We construct a degree-of-total-leverage framework to test whether and how shifts in product
mix affect earnings volatility at 472 US commercial banks between 1988 and 1995. Our …

This paperwork investigates the relative importance of five factors upon the capital structure
decisions of Romanian firms listed at the Bucharest Stock Exchange and operating in the …

Purpose–The purpose of this paper is to explain the leverage of French wine companies
(410 companies) in the wine industry during the period 2000‐2004. Design/methodology …

The objective of this paper is to analyse the effect that operating leverage exerts on the
profitability of SMEs, both in isolation and indirectly through its other determinants. We use …

Empirical models of a potential failure process that incorporate distress states between the
extremes of corporate health and bankruptcy are uncommon. We depict financial distress as …

Recent theoretical models (Carlson, Fisher, and Giammarino, 2004) predict an association
between the book‐to‐market equity ratio (BE/ME) and operating leverage in the cross …

We examine the relationship between corporate social responsibility (CSR) and firms'
degrees of operating (DOL) and financial leverage (DFL). Combining the enlightened value …

Australian credit unions (CUs) have introduced new fee generating activities, increased
transaction fees on existing products, and diversified into residential mortgages. Using …

We examine how production flexibility affects financial leverage. A worldwide sample of
energy utilities allows us to apply direct measures for production flexibility based on their …

When making going concern assessments, Statement on Auditing Standards No. 59
(Auditing Standards Board 1988) directs auditors to consider the nature of management's …