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Loneliness in the End-of-Life: Now What? [PDF]
David D, Breder K.
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Leverage, excess leverage, and future returns
Review of Accounting Studies, 2011We examine the cross-sectional relation between leverage and future returns while considering the dynamic nature of capital structure and potentially delayed market reactions. Prior studies find a negative relation between leverage and future returns that contradicts standard finance theory.
Judson Caskey
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Leverage and productivity [PDF]
Abstract This paper argues that earnings-based borrowing is important for understanding the extent to which financial frictions lower aggregate productivity (TFP). It builds a general equilibrium model of misallocation due to financial frictions wherein firms borrow by pledging assets and earnings.
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In his 1990 Nobel Prize address, the “father of modern finance” begins by discussing the benefits of debt financing and hen goes on to discuss potential costs. Although certainly capable of excesses, private capital markets have self‐correcting mechanisms that limit corporate “overleveraging.” Contrary to popular perception, corporate leveraging does ...
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On the Convergence of Leveraging
2002We give an unified convergence analysis of ensemble learning methods including e.g. AdaBoost, Logistic Regression and the Least-Square-Boost algorithm for regression. These methods have in common that they iteratively call a base learning algorithm which returns hypotheses that are then linearly combined.
Rätsch, G., Mika, S., Warmuth, M.
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SSRN Electronic Journal, 2009
In a financial system in which balance sheets are continuously marked to market, asset price changes appear immediately as changes in net worth, eliciting responses from financial intermediaries who adjust the size of their balance sheets. We document evidence that marked-to-market leverage is strongly procyclical.
Tobias Adrian, Hyun Song Shin
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In a financial system in which balance sheets are continuously marked to market, asset price changes appear immediately as changes in net worth, eliciting responses from financial intermediaries who adjust the size of their balance sheets. We document evidence that marked-to-market leverage is strongly procyclical.
Tobias Adrian, Hyun Song Shin
openaire +3 more sources

