Shin, Hyun-Han (contributor); Stulz, René M. (contributor) - 2000 - [Elektronische Ressource]
the firm's market value to its book value,
increases with the firm's systematic equity risk and falls with the firm …'s unsystematic equity risk.
Further, an increase in the firm's total equity risk is associated with a fall in q. The negative … by the ratio of
the firm's market value to the book value of its assets. We find that an increase in systematic
equity …