The main objective of this study is to give the insight of describing mixing accounting ratios and macroeconomic variables as the risk factors in Iran. The results indicate a significant relationship between book to market ratio, financial leverage, size factors and expected stock returns in the Iranian market. In consistent with the other studies, we came to the conclusion that the term struct...

This study aims to determine the effect of Liquidity Ratio, Profitability ratio, and Leverage ratio on Financial Distress in Road Transportation Sub-Industry Sector Companies listed Indonesia Stock Exchange (IDX) 2017-2021 partially. The data used is secondary from 2017-2021. obtained then processed using Eviews 12 analysis tool. analytical methods are descriptive analysis, classical assumption...

In this paper we examine two methods for modelling asymmetries, namely dynamic leverage and threshold effects, in Stochastic Volatility (SV) models, one based on the threshold effects (TE) indicator function of Glosten, Jagannathan and Runkle (1992), and the other on dynamic leverage (DL), or the negative correlation between the innovations in returns and volatility. A general dynamic leverage ...

We explore the interdependence of investment and financing choices in US listed Real Estate Investment Trusts (REITs) in the period 1973-2011. We find that the investment and financing choices of REITs are interdependent, but they are not made simultaneously. Our results suggest that investment determines leverage, but leverage has no apparent effect on investment decisions. The fundamental rol...

We compare the most common SV models such as the Ornstein-Uhlenbeck (OU), the Heston and the exponential OU (expOU) models. We try to decide which is the most appropriate one by studying their volatility autocorrelation and leverage effect, and thus outline the limitations of each model. We add empirical research on market indices confirming the universality of the leverage and volatility corre...

In recent years, the number of local government financing vehicles in China has been increasing, scale development expanding rapidly, and methods used have also increasing. At present, bank loans are still main channels, but lease mode become one important ways for to obtain financial access. This paper mainly studies lease-debt relationship Chinese vehicles, selects unbalanced panel data 1435 ...

The purpose of this research was to obtain empirical evidence regarding the effect firm size (SIZE), managerial ownership (MOWN), liquidity ratio (LIQ), leverage (LEV), cash flow from operations (CFO), profitability (ROA), and age (AGE) earnings management (DAC). population taken are 462 non-financial companies listed on Indonesia Stock Exchange (IDX) in period 2017 2020. sample study used 87 w...

This research aims to analyze the influence of peer banks on Islamic financial leverage decisions. The empirical model was tested using fixed-effect panel data regression with robust standard error and in Indonesia for years 2007-2020. results this study show that have a significant positive effect bank decisions, it is during global crisis. impact shows higher will make raises its leverage. co...