negative relation between profitability and financial leverage that is thought to be inconsistent with the trade-off theory …Operating leverage increases profitability and reduces optimal financial leverage. Thus, operating leverage generates a …, but is commonly observed in the data. We demonstrate the effect of operating leverage on firms' profitability and …

This paper presents analysis of profitability indicators of Polish construction companies threatened with bankruptcy … generating positive and negative financial results (both EBIT and net financial results). Moreover, the operating profitability …

bank. This reflects a higher margin/profitability. However, it also shows less efficiency of the intermediation mechanism …. Using literature research, this study aims to understand how the mechanism of Profit and Loss Sharing System (Islamic …-offs associated with the micro and macro objectives of banking.Findings - In the profit and loss sharing system made accessible …

profitability and solvency. Using cross-sectional data covering over 25,000 firms worldwide and by employing various empirical …

We develop a firm valuation model with repeated expansion and contraction options to show operating profitability is a … as profitability falls, lowering the firm beta. Consistent with the predictions, operating profitability relates … losers with diverging operating profitability. Corroborating a risk-based explanation, the momentum results remain …

This paper offers an alternative theory of corporate finance, to replace the invalid MM theorem. It derives the optimal …

We revisit the well-established puzzle that leverage is negatively correlated with measures of profitability. In … between profitability and leverage is positive. At other times, it is negative. These results are consistent with dynamic … profitability in the quarters prior to rebalancing events match the patterns predicted by these models. Our results are not driven …

Building the future profit and loss (P&L) distribution of a portfolio holding, among other assets, highly non …

We investigate the relationship between profitability and financial leverage for US listed non-financial corporations …-cost mark-ups notwithstanding high product similarity, the relationship between profitability and financial leverage is negative …. Instead, in the rest of the markets we find a positive relationship, consistent with the dynamic trade-off theory of corporate …