Firm life cycle, corporate risk-taking and investor sentiment
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...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Routledge
2015
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/44409 |