Using the Factor and Optimization Models for Operation Leverage Control

Authors

  • Любовь Юрьевна Ласкина St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

Abstract

This paper suggests the models considering influence on the level of operation leverage of factors which describe the financial state of enterprise: break-even sales, return on sales, asset turnover, fixed costs and return on equity. Optimization model developed on the basis of correlation between break-even sales and DOL allows to determine the admissible level of operation risk for an enterprise. This paper is of practical importance.

Keywords:

Risk management

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Author Biography

Любовь Юрьевна Ласкина, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

соискатель

References

Литература на русском языке

Заров К. Г. Операционный леверидж как универсальный инструмент принятия управленческих решений // Финансовый менеджмент. 2006. № 1. С. 14–19.

Ковалев В. В. Финансовый менеджмент: теория и практика. М., 2006. С. 529.

Финансовый менеджмент: теория и практика. М., 2000. С. 203.

Ченг Ф. Ли, Финнерти И. Финансы корпораций: теория, методы и практика. М., 2000. С. 32.


References in Latin Alphabet

McDaniel Wm R. Operating Leverage and Operating Risk // Journal of Business Finance & Accounting. 1984. N 11 (1). Spring. P. 113–125.


Translation of references in Russian into English

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Published

2007-12-31

How to Cite

Ласкина, Л. Ю. (2007). Using the Factor and Optimization Models for Operation Leverage Control. St Petersburg University Journal of Economic Studies, (4), 175–179. Retrieved from https://economicsjournal.spbu.ru/article/view/3953

Issue

No. 4 (2007)

Section

Short Scientific Reports

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.