The Leverage Effect - Uncovering the true nature of U.S. asymmetric volatility
The topic of this thesis is the leverage effect i.e. asymmetric volatility. The leverage effect describes the negative relationship between asset value and volatility. The purpose is to examine if firm specific variables impact the size of the leverage effect, in order to bring additional insights into the missing gap in the research field. The study is conducted on 1,311 U.S. companies active on
