Essays about: "Valeriia Dzhamalova"

Found 1 essay containing the words Valeriia Dzhamalova.

  1. 1. 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