Essays about: "unlevered beta"

Found 4 essays containing the words unlevered beta.

  1. 1. What is the relationship between Levered and Unlevered Beta and financial performance in the United States Technology Sector : A quantitative study of technology companies on the NYSE & NASDAQ from 2020-2022.

    University essay from

    Author : Liam Briggs; Nils Odung; Nils Thielemann; [2023]
    Keywords : ;

    Abstract : .... READ MORE

  3. 2. Can the use of leverage adjustment techniques give reliable estimates of beta risk?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Valeriia Dzhamalova; [2010]
    Keywords : financial leverage; unlevered beta; Hamada’s leverage adjustment; Business and Economics;

    Abstract : Title: Can the use of leverage adjustment techniques give reliable estimates of beta risk? Purpose: Using the sample of American companies within the five industries for the period 1994-2009 the following hypothesis shall be tested: does the use of leverage adjustment techniques over-penalize the cost of equity for a high level of debt to equity ratio. Methodology: To analyze how well the leverage adjustment works under the assumption of constant risk classes, the cross-sectional linear regression is used. READ MORE

  4. 3. Decomposing the Book-to-Price Effect: Leverage and Stock Returns

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Thomas Kidane; David Kuritzén; Johan Rönnestig; [2009]
    Keywords : book-to-price; enterprise book-to-price; leverage; stock returns; Penman et al;

    Abstract : The starting point for this thesis is a decomposition of book-to-price (B/P) into an enterprise-book-to-price component (that pertains to the firms operations and supposedly reflects operating risk) and a leverage component (assumed to capture financial risk), laid out by Penman et al (2007). Using Swedish data, we show that the leverage component of B/P is negatively associated with future stock returns, conditional upon enterprise-book-to-price. READ MORE

  5. 4. B-Values : Risk Calculation for Axfood and Volvo Bottom up beta approach vs. CAPM beta

    University essay from Institutionen för teknik och samhälle

    Author : Divesh Ljungström; [2007]
    Keywords : CAPM; Jensen’s measure alpha; Security market line; Bottom-up Betas; Levered Beta; Unlevered Beta; Required return on Equity; Debt Equity ratio.;

    Abstract : The aim of this thesis is to study the risk for two Swedish companies, Axfood and Volvo. To test the required return on equity, a bottom-up beta approach and a CAPM regression beta are used. READ MORE