Macroeconomic Variables, Leverage, Stock Returns and Stock Return Volatility
This paper investigates the relationship between the macroeconomic variables, leverage and the stock returns on the Johannesburg Stock Exchange using ARDL bounds testing approach and Vector error correction model. A further analysis on the effects of leverage on volatility was done using a genera...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Danubius University
2017-08-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4082/4143 |