Houmes, Robert E.; MacArthur, John B.; Stranahan, Harriet - In: Managerial Finance 38 (2012) 12, pp. 1184-1202
effect of operating leverage on equity Betas when managers have discretion over firms' cost structures. Design … alternatively measured proxies for operating leverage: degree of operating leverage, assets in place and percentage of company … authors examine the effect of operating leverage (OL) on Betas when managers have discretion over firms' cost structures …