Average debt and equity returns: Puzzling?

被引:55
|
作者
McGrattan, ER
Prescott, EC
机构
[1] Fed Reserve Bank Minneapolis, Res Dept, Minneapolis, MN 55480 USA
[2] NBER, Cambridge, MA 02138 USA
[3] Univ Minnesota, Fed Reserve Bank Minneapolis, Minneapolis, MN 55455 USA
来源
AMERICAN ECONOMIC REVIEW | 2003年 / 93卷 / 02期
关键词
D O I
10.1257/000282803321947407
中图分类号
F [经济];
学科分类号
02 ;
摘要
引用
收藏
页码:392 / 397
页数:6
相关论文
共 50 条
  • [1] Dollar debt and equity returns
    Braymen, Charles
    Obonyo, Tirimba
    Woessner, Nicholas E.
    [J]. APPLIED ECONOMICS LETTERS, 2021, 28 (12) : 1021 - 1025
  • [2] Debt Refinancing and Equity Returns
    Friewald, Nils
    Nagler, Florian
    Wagner, Christian
    [J]. JOURNAL OF FINANCE, 2022, 77 (04): : 2287 - 2329
  • [4] Market leverage, debt heterogeneity, and equity returns
    Kang, Moonsoo
    Baek, Seungho
    [J]. FINANCIAL MANAGEMENT, 2024,
  • [5] Moving average distance as a predictor of equity returns
    Avramov, Doron
    Kaplanski, Guy
    Subrahmanyam, Avanidhar
    [J]. REVIEW OF FINANCIAL ECONOMICS, 2021, 39 (02) : 127 - 145
  • [6] Debt Covenants and Cross-Sectional Equity Returns
    Helwege, Jean
    Huang, Jing-Zhi
    Wang, Yuan
    [J]. MANAGEMENT SCIENCE, 2017, 63 (06) : 1835 - 1854
  • [7] Earnings Smoothness, Average Returns, and Implied Cost of Equity Capital
    McInnis, John
    [J]. ACCOUNTING REVIEW, 2010, 85 (01): : 315 - 341
  • [8] DEBT-EQUITY SWAPS, REGULATION-K, AND BANK STOCK RETURNS
    EYSSELL, TH
    FRASER, DR
    RANGAN, NK
    [J]. JOURNAL OF BANKING & FINANCE, 1989, 13 (06) : 853 - 868
  • [9] Leverage and the performance of buyouts(How) does the use of debt Impact equity returns?
    Nico Engel
    Reiner Braun
    Ann-Kristin Achleitner
    [J]. Zeitschrift für Betriebswirtschaft, 2012, 82 (5): : 451 - 490
  • [10] Index Option Returns: Still Puzzling
    Chambers, Donald R.
    Foy, Matthew
    Liebner, Jeffrey
    Lu, Qin
    [J]. REVIEW OF FINANCIAL STUDIES, 2014, 27 (06): : 1915 - 1928