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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...

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Main Authors: Namazi, Mohammad, Hosseini-Nia, Somayyeh
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2017
Online Access:http://journalarticle.ukm.my/11969/1/15968-62497-1-PB.pdf
http://journalarticle.ukm.my/11969/
http://ejournal.ukm.my/ajac/issue/view/1033
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spelling my-ukm.journal.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
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
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/11969/1/15968-62497-1-PB.pdf
http://journalarticle.ukm.my/11969/
http://ejournal.ukm.my/ajac/issue/view/1033
_version_ 1643738654852513792
score 13.211869

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