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Contraction flexibility, operating leverage, and financial leverage
Journal of Management Science and Engineering, 2020 This study investigates the impacts of contraction flexibility and operating leverage on financial leverage from the perspective of the agency conflict between shareholders and debtholders.
Zhun Li, Qiang Li, Yong Zeng
exaly +4 more sources
Predicting Operating Income via a Generalized Operating-Leverage Model
International Journal of Financial Studies, 2023 We propose a generalized, practitioner-oriented operating-leverage model for predicting operating income using net sales, cost of sales, depreciation, and SG&A.
Sherwood Lane Lambert +2 more
doaj +2 more sources
Determining Force behind Value Premium: The Case of Financial Leverage and Operating Leverage [PDF]
Journal of Risk and Financial Management, 2020 The determining force behind the value premium is the matter of debate among the researchers. Some are of the opinion that the financial distress risk determines value premium whereas other theorize that value premium is basically the compensation for operating leverage (investment activity risk).
Muhammad Kashif +2 more
exaly +4 more sources
Audit Fees: A Further Evidence of the Role of Financial and Operating Liability Leverage [PDF]
بررسیهای حسابداری و حسابرسی, 2021 Objective: The aim of this study is to investigate the relationship between the debt leverage and the audit fees in the Tehran Stock Exchange. We considered the impact of the operating and financial liability leverage variables. In addition, the existing
Mohsen Imeni, Abbas Ali Daryaei
doaj +1 more source
THE IMPACT OF DEGREE OF FINANCIAL LEVERAGE AND DEGREE OF OPERATING LEVERAGE ON THE SYSTEMATIC RISK OF COMMON STOCK [PDF]
Malaysian E Commerce Journal, 2020 The aim of this study is that the to evaluate the effect of financial leverage and operating leverage on the systematic risk of stock. In trendy competitive business era, the power to extend come of the firm is usually depends on economical use of ...
Khadija Younas, Muhammad Sarmad
doaj +1 more source
The Review of Asset Pricing Studies, 2021 Abstract We examine a simple measure of operating leverage: the ratio of fixed costs (measured by depreciation and amortization plus selling, general, and administrative expenses) to the market (or book) value of assets. We find that this measure of operating leverage positively predicts returns.
Huafeng (Jason) Chen +3 more
openaire +1 more source
The Impact of Asset Structure on a Company’s Financial Results Stability
Finanse i Prawo Finansowe, 2022 The purpose of the article is to examine the impact of asset structure on the stability of financial results of companies. The article verifies two hypotheses: 1.
Artur Zimny
doaj +1 more source
New Applicable Approach to Examine The Leverage–Value Relationship [PDF]
المجلة العربية للإدارة, 2015 Many literatures studied the relationship between the leverage and the value of firms. Some studies found no relationship and other studies show that the relationship is positive, however, another studies show that the relationship is negative. Therefore,
Sahar M. R. Mahran
doaj +1 more source
Jurnal Riset Manajemen Sains Indonesia, 2016 The purpose of this study was to analyze the influence of capital labour intensive, investment, managerial ownership, operating leverage, dividend and financial leverage on the firm value of Indonesia non financial sector companies, the influence of ...
Robi Nugraha
doaj +1 more source
Leverage structure and stock price synchronicity: Evidence from China.
PLoS ONE, 2020 This paper investigate the impact of leverage structure on stock price synchronicity. To better understand the mechanism of the impact of leverage, we break leverage into operating leverage and financing leverage.
Xiang Zhang, Han Zhou
doaj +1 more source