The independent variables include the natural log of total assets, changes in financial characteristics (financial leverage, profit margin, asset turnover, current ratio, days cash on hand, days patient accounts receivable, average age of plant, and total salary to revenue), and three dummy variables: public hospital, nonprofit hospital, and urban hospital.
The independent variables include the natural log of total assets, financial leverage, profit margin, asset turnover (sales to asset), current ratio, days cash on hand, days patient accounts receivable, average age of plant, total salary to revenue, and three dummy variables: public hospital, nonprofit hospital, and urban hospital.
In terms of elasticity, project profitability is a much stronger influence than the degree of operating leverage on profit sensitivity to risk.
They can short shares, meaning they sell them and buy them back later, with luck at a lower price, so they can make money in falling markets; and they use leverage to profit from small pricing anomalies.
Acquiring adtech companies allows telecom providers to leverage and profit from their biggest asset — unique consumer data.
Much as private-equity firms like to extoll the brilliance of their M.B.A.-holding partners and associates, this isn't a difficult concept, which raises the question of why public companies don't embrace the same high-leverage, high-profit model.
The system is vast: hundreds of small liberal-arts colleges; a new and highly leveraged for-profit sector that offers degrees online; community colleges; state universities whose budgets are being cut because of the recession; and the big-name private universities, which get the most attention.
Social-impact-bonds pilots have leveraged for-profit entrepreneurs to find jobs for the previously incarcerated.
But magnified by high leverage, the profits to Blackstone funds were quick and stunning they showed annualized return rates of up to 80%.
