Equity Performance, Leverage and Overinvestment

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September 2010



This book discusses the relationship between equity performance, overinvestment and leverage for UK and US markets. This book shows that the Residual Income Model outperforms other valuation models such as the Discounted Cash Flows models. Further, this book introduces a simple way of measuring the overinvestment problem. Moreover, this book explains the non-linearity relationship between leverage and overinvestment and concludes that leverage, at a moderate level, can discipline managers and mitigate the overinvestment problem.


Dr. Hassan Hamadi is a full assistant professor at NDU-Louize. He holds a PhD. in corporate finance from University of Surrey. His research field and consulting are: Corporate Finance, Performance and Valuation, Private equity and Hedge Funds.
EAN: 9783838337784
ISBN: 3838337786
Untertitel: The measurement of equity performance and its impact on the relationship between leverage and overinvestment. Paperback. Sprache: Englisch.
Verlag: LAP Lambert Acad. Publ.
Erscheinungsdatum: September 2010
Seitenanzahl: 220 Seiten
Format: kartoniert
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