Sökning: "Thomas Kidane"
Hittade 1 uppsats innehållade orden Thomas Kidane.
1. Decomposing the Book-to-Price Effect: Leverage and Stock Returns
D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringSammanfattning : The starting point for this thesis is a decomposition of book-to-price (B/P) into an enterprise-book-to-price component (that pertains to the firms operations and supposedly reflects operating risk) and a leverage component (assumed to capture financial risk), laid out by Penman et al (2007). Using Swedish data, we show that the leverage component of B/P is negatively associated with future stock returns, conditional upon enterprise-book-to-price. LÄS MER
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