simple linear estimation methods. Consistently with a large class of neoclassical investment models, I construct the state …

12 of a projected 25), it is vital to understand that production cost is a fundamental. Moreover, marginal production … requirements and associated production costs are a critical factor in setting prices: the 4,500 meter drill pipe used offshore … conclusions about causality. Data on production costs are abundant and transparent. In this brief paper, we present simple …

, Daimler, and BMW. The object of investigation is the beta coefficient that determines the risk premium in the Capital Asset …

We extend Jin and Myers’ (2006) model to derive the relation between stock price crash risk and operating leverage (i … price crash risk increases, and (ii) the negative effect of crash risk on operating leverage is more pronounced when firms … that higher crash risk leads to a less sticky cost behavior. In addition, crash-risk-driven operating deleveraging …