An Empirical Comparison of Alternative Methods for the Estimation of the Degree of Operating Leverage
محفوظ في:
| الحاوية / القاعدة: | The Financial Review vol. 27, no. 2 (May 1992), p. 309-321 |
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| المؤلف الرئيسي: | |
| مؤلفون آخرون: | |
| منشور في: |
Blackwell Publishing Ltd.
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| الموضوعات: | |
| الوصول للمادة أونلاين: | Citation/Abstract Full Text - PDF |
| الوسوم: |
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| 100 | 1 | |a Dugan, Michael T | |
| 245 | 1 | |a An Empirical Comparison of Alternative Methods for the Estimation of the Degree of Operating Leverage | |
| 260 | |b Blackwell Publishing Ltd. |c May 1992 | ||
| 513 | |a PERIODICAL | ||
| 520 | 3 | |a 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. | |
| 651 | 4 | |a United States--US | |
| 653 | |a Studies | ||
| 653 | |a Statistical analysis | ||
| 653 | |a Mathematical models | ||
| 653 | |a Estimating techniques | ||
| 653 | |a Operating leverage | ||
| 700 | 1 | |a Shriver, Keith A | |
| 773 | 0 | |t The Financial Review |g vol. 27, no. 2 (May 1992), p. 309-321 | |
| 786 | 0 | |d ProQuest |t ABI/INFORM Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/208186145/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/208186145/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |