IDEAS home Printed from https://ideas.repec.org/p/wrc/ymswp1/15.html
   My bibliography  Save this paper

The association between accounting and market-based risk measures

Author

Listed:
  • Toms, Steven
  • Salama, Aly
  • Nguyen, Duc Tuan

Abstract

The paper derives operating and financial measures of leverage and tests their association with market based measures of equity risk. It is the first such study to use purely accounting-based data to derive the leverage measures. In line with previous literature it conducts a new test on the relative importance of operating and financial leverage. The results suggest that operating costs have a greater impact.

Suggested Citation

  • Toms, Steven & Salama, Aly & Nguyen, Duc Tuan, 2005. "The association between accounting and market-based risk measures," The York Management School Working Papers 15, The York Management School, University of York.
    • Handle: RePEc:wrc:ymswp1:15
    as

    Download full text from publisher

    File URL: https://eprints.whiterose.ac.uk/2575/1/ymswp15tomsetal.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khadija Younas & Muhammad Sarmad, 2020. "The Impact Of Degree Of Financial Leverage And Degree Of Operating Leverage On The Systematic Risk Of Common Stock," Malaysian E Commerce Journal (MECJ), Zibeline International Publishing, vol. 4(1), pages 24-32, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wrc:ymswp1:15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: White Rose Research Online or The York Management School (email available below). General contact details of provider: https://edirc.repec.org/data/msyoruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.