Stelk, Steven; Park, Sang Hyun; Dugan, Michael T - In: Journal of Financial Economic Policy 7 (2015) 2, pp. 180-188
Purpose – This paper aims to identify the more accurate method of estimating a firm’s degree of operating leverage ( DOL ) between two popular DOL estimation techniques: that proposed by Mandelker and Rhee (M&R), and that proposed by O’Brien and Vanderheiden (O&V)....