The DOL-DFL Nexus: The Relationship between the Degree of Operating Leverage (DOL) and the Degree of Financial Leverage (DFL)
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- Mandelker, Gershon N. & Rhee, S. Ghon, 1984. "The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 19(1), pages 45-57, March.
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"The trade-off theory revisited: on the effect of operating leverage,"
International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 10(1), pages 2-22, January.
- Kristoffer Glover & Gerhard Hambusch, 2013. "The Trade-off Theory Revisited: On the Effect of Operating Leverage," Research Paper Series 329, Quantitative Finance Research Centre, University of Technology, Sydney.
- Chen, Zhiyao & Harford, Jarrad & Kamara, Avraham, 2019. "Operating Leverage, Profitability, and Capital Structure," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 54(1), pages 369-392, February.
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Cited by:
- Marco A. Paganini, 2022. "New Concepts about DOL-DFL Nexus: The Relationships with Market Sensitivities, Firm-Specific Risk and Other Issues," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 14(1), pages 1-16, January.
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JEL classification:
- R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
- Z0 - Other Special Topics - - General
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