Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research
Corporate life cycle has received considerable interest in the accounting, finance and corporate governance literature. We synthesize this literature to inform readers about the valuable insights gained from these studies, and to outline knowledge gaps and future research directions. Although papers...
| Main Authors: | , |
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| Format: | Journal Article |
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Elsevier BV
2018
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| Online Access: | http://hdl.handle.net/20.500.11937/74345 |
| _version_ | 1848763249059692544 |
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| author | Habib, A. Hasan, Mostafa |
| author_facet | Habib, A. Hasan, Mostafa |
| author_sort | Habib, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Corporate life cycle has received considerable interest in the accounting, finance and corporate governance literature. We synthesize this literature to inform readers about the valuable insights gained from these studies, and to outline knowledge gaps and future research directions. Although papers studying the determinants of corporate life cycles are few in number, our review suggests that managerial efficiencies, flexibility, and the resource-base of the firm drive the transition through the corporate life cycle. The bulk of the reviewed papers examine the implications of firm life cycle studies, and we categorize these into three groups: (i) financial reporting and management accounting implications, (ii) financial policy implications, and (iii) corporate governance implications. Our review suggests that the corporate life cycle has considerable effects on firms’ financial reporting and corporate disclosures, corporate investment, financing and dividends decisions; and on corporate governance and socially responsible behavior. In surveying the growing body of literature on the corporate life cycle, we identify critical short-comings of past studies, and offer suggestions for future studies. |
| first_indexed | 2025-11-14T11:00:27Z |
| format | Journal Article |
| id | curtin-20.500.11937-74345 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:00:27Z |
| publishDate | 2018 |
| publisher | Elsevier BV |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-743452019-07-18T03:28:40Z Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research Habib, A. Hasan, Mostafa Corporate life cycle has received considerable interest in the accounting, finance and corporate governance literature. We synthesize this literature to inform readers about the valuable insights gained from these studies, and to outline knowledge gaps and future research directions. Although papers studying the determinants of corporate life cycles are few in number, our review suggests that managerial efficiencies, flexibility, and the resource-base of the firm drive the transition through the corporate life cycle. The bulk of the reviewed papers examine the implications of firm life cycle studies, and we categorize these into three groups: (i) financial reporting and management accounting implications, (ii) financial policy implications, and (iii) corporate governance implications. Our review suggests that the corporate life cycle has considerable effects on firms’ financial reporting and corporate disclosures, corporate investment, financing and dividends decisions; and on corporate governance and socially responsible behavior. In surveying the growing body of literature on the corporate life cycle, we identify critical short-comings of past studies, and offer suggestions for future studies. 2018 Journal Article http://hdl.handle.net/20.500.11937/74345 10.1016/j.irfa.2018.12.004 Elsevier BV restricted |
| spellingShingle | Habib, A. Hasan, Mostafa Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title | Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title_full | Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title_fullStr | Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title_full_unstemmed | Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title_short | Corporate life cycle research in accounting, finance and corporate governance: A survey, and directions for future research |
| title_sort | corporate life cycle research in accounting, finance and corporate governance: a survey, and directions for future research |
| url | http://hdl.handle.net/20.500.11937/74345 |