Results 311 to 320 of about 744,108 (349)

Leverage Effect and Volatility Asymmetry

2018
The leverage effect, the relationship between asset volatility and returns is generally examined at contemporaneous or inter-temporal level. Instead, this paper examines the leverage effect over a period by classifying days into positive-return and negative-return days.
Parthajit Kayal, S. Maheswaran
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The Leverage Effect and Propagation

SSRN Electronic Journal, 2020
This paper proposes a new way to measure the leverage effect and its propagation over time. We also show that, with respect to the newly proposed measure, common volatility models like the GJRGARCH, the Exponential GARCH, and the asymmetric SV can be inaccurate to correctly represent the leverage effect and its propagation for financial time series. We
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Organizational leverage effect in innovation

European Management Journal, 1991
Abstract An innovation cannot act in a vacuum, but should enlist the help of ‘partners in innovation’ in order to improve the productivity of the innovation process. In this paper, Arnoud De Meyer uses a number of case studies to show how this leverage of the innovation process can be used under different circumstances, and how the leveraging process
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‘Leverage Effect’ in country betas and volatilities?

Applied Economics Letters, 2014
Leverage effect hypothesis predicts past returns to have a negative effect on equity riskiness. We document a surprising pattern: the effect of past returns on country index betas and volatilities turns into positive as past-return horizon is extended. Past 60-month returns have a significant positive effect, which provides a direct means of ruling out
Alina Synyavska, Numan Ülkü
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Leverage Effect in Financial Markets

2001
Physical Review ...
Bouchaud, Jean-Philippe, Matacz, Andrew, Potters, Marc   +2 more
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Founder effectiveness in leveraging entrepreneurial orientation

Management Decision, 2012
PurposeThis paper aims to explore the effects of entrepreneurial orientation (EO) on firm survival and examine whether founder chief executive officers (CEOs) are more effective than other types of managers at utilizing entrepreneurial orientation at initial public offerings (IPOs).Design/methodology/approachUsing survival analysis the authors ...
Fariss‐Terry Mousa, William Wales
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Financial Leverage and the Leverage Effect - A Market and Firm Analysis

2008
We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. The effect of financial leverage is studied both at a market and a firm level where the firm is exposed to both idiosyncratic and market risk.
A. Cevdet Aydemir, Gallmeyer, Michael, Hollifield, Burton   +2 more
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Larger Return to Cash Acquisitions: Signaling Effect or Leverage Effect?*

The Journal of Business, 2003
This article investigates the signaling theory and the benefit of debt theory to explain higher returns for bidders offering cash rather than stock, using Standard and Poor’s debt rating reviews and changes. Results imply that cash acquisitions and stock acquisitions have different sources of value creation.
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Leverage Effect Puzzle: A Rational Explanation

SSRN Electronic Journal, 2017
I study the effects of short sale constraints in a rational framework with asymmetric information. I consider the cases of Bernoulli-distributed (a la Glosten and Milgrom) and continuously distributed (a la Kyle) liquidation values, and focus on the latter case.
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Leverage effect in cryptocurrency markets

Pacific-Basin Finance Journal, 2022
Jing-Zhi Huang, Jun Ni, Li Xu
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