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A note on operating leverage and expected rates of return
Finance Research Letters, 2006Conventional wisdom, repeated in standard corporate finance texts, is that greater operating leverage increases systematic risk and therefore leads to a higher expected rate of return earned by a firm's owners. This paper shows that the relationship between operating leverage and the expected rate of return is actually non-monotonic when allowance is ...
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Leveraging Cyberspace in Counterinsurgency Operations
2010Abstract : Military forces today are facing traditional, irregular, catastrophic, and disruptive challenges. U.S. military forces are conducting counterinsurgency operations (COIN) in populated neighborhoods amongst innocent people. The enemy is using insurgency and hybrid warfare to make it more difficult for the United States and coalition forces to ...
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Leveraging Coproduction to Bridge Research and Operations in Operational Meteorology
Weather and ForecastingAbstract The benefits of collaboration between the research and operational communities during the research-to-operations (R2O) process have long been documented in the scientific literature. Operational forecasters have a practiced, expert insight into weather analysis and forecasting but typically lack the time and resources for formal research and ...
David R. Harrison +5 more
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Non-cancellable operating leases and operating leverage
2018This paper explores the link between a firm's non-cancellable operating lease commitments and stock returns. Firms with more operating lease commitments earn a significant premium over firms with fewer commitments, and this premium is countercyclical. Non-cancellable operating lease payments represent a major claim on a firm's cash flows.
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OPERATING LEVERAGE AND OPERATING RISK
Journal of Business Finance & Accounting, 1984openaire +1 more source
The relationship between operating leverage and financial leverage
Accounting and Finance, 2020Sudipto Sarkar
exaly
Market operating leverage and expected stock returns
Journal of Corporate Accounting and Finance, 2022Roi D Taussig
exaly
Operating Leverage, Equity Incentive, and Enterprise Research and Development Investment
Sustainability, 2023Hui Tan, Lili Zeng, Zeng Lili
exaly

