Corporat leverage - revisited

Book Description

This scholarly work presents a comprehensive reexamination of corporate financial principles through an expanded analytical framework. Author Sandip Sinha challenges conventional understanding by introducing the groundbreaking concept of "corporate de-leverage with fixed revenues," positioning it as the counterpart to traditional "corporate leverage with fixed expenses."

The treatise systematically addresses gaps in established financial theory by identifying previously unexplored connections between operating and financial leverages. Sinha proposes a modified classification system that incorporates fixed operating revenues, fixed non-operating revenues, and fixed non-operating expenses—elements notably absent from conventional corporate leverage analysis.

Through rigorous theoretical development, the author generalizes both traditional leverage concepts and his newly proposed de-leverage framework. This generalization enables fresh perspectives on familiar financial mechanisms while providing analytical tools for understanding the proposed leverage and de-leverage categories.

The work demonstrates practical application by re-analyzing established corporate leverages through this enhanced theoretical lens. Readers will discover how these expanded concepts illuminate financial relationships that traditional models may overlook.

Written for finance professionals, academics, and advanced students seeking deeper understanding of corporate financial structures, this monograph offers both theoretical innovation and practical analytical methods. The multiple revised editions reflect the author's commitment to refining these complex concepts for maximum clarity and applicability in contemporary financial analysis.