Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    Firm life cycle, corporate risk-taking and investor sentiment

    Access Status
    Fulltext not available
    Authors
    Habib, A.
    Hasan, Mostafa
    Date
    2015
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Habib, A. and Hasan, M. 2015. Firm life cycle, corporate risk-taking and investor sentiment. Accounting and Business Research. 57 (2): pp. 465–497.
    Source Title
    Accounting and Business Research
    DOI
    10.1111/acfi.12141
    ISSN
    00014788
    School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/44409
    Collection
    • Curtin Research Publications
    Abstract

    This study investigates the corporate risk-taking and the performance consequences at different stages of the firm life cycle. We find that risk-taking is higher in the introduction and decline stages of the life cycle, but lower in the growth and mature stages. We also find that risk-taking during introduction and decline stage (growth and maturity stage) affects future performance adversely (positively). We also document that managerial risk-taking propensities increase during periods of high investor sentiment and firms in different life cycle stages respond to sentiment differently. Collectively, these results suggest that the firm life cycle has explanatory power for corporate risk-taking behaviour.

    Related items

    Showing items related by title, author, creator and subject.

    • Risk Committee, Firm Life Cycle, and Market Risk Disclosures
      Hadi-Al, A.; Hasan, Mostafa; Habib, A. (2015)
      Manuscript Type – Empirical. Research Question/Issue - This study investigates whether the existence of a separate risk committee and risk committee characteristics are associated with market risk disclosures. It also ...
    • Does a Firm’s Life Cycle Explain Its Propensity to Engage in Corporate Tax Avoidance?
      Hasan, Mostafa; Al-Hadi, A.; Taylor, G.; Richardson, G. (2016)
      This study examines whether a firm’s life cycle explains its propensity to engage in corporate tax avoidance. Based on the Dickinson (2011) model of firm life cycle stages and a large dataset of US publicly listed firms ...
    • Corporate life cycle, organizational financial resources and corporate social responsibility
      Hasan, Mostafa; Habib, A. (2017)
      © 2017 Elsevier LtdThis study examines the association between the corporate life cycle and corporate social responsibility (CSR). Motivated by the resource-based theory, we hypothesize and find supportive evidence that ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.