Bhattacharjee, Arnab; Higson, Chris; Holly, Sean - Department of Accountancy, Economics and Finance, … - 2014
‘Operating leverage’describes the extent to which a …Firm’s operating costs are fi…xed in the short term. Operating leverage ampli…es the earnings impact of a change in revenues; an effect which is further amplified by fi…nancial leverage and by non-proportionality in...