Now showing items 1-2 of 2

    • Inflexible firm commitments, operating leverage risk and expected returns 

      Doğan, Figen Güneş (Bilkent University, 2015-07)
      Labor is one of the most important input to the firm. Firms pay wages to employees in return for their human capital. Operating leases are the largest source of external financing to the firm. Labor costs and non-cancellable ...
    • Non-cancellable operating leases and operating leverage 

      Dogan, F. G. (Blackwell Publishing Ltd, 2016)
      This paper explores the link between a firm's non-cancellable operating lease commitments and stock returns. Firms with more operating lease commitments earn a significant premium over firms with fewer commitments, and ...