SYSTEMATIC RISK AND CAPITAL STRUCTURE IN THE WEST AFRICAN CONTEXT: The case of companies listed on the Ghanaian stock exchange

Ndiaye, Bara

ISBN 10: 6200972796 / ISBN 13: 9786200972798

Published by Our Knowledge Publishing, 2020

About this Item

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Seller Inventory # 401032511

Bibliographic Details

• Title: SYSTEMATIC RISK AND CAPITAL STRUCTURE IN THE WEST AFRICAN CONTEXT: The case of companies listed on the Ghanaian stock exchange
• Publisher: Our Knowledge Publishing
• Publication Date: 2020
• Language: English
• ISBN 10: 6200972796
• ISBN 13: 9786200972798
• Binding: Soft cover
• Condition: New

About this title

Synopsis

This book is based on applied research on companies listed on the Ghanaian stock exchange and focuses on the analysis of the link between capital structure and the level of market risk.The finding is that a direct application of some financial models to data from emerging equity markets in general and West African markets in particular, may cause a bias in the results obtained. Indeed, these exchanges are known to be inefficient and illiquid with a limited number of listed companies. These particularities then strongly differentiate them from major financial markets such as the NYSE, from which most of the models used in finance are created and tested.With this in mind, we consider it necessary to revisit the link between the systematic risk coefficient (beta) and the capital structure on a West African stock exchange such as the Ghana Stock Exchange (GSE).