Rishi Goyal sand Ronald Mckinnon theory of negative risk premium shows that Japans banks are hard to make profit under the circumstances of liquidity trap.

麦金农的负风险溢价理论说明，在流动性陷阱的情况下，日本银行业很难赢利。

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Our research showed that the real risk premium of A shares was negative and there speculate bubbles in the Chinese stock market during 1997~2001.

结果表明，我国A股股票的实际风险溢价为负，股票市场存在较大的投机性泡沫。

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The one risk in being too negative is the chance that they sell to a larger competitor, though at a nice premium to its tangible book value, the stock is not as attractive as other potential takeover candidates.

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