by Malcolm Baker, Mathias F. Hoeyer, and Jeffrey Wurgler - Publications - Faculty & Research

03 Jun 2016
Working Paper Summaries

The Risk Anomaly Tradeoff of Leverage

Keywords: by Malcolm Baker, Mathias F. Hoeyer, and Jeffrey Wurgler

August 2020
Article

Leverage and the Beta Anomaly

By: Malcolm Baker, Mathias F. Hoeyer and Jeffrey Wurgler

The well-known weak empirical relationship between beta risk and the cost of equity—the beta anomaly—generates a simple tradeoff theory: As firms lever up, the overall cost of capital falls as leverage increases equity beta, but as debt becomes riskier the marginal... View Details

Keywords: Risk Anomaly; Leverage; Capital Structure; Risk and Uncertainty

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05 Mar 2019
First Look

New Research and Ideas, March 5, 2019

forthcoming Journal of Financial and Quantitative Analysis Leverage and the Beta Anomaly By: Baker, Malcolm, Mathias View Details

Keywords: Dina Gerdeman

31 May 2016
First Look

May 31, 2016

https://www.hbs.edu/faculty/Pages/item.aspx?num=50749 The Risk Anomaly Tradeoff of Leverage By: Baker, Malcolm, Mathias F. Hoeyer, View Details

Keywords: Sean Silverthorne

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Behavioral Finance & Financial Stability

sentiment in the US stock market More Info Leverage and the Beta Anomaly By: Malcolm P. Baker & Jeffrey Wurgler AUG 2020 View Details

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Research - Behavioral Finance & Financial Stability

other research here , Yueran’s other research here , and Andrei’s other research here . More Info Leverage and the Beta Anomaly By: Malcolm P. Baker & View Details

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