RMB exchange rate has a quicker response to information after the reform. The return has neither a characteristic of leverage effect nor a risk premium effect.
We argue that the interference of government to corporate debt financing has weakened the financial leverage effect on corporate values and risk of profit.
The price volatility of fund market has a characteristic of leverage effect.
The acting force of prying and pressing marks is leverage effect which is different from that of hitting marks, impact effect.
Debt financing has leverage effect and tax benefit.
The conclusion is that the leverage effect and week effect is obvious for waving of in the Shanghai and Shenzhen stock index.
Some funds use leverage effect only in order to reduce losses, as it is not enough.
The results showed that the daily yield of China' s stock market had obvious heteroscedasticity, volatility, aggregation, sustainability and leverage effect.
There is delay reaction and converse reaction to good news and overreaction to bad news. These phenomena show the existence of leverage effect in China stock market.
The several GARCH models show that there is asymmetric and spillover effects and leverage effects between two markets.
Find purchase transeunt funds and bridge funds for purchasers, then to increase the rate of return through leverage effect.
Further, ARMA-GJR-M model is obtained to reflect leverage effect of good and bad news on the volatility.
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