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%.

This study aims to examine how the stages of company's life cycle affect cash policy. focuses on firm's which includes introduction, growth, maturity and shakeout against policies adopted by company. research is considered important because policy influenced company characteristics, namely in determination based flow from operating, investing, financing activities. uses panel data regression wi...

Drawing upon the corporate social responsibility literature, we investigate the moderating effects of the natural environment and the stage of an organization’s life cycle on the market orientation to firm innovativeness relationship. Through 229 owners or chief executive officer respondents, our results establish evidence of (1) a positive linkage between market orientation and firm innovative...

We investigate whether directors with multiple outside board directorships are related to corporate financial strategy across firm life cycle stages. Using a large sample of firms from the Gulf Cooperation Council (GCC) countries, we find that when number seats increases, firms' level cash holdings rises, capital expenditure declines, selling, general and administrative (SG&A) expenses increase...