SSRNOther
Optimal Leverage
The research shows that stock returns are influenced by how much a company's actual leverage deviates from its target, especially during economic growth periods, introducing a new risk factor called VDOL.
Featured in No. 48 on 8 May 2024 ·
- Released
- 1 May 2022
- First featured
- No. 48 · 8 May 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 85
- Identifier
- SSRN 4814114
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).