment
When the ERP Adjustment is (and is not) Necessary
A Step-By-Step Example of the ERP Adjustment
Using “Smoothed” Premia versus Using “Average” Premia
Understanding the Difference Between the Report’s “Guideline Portfolio Method” and “Regression Equation Method”
Example: Calculating an Interpolated Premium Using the Regression Equation Method
Regression Equation Method
Tips Regarding the Regression Equation Method
Can the Regression Equation Method be Used If the Subject Company is Small?
Using Table 2 from the 2013 Risk Premium Report
The Risk Premium Report’s Regression Equation Method Yields Results that are Intuitive
Size Study or Risk Study?
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