Financial leverage and stock returns in emerging markets
What is it about?
This research examines the propositions of Campbell et al. (2008) and Mirza et al. (2013) on the pricing of leverage in stock returns of firms listed on the Karachi Stock Exchange (KSE) over a period 2001 to 2013.
Why is it important?
These findings of this study have global relevance, notably for other emerging and developing economies where default risk is of importance due to cyclical nature of cash flows and low recovery rates owing to weaknesses of legal structure.
The following have contributed to this page: Dr Krishna Reddy, Dr Krishna Reddy, and Nawazish Mirza