Corporat leverage - revisited
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About This Book
A monograph extending the traditional classification and analysis of the traditional corporate leverages .
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 ( or financing ) leverages ,
and
( ii ) the modified classification of corporate leverage ( and de - leverage ) ,
with the introduction of fixed operating revenues , fixed non - operating revenues and fixed non - operating expenses ,
hitherto absent in the traditional analysis of corporate leverage ;
( b ) generalize the concepts and theories of ‘ corporate leverage with fixed expenses ’ and ‘ cor -
porate de - leverage with fixed revenues ’ ; and
( c ) apply the general theories { mentioned in ( b ) above } to re - analyse the traditional corporate
leverages and to analyse the proposed corporate leverages and de - leverages .
First Edition ( NOVEMBER 2009 ) ; 2nd Revised Edition ( JANUARY 2010 ) , 3rd revised edition ( April , 2010 )
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 ( or financing ) leverages ,
and
( ii ) the modified classification of corporate leverage ( and de - leverage ) ,
with the introduction of fixed operating revenues , fixed non - operating revenues and fixed non - operating expenses ,
hitherto absent in the traditional analysis of corporate leverage ;
( b ) generalize the concepts and theories of ‘ corporate leverage with fixed expenses ’ and ‘ cor -
porate de - leverage with fixed revenues ’ ; and
( c ) apply the general theories { mentioned in ( b ) above } to re - analyse the traditional corporate
leverages and to analyse the proposed corporate leverages and de - leverages .
First Edition ( NOVEMBER 2009 ) ; 2nd Revised Edition ( JANUARY 2010 ) , 3rd revised edition ( April , 2010 )
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