While the whole world is witnessing a paradigm shift from traditional forms of retailing to a modern organized mall-driven sector, Indian retailing cannot float opposite in the direction the global wind blows. In spite of late entry, it is forecasted that the country will be the second largest...

Research Problem: To re-examine the issue of non-linearity in capital structure choices of firms through the application of the hitherto un-applied technique of ‘panel data unconditional quantile regression' with a view to indirectly ascertain the applicability of Trade-off Theory, Agency Cost...

A conceptual framework for intra-firm operating leverage analysis {based on the mechanical analysis of physical leverage (the genesis of the concept of operating leverage)} of a manufacturing firm under condition of future business risk considering a short-term planning horizon, composed of (a)...

This working paper elucidates that the term 'working capital leverage' as per the traditional concept, i.e. the responsiveness of the return on investment (ROI) to changes in the level of current assets (CA) is a misnomer because the leverage effect does not exist for an increase in the level of...

A comprehensive mathematical treatment of the profit elasticity measure of the degree of operating leverage {with special emphasis on the operating break-even point (s)} considering linear and non-linear revenue functions and non-linear (operating) cost functions {yielding non-linear (operating)...

A conceptual framework for intra-firm financing leverage analysis based on the mechanical analysis of physical leverage (the genesis of the concept of financing leverage) of a corporate firm under condition of future business risk considering a short-term planning horizon, composed of (a) an...

Through the present treatise the author endeavours to: (a) formulate the concept of 'corporate de-leverage with fixed revenues' as diametrically opposite to the concept of 'corporate leverage with fixed expenses' and propose:(i) the missing links between the traditional operating and financial...