... 07 2024 02 12 2024 07 03 2025 14 04 2025 © Emerald Publishing Limited 2025 Emerald Publishing Limited Licensed re-use rights only Operational hedge Crash risk Operating leverage Earnings management Liquidity D24 G10 G30 M41 Kogan et al...

... is based on a panel data regression where we use an extended sample period and a time-series regression-based elasticity measure of operating leverage. Findings We document significantly higher systematic risk among firms with large fixed costs, a conclusion which confirms theoretical predictions...

...Yoram Kroll; David Yechiam Aharon Purpose – The purpose of this paper is to develop alternative analytical measures for the degree of operating leverage (DOL) that reflect the impact of uncertain demand shocks in the product's market on optimal production levels, sales and profits...

... of operating leverage on equity Betas when managers have discretion over firms' cost structures. Design/methodology/approach Using panel data for publicly listed trucking firms over years 1994‐2006, market model Betas are regressed on controls and alternatively measured proxies for operating leverage...