The Systematic Risk Behavior in the Life Cycle Stages of Companies and the Moderating Effect of Managerial Ability
Publish Year: 1399
نوع سند: مقاله ژورنالی
زبان: Persian
View: 186
This Paper With 18 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_IJAAF-4-2_001
تاریخ نمایه سازی: 13 آذر 1400
Abstract:
Firm characteristics influence systematic risk and, according to life cycle theory, these characteristics change over the life cycle following a predetermined pattern. Therefore, changes in systematic risk are expected following a predicted pattern. Given the different nature of companies and the different abilities of managers in various industries and different stages of the life cycle, it can be assumed that systematic risk in different industries and the ability to manage to affect this relationship. Therefore, the purpose of this paper is to investigate the systematic risk behavior over the life cycle and the moderating role of management ability. So, the systematic risk of ۱۲۴ companies listed on the Stock Exchange during the years ۲۰۱۱-۲۰۱۷ and during different stages of the life cycle using three models of Anthony and Ramesh (۱۹۹۲), Dickinson (۲۰۱۰) and Saravia et al. (۲۰۱۶) and methodology Data were analyzed by simple regression and T-Student. The results show that corporate life cycle risk behaves differently in some industries such as basic steel and sugar and food industries except sugar. The management ability as a moderator relationship over the whole company rather than industry-level is effective in this relationship.
Keywords:
Authors
Reyhaneh Haghighi
Faculty of Economics and Administrative sciences, Ferdowsi University of Mashhad, Mashhad, Iran
مراجع و منابع این Paper:
لیست زیر مراجع و منابع استفاده شده در این Paper را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود Paper لینک شده اند :