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Distress risk, financial leverage, and stock returns for presentation at UESTC, June 2011

Distress risk, financial leverage, and stock returns for presentation at UESTC, June 2011. Book-to-Market Equity, Distress Risk, and Stock Returns by GRIFFIN and LEMMON (2002, JF). Dichev (1998) uses measures of bankruptcy risk proposed by Ohlson (1980) and Altman (1968)

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Low average returns - PowerPoint PPT Presentation

Distress risk, financial leverage, and stock returns for presentation at UESTC, June 2011