Capital structure and stock return : A quantitative study of the relationship between leverage and stock return on Swedish listed firms
University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)
Abstract: This study investigates the effect of leverage on stock returns on Swedishlisted firms (Large and Mid-cap). Stock returns have been calculated, andleverage ratios have been collected through Datastream. The results contradictfundamental theories on capital structure. According to the fundamentaltheories there should be a positive relationship, but the result of this studysuggests that the relationship is negative.
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