An Empirical Comparison of Alternative Methods for the Estimation of the Degree of Operating Leverage
সংরক্ষণ করুন:
| প্রকাশিত: | The Financial Review vol. 27, no. 2 (May 1992), p. 309-321 |
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| প্রধান লেখক: | |
| অন্যান্য লেখক: | |
| প্রকাশিত: |
Blackwell Publishing Ltd.
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| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | Citation/Abstract Full Text - PDF |
| ট্যাগগুলো: |
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| সার সংক্ষেপ: | There is much diversity in the approaches used to estimate the degree of operating leverage in empirical financial research. Two techniques for the estimation of the degree of operating leverage coefficients are analyzed and compared using a sample of 245 firms in 7 different industries over 2 alternative estimation periods. The results indicate that the O'Brien and Vanderheiden (1987) estimation technique differs significantly from the Mandelker and Rhee (1984) estimation technique. Furthermore, the O'Brien and Vanderheiden estimates appear to be more consistent with the classical ex ante model of degree of operating leverage coefficients. These results may facilitate future research on the estimation of the degree of operating leverage and on the relationship between operating leverage and systematic risk. |
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| আইএসএসএন: | 0732-8516 1540-6288 0066-5363 |
| সম্পদ: | ABI/INFORM Global |