Access the full text.
Sign up today, get DeepDyve free for 14 days.
Michael Jensen (1986)
Agency Cost of Free Cash Flow, Corporate Finance, and TakeoversIndustrial Organization & Regulation eJournal
Robert Hamada (1972)
THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKSJournal of Finance, 27
E. Fama, James MacBeth (1973)
Risk, Return, and Equilibrium: Empirical TestsJournal of Political Economy, 81
Marc Reinganum (1981)
Misspecification of capital asset pricing : Empirical anomalies based on earnings' yields and market valuesJournal of Financial Economics, 9
Myron Scholes, Joseph Williams (1977)
Estimating betas from nonsynchronous dataJournal of Financial Economics, 5
M. Kendall (1945)
The advanced theory of statistics
M. Gibbons (1982)
MULTIVARIATE TESTS OF FINANCIAL MODELS A New ApproachJournal of Financial Economics, 10
Richard Roll (1977)
A Critique of the Asset Pricing Theory''s Tests: Part I
Richard Carter, Howard Auken (1990)
Security analysis and portfolio management, 16
John Peavy, D. Goodman (1983)
The significance of P/Es for portfolio returns, 9
Nicholas Kamere (1987)
Some factors that influence the capital structures of public companies in Kenya
S. Basu (1983)
The relationship between earnings' yield, market value and return for NYSE common stocks: Further evidenceJournal of Financial Economics, 12
Jennifer Conrad, Gautam Kaul (1988)
Time-Variation in Expected ReturnsThe Journal of Business, 61
J. Jobson, Bob Korkie (1982)
Potential performance and tests of portfolio efficiencyJournal of Financial Economics, 10
Robert Hamada (1969)
PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCEJournal of Finance, 24
R. Stambaugh (1982)
On the exclusion of assets from tests of the two-parameter model: A sensitivity analysisJournal of Financial Economics, 10
Donald Keim (1983)
SIZE-RELATED ANOMALIES AND STOCK RETURN SEASONALITY Further Empirical EvidenceJournal of Financial Economics, 12
H. Stoll, R. Whaley (1983)
Transaction costs and the small firm effectJournal of Financial Economics, 12
Merton Miller (1958)
The Cost of Capital, Corporation Finance and the Theory of InvestmentThe American Economic Review, 48
R. Banz (1981)
The relationship between return and market value of common stocksJournal of Financial Economics, 9
Barr Rosenberg., K. Reid, Ronald Lanstein (1985)
Persuasive evidence of market inefficiency, 11
Alex Gitari (1990)
An empirical investgation in to the risk return relationship among Kenyan publicly quoted companies
Marc Reinganum (1981)
Abnormal Returns in Small Firm PortfoliosFinancial Analysts Journal, 37
Richard Roll, S. Ross (1980)
An Empirical Investigation of the Arbitrage Pricing TheoryJournal of Finance, 35
Laxminarayan Bhandari (1984)
Capital market imperfections, risk and expected returns : empirical evidence and some propositions
S. Keane (1983)
Stock market efficiency: Theory, evidence, and implications
L. Fisher (1966)
Some New Stock-Market IndexesThe Journal of Business, 39
S. Basu (1977)
Investment Performance of Common Stocks in Relation to their Price-Earnings Ratios
(1967)
Risk of Ruin and the Cost of Capital
D. Cho, E. Elton, M. Gruber (1984)
On the Robustness of the Roll and Ross Arbitrage Pricing TheoryJournal of Financial and Quantitative Analysis, 19
ABSTRACT The expected common stock returns are positively related to the ratio of debt (non‐common equity liabilities) to equity, controlling for the beta and firm size and including as well as excluding January, though the relation is much larger in January. This relationship is not sensitive to variations in the market proxy, estimation technique, etc. The evidence suggests that the “premium” associated with the debt/equity ratio is not likely to be just some kind of “risk premium”.
The Journal of Finance – Wiley
Published: Jun 1, 1988
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.