Corporate Leverage - Revisited

Through the present treatise the author endeavours to: (a) formulate the concept of 'corporate de-leverage with fixed revenues' as diametrically opposite to the concept of 'corporate leverage with fixed expenses' and propose:(i) the missing links between the traditional operating and financial (or financing) leverages, and (ii) the modified classification of corporate leverage (and de-leverage), with the introduction of fixed operating revenues, fixed non-operating revenues and fixed non-operating expenses hitherto absent in the traditional analysis of corporate leverage; (b) generalize the concepts and theories of 'corporate leverage with fixed expenses' and 'corporate de-leverage with fixed revenues'; and (c) apply the general theories {mentioned in (b) above} to re-analyse the traditional corporate leverages and to analyse the proposed corporate leverages and de-leverages