Financial leverage and systematic risk

被引：0
|
作者：
Alaghi, Kheder [1 ]
机构：
[1] Armenia State Agrarian Univ, Dept Accounting, Yerevan, Armenia
来源：
AFRICAN JOURNAL OF BUSINESS MANAGEMENT | 2011年 / 5卷 / 15期
关键词：
Financial leverage; capital structure; systematic risk; operating leverage; earnings per share (EPS); earnings before interest and taxes (EBIT);
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this study is the effect of financial leverage in the systematic risk of listed companies in Tehran Stock Exchange. In this study, financial leverage (FL) as independent variables and systematic risk (beta) as the dependent variable is considered. While significant at <= 0/05 H(0) hypothesis, is rejected. Otherwise, there is no other adequate reason for rejecting H(0) hypothesis. For testing the hypothesis of this study, linear regression technique has been used. According to the results obtained, H(0) is rejected because significant = 0.00< 0.05. Thus, financial leverage has effect on the systematic risk of listed companies in Tehran Stock Exchange.
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页码：6648 / 6650
页数：3
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