The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking
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 fr...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2017
|
| Online Access: | http://journalarticle.ukm.my/11969/ http://journalarticle.ukm.my/11969/ http://journalarticle.ukm.my/11969/1/15968-62497-1-PB.pdf |
| id |
ukm-11969 |
|---|---|
| recordtype |
eprints |
| spelling |
ukm-119692018-07-31T09:12:45Z http://journalarticle.ukm.my/11969/ The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking Namazi, Mohammad Hosseini-Nia, Somayyeh 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. Penerbit Universiti Kebangsaan Malaysia 2017 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/11969/1/15968-62497-1-PB.pdf Namazi, Mohammad and Hosseini-Nia, Somayyeh (2017) The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking. Asian Journal of Accounting and Governance, 8 . pp. 87-100. ISSN 2180-3838 http://ejournal.ukm.my/ajac/issue/view/1033 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
Universiti Kebangasaan Malaysia |
| building |
UKM Institutional Repository |
| collection |
Online Access |
| language |
English |
| 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. |
| format |
Article |
| author |
Namazi, Mohammad Hosseini-Nia, Somayyeh |
| spellingShingle |
Namazi, Mohammad Hosseini-Nia, Somayyeh The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| author_facet |
Namazi, Mohammad Hosseini-Nia, Somayyeh |
| author_sort |
Namazi, Mohammad |
| title |
The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| title_short |
The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| title_full |
The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| title_fullStr |
The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| title_full_unstemmed |
The moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| title_sort |
moderating role of corporate governance on the relationship between a firm’s product lifecycle and risk-taking |
| publisher |
Penerbit Universiti Kebangsaan Malaysia |
| publishDate |
2017 |
| url |
http://journalarticle.ukm.my/11969/ http://journalarticle.ukm.my/11969/ http://journalarticle.ukm.my/11969/1/15968-62497-1-PB.pdf |
| first_indexed |
2023-09-18T20:01:33Z |
| last_indexed |
2023-09-18T20:01:33Z |
| _version_ |
1777406882616442880 |