Returns to scale, operating leverage, and expected stock returns
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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
Operating Leverage, Equity Incentive, and Enterprise Research and Development Investment
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DOI: 10.3390/su15097023
Abstract: Science and technology innovation plays a vital role in the sustainable development of enterprises, and even in the security and sustainable development of a nation. Against the background of China’s structural “deleveraging” macro policy, the… read more here.
Keywords: equity; leverage; operating leverage; innovation investment ... See more keywords