Essays about: "Beniam Poutiainen"

Found 1 essay containing the words Beniam Poutiainen.

  1. 1. In Search of a Leverage Factor in Stock Returns: An Empirical Evaluation of Asset Pricing Models on Swedish Data

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Beniam Poutiainen; David Zytomierski; [2010]
    Keywords : Asset pricing; CAPM; Carhart; Fama-French; Leverage factor;

    Abstract : Theoretical finance regards leverage as one of the sources of stock return risk, and thus claims that the more levered a firm is, the higher the risk for equity holders and the higher the required rate of return. As asset pricing has matured into an important area of finance, new factors have been incorporated into the CAPM, following observed anomalies in stock returns. READ MORE