Since 2014
The Moderating Role of Corporate Governance on the Relationship between a Firm’s Product Lifecycle and Risk-Taking
Asian Journal of Accounting and Governance
View Archive Info| Field | Value | |
| Title |
The Moderating Role of Corporate Governance on the Relationship between a Firm’s Product Lifecycle and Risk-Taking
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| Creator |
Namazi, Mohammad
Hosseini-Nia, Somayyeh |
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| Subject |
Risk-taking; product lifecycle; corporate governance; agency theory
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| Description |
Management accounting theories claim that firms experience different risks during different stages of a product’s lifecycle. This study examines the moderating role of corporate governance on the relationship between a firm’s product lifecycle and its risk- taking aspects. The study was conducted from 2006 to 2014 in the Tehran Stock Exchange. We conducted a statistical panel data analysis and the sample consisted of 128 firms (1,152 firm-year observations). The results showed that the decline stage of the product life cycle is the only stage that would affect the risk-taking of the selected firms. Conceivably, there is a positive relationship between the decline stage of the product lifecycle and risk-taking. In addition, the results indicate a positive relationship between the growth and decline stages of a firm’s product lifecycle and its risk-taking when corporate governance plays a moderating role. In short, when corporate governance acts as a moderating variable, the relationship between a firm’s product lifecycle and its risk-taking is lower than the time when there is no such variable. Hence, regulators and managers should consider the role of corporate governance in all the stages of a product’s lifecycle to ensure successful firm decisions and strategies.
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| Publisher |
Penerbit UKM
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| Contributor |
shiraz university
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| Date |
2017-11-17
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://ejournal.ukm.my/ajac/article/view/15968
10.17576/AJAG-2017-08-08 |
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| Source |
Asian Journal of Accounting and Governance; Vol 8 (2017); 87-100
2180-3838 |
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| Language |
eng
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| Relation |
http://ejournal.ukm.my/ajac/article/view/15968/6679
http://ejournal.ukm.my/ajac/article/downloadSuppFile/15968/7394 http://ejournal.ukm.my/ajac/article/downloadSuppFile/15968/7395 |
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