Leverage Effect on Investment Efficiency

Name: Leverage Effect on Investment Efficiency
Price: 49.23 USD
Availability: InStock
ISBN: 9783845402154

ISBN-10: 3845402156

ISBN-13: 9783845402154

Edition: N/A

Authors: Diana Gustafsson, Per Sundqvist

List price: $40.00

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Description:

This book studies the effects of leverage on investment efficiency in Swedish listed firms 1997-2005. The effects are studied separately for over- and underinvesting firms. To measure investment efficiency we employ three different measures: marginal q, absolute investments (defined as capital expenditures plus research and development expenditures) and Tobin s Q. The application of three different investment efficiency measures is one of the main contributions of this study. The investment efficiency of overinvesting firms was hypothesized to be improved by higher leverage. The results based on marginal q accepted this hypothesis. The absolute investments and Tobin s Q results could not…

Book details

List price: $40.00
Publisher: Lambert Academic Publishing
Binding: Paperback
Pages: 112
Size: 6.00" wide x 9.00" long x 0.27" tall
Weight: 0.396
Language: English