Ogungbenle, Gbenga Michael; Ihedioha, Silas Abahia; Zayed, Nurul Mohammad
(Daffodil International University, 2021-06-30)
Leverage effect specifies the functional relationship between stock returns and volatility. As stock price declines, volatility tends to rise. Thus, the variability in market prices of a company's stock has pervasive effect ...