Topics In Finance Part III - Leverage
Main Article Content
Keywords
operating leverage, financial leverage, stockholder wealth maximization, agency theory
Abstract
This article investigates operating and financial leverage from the perspective of the financial manager, accenting the relationships to stockholder wealth maximization (SWM), risk and return, and potential agency problems. It also covers some of the pertinent literature related specifically to the implications of operating and financial risk and the associated measurement dilemmas.
Downloads
Download data is not yet available.