๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Leverage, Debt Maturity and Firm Investment: An Empirical Analysis

โœ Scribed by Viet A. Dang

Book ID
111106048
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
241 KB
Volume
38
Category
Article
ISSN
0306-686X

No coin nor oath required. For personal study only.

๐Ÿ“œ SIMILAR VOLUMES

Using Firm-Level Leverage as an Investme
Using Firm-Level Leverage as an Investment Strategy
โœ Yaz Gลฑlnur MuradoฤŸlu; Sheeja Sivaprasad ๐Ÿ“‚ Article ๐Ÿ“… 2011 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 215 KB

## ABSTRACT We use an investment strategy based on firmโ€level capital structures. Investing in lowโ€leverage firms yields abnormal returns of 4.43% per annum. If an investor holds a portfolio of lowโ€leverage and lowโ€marketโ€toโ€bookโ€ratio firms, abnormal returns increase to 16.18% per annum. A portfol