play in arriving at an estimate of the MRP? Dividend Growth Why is the DGM’s market risk What role should DGM estimates High premium higher than indicated play in arriving at an estimate of from other evidence? the MRP? Sharpe ratios Why are networks’ Sharpe ratios Propose discuss at a joint high? Experts Session? The Wright evidence How should the Wright evidence High be used to inform the estimate of the MRP? How is this evidence used by regulators? Independent Expert How should independent expert Medium Evaluation Reports valuation reports be used to inform the estimate of the MRP? Regulatory consistency What estimate of MRP is supported Propose discuss at a joint by recent decisions of other Experts Session? Australian regulators? Survey data In developing the MRP we use the What estimate of MRP is supported Propose discuss at a joint ASX accumulation index as the by recent surveys? Experts Session? prime source of data to develop the measure. This data reflects the operations of firms where assets are depreciated from actual cost and not indexed, where revaluations are taken to profit, firms are exposed to optimisation of assets, firms are subject to technological obsolescence, etc, whereas the firms we apply the outcomes of the data are not subject to any of these aspects, implying that the data is not necessarily sufficiently closely relevant. {Or does the equity Beta
play in arriving at an estimate of the MRP? Dividend Growth Why is the DGM’s market risk premium higher than indicated from other evidence? What role should DGM estimates play in arriving at an estimate of the MRP? High Sharpe ratios Why are networks’ Sharpe ratios high? Propose discuss at a joint Experts Session? The Wright evidence How should the Wright evidence be used to inform the estimate of the MRP? How is this evidence used by regulators? High Independent Expert Evaluation Reports How should independent expert valuation reports be used to inform the estimate of the MRP? Medium Regulatory consistency What estimate of MRP is supported by recent decisions of other Australian regulators? Propose discuss at a joint Experts Session? Survey data In developing the MRP we use the ASX accumulation index as the prime source of data to develop the measure. This data reflects the operations of firms where assets are depreciated from actual cost and not indexed, where revaluations are taken to profit, firms are exposed to optimisation of assets, firms are subject to technological obsolescence, etc, whereas the firms we apply the outcomes of the data are not subject to any of these aspects, implying that the data is not necessarily sufficiently closely relevant. {Or does the equity Beta What estimate of MRP is supported by recent surveys? Propose discuss at a joint Experts Session?
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