Returns to scale, operating leverage, and expected stock returns
Sign Up to like & getrecommendations! Published in 2017 at "Eurasian Business Review"
DOI: 10.1007/s40821-016-0053-5
Abstract: 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 returns to… read more here.
Keywords: expected stock; returns scale; operating leverage; stock returns ... See more keywords