Taussig, Roi D.; Akron, Sagi - In: Eurasian business review 7 (2017) 1, pp. 141-155
The asset pricing literature demonstrates a positive association between operating leverage and expected stock returns …. We uniquely examine the predictive power of operating leverage on expected stock returns, in light of the industry … relation between operating leverage and the cross-section expected stock returns appears only when the production returns to …