Browsing by Author "65c5f689-99a4-4d22-aff3-976922725ebd"
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Hansen, Erwin; Torres, Juan Pablo (Universidad de Chile. Facultad de Economía y Negocios, 2009)This paper tests whether financial leverage fluctuates in a way which is consistent with the existence of a target leverage or, on the contrary, it freely fluctuates with the observed changes on stock returns. Using a ...