Search Results - subject:"Operating leverage"

Analytical redefinition of DOL and managerial investment decisions

Kroll, Yoram; Yechiam Aharon, David - In: Managerial Finance 40 (2014) 7, pp. 734-754

Purpose – The purpose of this paper is to develop alternative analytical measures for the degree of operating leverage …

Persistent link: https://www.econbiz.de/10014941661

Corporate leverage, financial efficiency, and the decision of Indian firms about the amount of dividends

Gill, Amarjit; Biger, Nahum; Mand, Harvinder S. - In: International journal of business and globalisation : IJBG 11 (2013) 3, pp. 258-274

Persistent link: https://www.econbiz.de/10010389055

A value premium without operating leverage

Guthrie, Graeme - In: Finance Research Letters 10 (2013) 1, pp. 1-11

The existing real options literature explains the value premium as a consequence of either operating leverage raising …

Persistent link: https://www.econbiz.de/10010617319

Operating Leverage, Stock Market Cyclicality, and the Cross-Section of Returns

Gourio, Francois - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051374

The association between accounting and market-based risk measures

Toms, Steven; Salama, Aly; Nguyen, Duc Tuan - York Management School, University of York - 2005

The paper derives operating and financial measures of leverage and tests their association with market based measures of equity risk. It is the first such study to use purely accounting-based data to derive the leverage measures. In line with previous literature it conducts a new test on the...

Persistent link: https://www.econbiz.de/10005817083

Effect of innovation on airlines' operating leverage: A Spanish case study

Nicolau, Juan Luis; Santa-María, María Jesús - In: Journal of Air Transport Management 25 (2012) C, pp. 44-46

This article assesses potential variations in the risk to an airline's market value resulting from incurring high investments in innovations. This can be important for airlines, whose large fixed costs and high operational leverage make their commercial viability heavily dependent on revenue...

Persistent link: https://www.econbiz.de/10011162749

The operating leverage impact on systematic risk within a context of choice: An analysis of the US trucking industry

Houmes, Robert E.; MacArthur, John B.; Stranahan, Harriet - In: Managerial Finance 38 (2012), pp. 1184-1202

effect of operating leverage on equity Betas when managers have discretion over firms' cost structures. Design … alternatively measured proxies for operating leverage: degree of operating leverage, assets in place and percentage of company … authors examine the effect of operating leverage (OL) on Betas when managers have discretion over firms' cost structures …

Persistent link: https://www.econbiz.de/10010611011

Labor Intensity and Expected Stock Returns

Pontuch, Peter; Chemla, Gilles - Université Paris-Dauphine (Paris IX) - 2012

show that labor intensity is positively associated with operating leverage, at least in the small and medium-sized firms … labor intensity after controlling for traditional risk factors. In particular, the labor-induced operating leverage does not …

Persistent link: https://www.econbiz.de/10010706486

The operating leverage impact on systematic risk within a context of choice : An analysis of the US trucking industry

Houmes, Robert E.; MacArthur, John B.; Stranahan, Harriet - In: Managerial Finance 38 (2012) 12, pp. 1184-1202

Persistent link: https://www.econbiz.de/10014940273

Pengaruh Likuiditas, Laba, Kebijakan Hutang, dan Operating Leverage Terhadap Price To Book Value pada Perusahaan Real Estate dan Property yang Terdaftar di Bursa Efek Indonesia (BE...

Daris - 2011

This study aims to analyze the influence of Liquidity, Earning, Debt Policy, and Operating Leverage, either partially … (CR), Operating Earning (OE), Debt to Asset Ratio (DAR), and Degree of Operating Leverage (DOL) with Price to Book Value … Ratio, and Degree of Operating Leverage have a significant influence on Price to Book Value ratio. Partially, only variables …

Persistent link: https://www.econbiz.de/10009464670