Despite the general agreement that a firm embodies its own culture, there is still lack of empirical research on how firm’s culture affects value. Another caveat previous studies they implicitly assume does not vary over time. In this paper, we examine following two questions to address lack: (1) Does affect value? (2) If varies at different life cycle stages, do these changes have an impact By...

Credit ratings display an inverse U-shaped relation over the corporate life-cycle. Firms’ likelihood to obtain a rating initially increases life-cycle as reputation and asymmetric information is reduced. As investment opportunities diminish during shakeout decline phases benefit of having decreases. The economic effect substantial: transitioning from introduction growth phase 6.7% 30%.

Management studies on corporate sustainability practices have grown considerably. The field now has significant knowledge of sustainability issues that are firm and industry focused. However, complex ecological problems are increasing, not decreasing. In this paper, we argue that it is time for corporate sustainability scholars to reconsider the ecological and systemic foundations for sustainab...

Corporate environmental social responsibility enhancement is an important way to promote green and low-carbon economic transformation achieve high-quality development. As reform of China’s taxation system, protection fees taxes play a unique role in governance. However, faced with the increase intensity regulations after implementation fee-to-tax, will firms take initiative assume (ESR)? This p...

The purpose of this study is investigating and determining rate of seizing assets and acquisition other companies by public sector companies. We estimate this rate at various stages of the life cycle of the company. Therefore, according to their size and age, the companies have been divided into small, large, young, and mature groups, and for this purpose, we have collected data from a sample o...