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Original Articles

Financial market liberalization and the relationship between stock returns and financial leverage in Finland

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Pages 19-21 | Received 21 Feb 1996, Published online: 02 Nov 2006

References

  • Bhandari , L. C. 1988 . Debt equity ratio and expected common stock returns: empirical evidence . Journal of Finance , 43 : 507 – 28 .
  • Booth , G. G. , Glascock , J. , Martikainen , T. and Rothovius , T. 1994 . The financing of residential real estate in Finland:an overview . Journal of Housing Research , 5 : 205 – 27 .
  • Christie , A. A. 1987 . On cross-sectional analysis in accounting research . Journal of Accounting and Economics , 9 : 231 – 58 .
  • Mandelker , G. N. and Rhee , S. G. 1984 . The impact of the degrees of operating and financial leverage on systematic risk of common stock . Journal of Financial and Quantitative Analysis , 19 : 45 – 57 .
  • Martikainen , T. 1993 . Stock returns and classification pattern of firm-specific financial characteristics . Journal of Business Finance and Accounting , 20 : 537 – 57 .
  • Martikainen , T. and Yli-Olli , P. 1990 . A test of the arbitrage pricing theory using accounting information . Economics Letters , 34 : 55 – 9 .
  • Perttunen , J. and Martikainen , T. 1989 . On the proportionality assumption of financial ratios . Finnish Journal of Business Economics , 38 : 343 – 59 .

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