Hsueh, Chien-Hung; Huang, Shaio-Yan; Chen, Yu-Cheng - In: International Journal of Accounting, Auditing and … 3 (2006) 1, pp. 98-132
Taiwan is the only country requiring public firms to disclose the degree of leverage (DOL). Mandatory disclosure of DOL could help amateur investors to get a clear picture of a firm's financial position. This paper tests the relationship between the DOL and the operating risk of companies in...
