For this purpose, we group observations with no net debt and divide the rest into quintiles based on leverage levels. We conclude that the value relevance of both earnings and book value of equity is lower for the high-levered quintile than the rest. Moreover, the value relevance of ...
How does leverage affect the value relevance? Evidence from TurkeyHigh-levered firms have serious concerns related to avoiding covenant violations and meeting the needs of their creditors. Accounting information of those firms should be less value relevant for market participants. Based on a sample of...
How does intragroup financing affect leverage?Belgian evidence. Verschueren,I,Deloof,M. J.Account.Auditing Financ . 2006Verschueren I., Deloof M. (2006), "How does intragroup financing affect leverage: Belgian evidence", Journal of Accounting, Auditing and Finance, vol. 21 nr. 1, pp. 83-...
How Does Financial Leverage Affect Financial Risk? An Empirical Study in Sri LankaDebt CapitalFinancial LeverageFinancial RiskFirm sizeHaving debt or preferred stock capital is an important decision made by firms because the return on equity, in general, is expected to be higher with debt. Neve...
Proprietary risk overlay called Adaptive Beta that utilizes a rules-based methodology to adjust leverage, exposure and hedging based on proprietary signals identifying the prevailing market state. Dynamic Hedging Program using the combination of put and call spreads designed to constrain volatility and avo...
(2017). Therefore, this paper does not focus on reproducing these positive risk and performance results. Instead, we focus on explaining the economic reasons for these results. WHY ESG MATTERS To develop a fundamental understanding of how ESG characteristics affect corporations' financial pro- files...
Agriculture is becoming a substantial contributor to carbon emissions in China, and the efficient reduction of agricultural carbon emissions (ACEs) has become a universal concern. Currently, the digital transformation of agriculture (DTA) provides a new
Liquidity and leverage Journal of Financial Intermediation (2010) A.Beltrattiet al. The credit crisis around the globe: why did some banks perform better? Journal of Financial Economics (2012) A.N.Bergeret al. How does capital affect bank performance during financial crises?
(2020) show that economic policy does not affect emissions. Zhou et al. (2018) find that considering the effect of quality uncertainty on carbon emissions can effectively increase profit and reduce total carbon emissions for firms. Jiang et al. (2019) indicate that carbon dioxide emissions are ...
What Does Leverage Mean in Finance? Leverage is the use of debt to make investments. The goal is to generate a higher return than the cost of borrowing. A company isn't doing a good job or creating value for shareholders if it fails to do this. ...