Results 251 to 260 of about 57,431 (303)
Review of Finance, 2010 Abstract I derive and test implications of the operating leverage hypothesis for the cross-section of expected returns. Using a novel measure of operating leverage, I document that operating leverage predicts returns in the cross-section, and that strategies formed by sorting on operating leverage earn significant excess returns ...
Robert Novy-Marx
openaire +3 more sources
What Does the CAPM Say About Operating Leverage?
Abacus, 2020 We examine the issue of operating leverage and firm value. Johnstone (2020), in this issue, questions existing results which indicate that higher operating leverage results in lower firm value.
Martina K Linnenluecke +2 more
exaly +2 more sources
Product market competition and operating leverage: International evidence*
Journal of Corporate Accounting and Finance, 2022 This study examines the association between product market competition (PMC) and operating leverage for a large sample of international firms from 46 countries spanning the period 1985–2019.
exaly +3 more sources
Operating Liquidity and Financial Leverage: Evidences from Indian Machinery Industry
Procedia, Social and Behavioral Sciences, 2015 Operating liquidity and financial leverage are two significant aspects of overall firm management. This paper analyses the impact of financial leverage on various measures of operating liquidity. Further, we examine the effect of both operating liquidity
Saurabh Chadha
exaly +2 more sources
Some of the next articles are maybe not open access.
Related searches:
Related searches:
OPERATING LEVERAGE AND UNDERINVESTMENT
Journal of Financial Research, 2019AbstractUsing a contingent claims model, we examine the impacts of both operating leverage and financial leverage on a firm's investment decisions in the context of capacity expansion. Our model shows that quasi‐fixed operating costs could significantly mitigate the underinvestment problem for debt‐financed firms.
Feng Jiao +2 more
openaire +1 more source
The Mystery of Operating Leverage
SSRN Electronic Journal, 2020Operating leverage is one of the more popular parameters used in management practice and scientific research. However, its definition and measurement method are not coherent and are presented imprecisely in both textbooks and scientific publications.
openaire +1 more source
Leveraging Knowledge for Operational Excellence
Journal of Knowledge Management, 1997A recognition that pockets of business and process excellence existed alongside mediocrity led Texas Instruments to establish a Best Practice Sharing programme under the direction of the Office of Best Practices. The Office of Best Practices, launched in 1994, is a dedicated unit which helps Texas Instruments’ worldwide businesses to identify, access ...
openaire +1 more source
Leveraging Networks in Future Operations
2022A central player in the DoD’s organizational approach to communications is the Defense Information Systems Agency (DISA). Today, DISA manages the Defense Information Systems Network (DISN)—a communications network serving as the core connectivity between the various networks of the military services and defense agencies, operating around the world and ...
Gregory Sanders, Rhys McCormick
openaire +1 more source
Microeconomic influences on operating leverage
Journal of Economics and Business, 1984Abstract The concept of operating leverage generally has been visualized in the context of linear break-even analysis. This paper evaluates the properties of two measures of the degree of operating leverage using a more general short-run microeconomic model of the firm.
John D. Stowe, Charles A. Ingene
openaire +1 more source