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It is the end of the first full week in 2025, and my data update for the year is now up and running, and I plan to use this post to describe my data sample, my processes for computing industry statistics and the links to finding them. Beta & Risk 1. Equity RiskPremiums 2. Corporate Governance & Descriptive 1.
With state and local taxes added on, the US, at the start of 2025, had a marginal corporate tax rate of 25%, almost perfectly in line with a global norm. The default spread is a price of risk in the bond market, and if you recall, I estimated the price of risk in equity markets, with an implied equity riskpremium, in my second data update.
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