A conceptual framework for intra-firm financing leverage analysis based on the mechanical analysis of physical leverage (the genesis of the concept of financing leverage) of a corporate firm under condition of future business risk considering a short-term planning horizon, composed of (a) an...

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...

Research Problem: To re-examine the issue of non-linearity in capital structure choices of firms through the application of the hitherto un-applied technique of ‘panel data unconditional quantile regression' with a view to indirectly ascertain the applicability of Trade-off Theory, Agency Cost...

This working paper elucidates that the term 'working capital leverage' as per the traditional concept, i.e. the responsiveness of the return on investment (ROI) to changes in the level of current assets (CA) is a misnomer because the leverage effect does not exist for an increase in the level of...