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	Provedor de dados AgEcon (3) Autor Braga, Marcelo Jose (1) Bressan, Aureliano Angel (1) Bressan, Valéria Gama Fully (1) Daouk, Hazem (1) Henning, Steven A. (1) Kennedy, Gary A. (1) Li, Chunxiao (1) Lima, Joao Eustaquio de (1) Ng, David T.C. (1) Vandeveer, Lonnie R. (1) Mais... Palavra-chave Financial leverage (3) Agribusiness (1) Agricultural Finance (1) Agricultural and Food Policy (1) Capital structure (1) Debt repayment (1) Farm policy (1) Financial Economics (1) G12 (1) Multinomial logit (1) Research Methods/ Statistical Methods (1) Safety-first model (1) Volatility asymmetry (1) Mais... Tipo do documento Journal Article (2) Working or Discussion Paper (1) Ano 2009 (1) 2008 (1) 2000 (1) País United States (3) Idioma Inglês (2) Português (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 3 Primeira ... 1 ... Última Is Unlevered Firm Volatility Asymmetric? AgEcon Daouk, Hazem; Ng, David T.C.. Asymmetric volatility refers to the stylized fact that stock volatility is negatively correlated to stock returns. Traditionally, this phenomenon has been explained by the financial leverage effect. This explanation has recently been challenged in favor of a risk premium based explanation. We develop a new, unlevering approach to document how well financial leverage, rather than size, beta, book-to-market, or operating leverage, explains volatility asymmetry on a firm-by-firm basis. Our results reveal that, at the firm level, financial leverage explains much of the volatility asymmetry. This result is robust to different unlevering methodologies, samples, and measurement intervals. However, we find that financial leverage does not explain index-level... Tipo: Working or Discussion Paper Palavras-chave: Volatility asymmetry; Financial leverage; Financial Economics; Research Methods/ Statistical Methods; G12. Ano: 2009 URL: http://purl.umn.edu/51182 FINANCIAL IMPLICATIONS OF A NEW FARM POLICY ENVIRONMENT AgEcon Vandeveer, Lonnie R.; Henning, Steven A.; Kennedy, Gary A.; Li, Chunxiao. The 1996 Federal Agriculture Improvement and Reform (FAIR) Act dramatically affects the decision-making environment of farms by introducing provisions for reducing farm income support payments. These program changes are likely to affect not only farm incomes, but also farm capital asset markets. The combined effect of these two financial variables is expected to alter the risk position and the debt repayment capacity on farms. Empirical results of this analysis indicate that the absence of farm income support payments reduces debt repayment capacity and increases the risk position on a representative Louisiana cotton-soybean farm. Tipo: Journal Article Palavras-chave: Debt repayment; Farm policy; Financial leverage; Safety-first model; Agricultural and Food Policy; Agricultural Finance. Ano: 2000 URL: http://purl.umn.edu/14710 Análise da alavancagem das empresas de capital aberto do agronegócio brasileiro: uma abordagem usando logit multinomial AgEcon Bressan, Valéria Gama Fully; Bressan, Aureliano Angel; Lima, Joao Eustaquio de; Braga, Marcelo Jose. This study intends to verify which variables affect the financial leverage of Brazilian agribusiness companies, considering the migration in the indebtedness ranges as proposed in the model of Matarazzo (1998). 26 companies were selected in accordance to the following links of the agribusiness chain flow: a) agricultural production; b) input supplying; and c) processing and distribution. The study was conducted using a multinomial logit model, based on annual data from 1999 to 2005. The results indicate that the variables tangibility of assets, growth opportunities, size and profitability were statistically significant in the explanation of the debt structure of Brazilian agribusiness companies. Tipo: Journal Article Palavras-chave: Financial leverage; Capital structure; Agribusiness; Multinomial logit; Agribusiness. Ano: 2008 URL: http://purl.umn.edu/54077 Registros recuperados: 3 Primeira ... 1 ... Última

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