The Systematic Risk Behavior in the Life Cycle Stages of Companies and the Moderating Effect of Managerial Ability
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 di...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ferdowsi University of Mashhad
2020-05-01
|
| Series: | Iranian Journal of Accounting, Auditing & Finance |
| Subjects: | |
| Online Access: | https://ijaaf.um.ac.ir/article_39278_b81e46d6a73e262f554c1d0553ef968d.pdf |