J. Glover, Kristoffer; Hambusch, Gerhard - In: International Journal of Managerial Finance 10 (2014) 1, pp. 2-22
Purpose – The purpose of this paper is to investigate the effect of operating leverage, and the subsequent abandonment … (DOL) and a non-zero value to the implicit abandonment option of the firm's manager. Solving for the firm's optimal timing …