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    • Leverage, Volatile Future Earnings Growth and Expected Stock Returns 

      Alcock, Jamie; Steiner, Eva; Tan, Kelvin Jui Keng (2014-08-07)
      We provide theory and evidence to complement Choi's [RFS, 2013] important new insights on the returns to equity in `value' firms. We show that higher future earnings growth ameliorates the value-reducing effect of leverage ...