Dugan, Michael T.; Medcalfe, Simon K.; Park, Sang Hyun - In: Journal of Financial Economic Policy 10 (2018) 4, pp. 473-483
Purpose: This paper aims to attempt to perform a test of the operating leverage-financial leverage tradeoff hypothesis that is more methodologically consistent with the logical framing of the hypothesis appearing in the Mandelker and Rhee (1984) paper. Design/methodology/approach: The paper...