메뉴 건너뛰기




Volumn 65, Issue 2, 2010, Pages 467-494

Levered Returns

Author keywords

[No Author keywords available]

Indexed keywords


EID: 77952563585     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.2009.01541.x     Document Type: Article
Times cited : (195)

References (36)
  • 1
  • 2
    • 0007980113 scopus 로고    scopus 로고
    • Optimal investment, growth options and security returns
    • Berk Jonathan B, Green Richard C, Naik Vasant. Optimal investment, growth options and security returns. Journal of Finance 1999, 54:1513-1607.
    • (1999) Journal of Finance , vol.54 , pp. 1513-1607
    • Berk, J.B.1    Green, R.C.2    Naik, V.3
  • 3
    • 77952577116 scopus 로고    scopus 로고
    • The levered equity risk premium and credit spreads: A unified framework
    • forthcoming
    • Bhamra Harjoat, Kuehn Lars-Alexander, Strebulaev Ilya. The levered equity risk premium and credit spreads: A unified framework. Review of Financial Studies 2009, forthcoming
    • (2009) Review of Financial Studies
    • Bhamra, H.1    Kuehn, L.2    Strebulaev, I.3
  • 4
    • 76549084638 scopus 로고    scopus 로고
    • The aggregate dynamics of capital structure and macroeconomic risk
    • forthcoming
    • Bhamra Harjoat, Kuehn Lars-Alexander, Strebulaev Ilya. The aggregate dynamics of capital structure and macroeconomic risk. Review of Financial Studies 2009, forthcoming
    • (2009) Review of Financial Studies
    • Bhamra, H.1    Kuehn, L.2    Strebulaev, I.3
  • 5
    • 84977705340 scopus 로고
    • Debt/equity ratio and expected stock returns: Empirical evidence
    • Bhandari Laxmi. Debt/equity ratio and expected stock returns: Empirical evidence. Journal of Finance 1988, 43:507-528.
    • (1988) Journal of Finance , vol.43 , pp. 507-528
    • Bhandari, L.1
  • 7
    • 4344650584 scopus 로고    scopus 로고
    • Corporate investment and asset price dynamics: Implications for the cross-section of returns
    • Carlson Murray, Fisher Adlai, Giammarino Ron. Corporate investment and asset price dynamics: Implications for the cross-section of returns. Journal of Finance 2004, 59:2577-2603.
    • (2004) Journal of Finance , vol.59 , pp. 2577-2603
    • Carlson, M.1    Fisher, A.2    Giammarino, R.3
  • 8
    • 77952577940 scopus 로고    scopus 로고
    • Macroeconomic conditions and the puzzles of credit spreads and capital structure
    • forthcoming
    • Chen Hui. Macroeconomic conditions and the puzzles of credit spreads and capital structure. Journal of Finance 2009, forthcoming
    • (2009) Journal of Finance
    • Chen, H.1
  • 10
    • 0000789987 scopus 로고    scopus 로고
    • Financial markets and firm dynamics
    • Cooley Thomas F, Quadrini Vincenzo. Financial markets and firm dynamics. American Economic Review 2001, 91:1286-1310.
    • (2001) American Economic Review , vol.91 , pp. 1286-1310
    • Cooley, T.F.1    Quadrini, V.2
  • 11
    • 0242676960 scopus 로고    scopus 로고
    • Financial frictions and investment: A requiem in Q
    • Cooper Russell, Ejarque Jothomampersand. Financial frictions and investment: A requiem in Q. Review of Economic Dynamics 2003, 6:710-728.
    • (2003) Review of Economic Dynamics , vol.6 , pp. 710-728
    • Cooper, R.1    Ejarque, J.2
  • 12
    • 68249146871 scopus 로고    scopus 로고
    • The role of debt and equity finance over the business cycle
    • Working paper, University of Amsterdam
    • Covas Francisco, den Haan Wouter. The role of debt and equity finance over the business cycle. 2006, Working paper, University of Amsterdam
    • (2006)
    • Covas, F.1    den Haan, W.2
  • 13
    • 84977737676 scopus 로고
    • The cross-section of expected stock returns
    • Fama Eugene F, French Kenneth R. The cross-section of expected stock returns. Journal of Finance 1992, 47:3427-3465.
    • (1992) Journal of Finance , vol.47 , pp. 3427-3465
    • Fama, E.F.1    French, K.R.2
  • 14
    • 38549147867 scopus 로고
    • Common risk factors in the returns on stocks and bonds
    • Fama Eugene F, French Kenneth R. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 1993, 33:3-56.
    • (1993) Journal of Financial Economics , vol.33 , pp. 3-56
    • Fama, E.F.1    French, K.R.2
  • 15
    • 84977723030 scopus 로고
    • Optimal dynamic capital structure choice: Theory and tests
    • Fischer Edwin, Heinkel Robert, Zechner Josef. Optimal dynamic capital structure choice: Theory and tests. Journal of Finance 1989, 44:19-40.
    • (1989) Journal of Finance , vol.44 , pp. 19-40
    • Fischer, E.1    Heinkel, R.2    Zechner, J.3
  • 16
    • 67649338981 scopus 로고    scopus 로고
    • Financial distress and the cross-section of equity returns
    • Working paper, University of Texas at Austin
    • Garlappi Lorenzo, Yan Hong. Financial distress and the cross-section of equity returns. 2007, Working paper, University of Texas at Austin
    • (2007)
    • Garlappi, L.1    Yan, H.2
  • 17
    • 77952560380 scopus 로고    scopus 로고
    • Leverage, financial distress and the cross-section of stock returns
    • Working paper, University of Houston
    • George Thomas, Hwang Chuan-Yang. Leverage, financial distress and the cross-section of stock returns. 2007, Working paper, University of Houston
    • (2007)
    • George, T.1    Hwang, C.2
  • 18
    • 0012875458 scopus 로고    scopus 로고
    • Financing investment
    • Gomes Jothomampersand. Financing investment. American Economic Review 2001, 90:1263-1285.
    • (2001) American Economic Review , vol.90 , pp. 1263-1285
    • Gomes, J.1
  • 20
    • 77952574226 scopus 로고    scopus 로고
    • Levered returns: Internet appendix
    • Gomes Jothomampersand, Schmid Lukas. Levered returns: Internet appendix. 2010, http://www.afajof.org/supplements.asp
    • (2010)
    • Gomes, J.1    Schmid, L.2
  • 21
    • 0001950179 scopus 로고
    • Earnings risk changes surrounding primary stock offers
    • Healy P, Palepu K. Earnings risk changes surrounding primary stock offers. Journal of Accounting Research 1990, 28:25-48.
    • (1990) Journal of Accounting Research , vol.28 , pp. 25-48
    • Healy, P.1    Palepu, K.2
  • 23
    • 34547890741 scopus 로고    scopus 로고
    • How costly is external financing? Evidence from a structural estimation
    • Hennessy Christopher, Whited Toni. How costly is external financing? Evidence from a structural estimation. Journal of Finance 2007, 62:1705-1745.
    • (2007) Journal of Finance , vol.62 , pp. 1705-1745
    • Hennessy, C.1    Whited, T.2
  • 24
    • 38249017668 scopus 로고
    • How risky is the debt in highly leveraged transactions
    • Kaplan Steve, Stein Jeremy. How risky is the debt in highly leveraged transactions. Journal of Financial Economics 1990, 27:215-245.
    • (1990) Journal of Financial Economics , vol.27 , pp. 215-245
    • Kaplan, S.1    Stein, J.2
  • 25
    • 77952565384 scopus 로고    scopus 로고
    • Financial leverage and expected stock returns: Evidence from pure exchange offers
    • Working paper, Stanford University
    • Korteweg Arthur. Financial leverage and expected stock returns: Evidence from pure exchange offers. 2004, Working paper, Stanford University
    • (2004)
    • Korteweg, A.1
  • 26
    • 84993608428 scopus 로고
    • Corporate debt value, bond covenants, and optimal capital structure
    • Leland Hayne. Corporate debt value, bond covenants, and optimal capital structure. Journal of Finance 1994, 49:1213-1252.
    • (1994) Journal of Finance , vol.49 , pp. 1213-1252
    • Leland, H.1
  • 27
    • 68249147836 scopus 로고    scopus 로고
    • Financially constrained stock returns
    • Livdan Dmitry, Sapriza Horacio, Zhang Lu. Financially constrained stock returns. Journal of Finance 2009, 64:1827-1862.
    • (2009) Journal of Finance , vol.64 , pp. 1827-1862
    • Livdan, D.1    Sapriza, H.2    Zhang, L.3
  • 28
    • 28244433505 scopus 로고    scopus 로고
    • Optimal capital structure and industry dynamics
    • Miao Jianjun. Optimal capital structure and industry dynamics. Journal of Finance 2005, 60:2621-2659.
    • (2005) Journal of Finance , vol.60 , pp. 2621-2659
    • Miao, J.1
  • 29
    • 84944072660 scopus 로고
    • Debt and taxes
    • Miller Merton. Debt and taxes. Journal of Finance 1977, 32:261-275.
    • (1977) Journal of Finance , vol.32 , pp. 261-275
    • Miller, M.1
  • 30
    • 77952576744 scopus 로고    scopus 로고
    • Corporate governance, capital structure choice and equity prices
    • Working paper, Princeton University
    • Nielsen Anders. Corporate governance, capital structure choice and equity prices. 2006, Working paper, Princeton University
    • (2006)
    • Nielsen, A.1
  • 31
    • 77952565936 scopus 로고    scopus 로고
    • Financial leverage and the cross section of returns
    • Working paper, University of Colorado
    • Obreja Iulian. Financial leverage and the cross section of returns. 2007, Working paper, University of Colorado
    • (2007)
    • Obreja, I.1
  • 32
    • 33947386969 scopus 로고    scopus 로고
    • The book-to-price effect in stock returns: Accounting for leverage
    • Penman Stephen, Richardson Scott, Tuna Item. The book-to-price effect in stock returns: Accounting for leverage. Journal of Accounting Research 2007, 45:427-468.
    • (2007) Journal of Accounting Research , vol.45 , pp. 427-468
    • Penman, S.1    Richardson, S.2    Tuna, I.3
  • 33
    • 84993839747 scopus 로고
    • What do we know about capital structure? Some evidence from international data
    • Rajan Raghuram, Zingales Luigi. What do we know about capital structure? Some evidence from international data. Journal of Finance 1995, 50:1421-1460.
    • (1995) Journal of Finance , vol.50 , pp. 1421-1460
    • Rajan, R.1    Zingales, L.2
  • 34
    • 0010960285 scopus 로고    scopus 로고
    • The delisting bias in CRSP data
    • Shumway Tyler. The delisting bias in CRSP data. Journal of Finance 1997, 52:327-340.
    • (1997) Journal of Finance , vol.52 , pp. 327-340
    • Shumway, T.1
  • 35
    • 0038850169 scopus 로고    scopus 로고
    • The delisting bias in CRSP's Nasdaq data and its implications for the size effect
    • Shumway Tyler, Warther Vince. The delisting bias in CRSP's Nasdaq data and its implications for the size effect. Journal of Finance 1999, 54:2361-2379.
    • (1999) Journal of Finance , vol.54 , pp. 2361-2379
    • Shumway, T.1    Warther, V.2
  • 36
    • 34547278989 scopus 로고    scopus 로고
    • Dynamic investment, capital structure, and debt overhang
    • Working paper, Columbia University
    • Sundaresan Suresh, Wang Neng. Dynamic investment, capital structure, and debt overhang. 2006, Working paper, Columbia University
    • (2006)
    • Sundaresan, S.1    Wang, N.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.