DOES FIRM'S LIFE CYCLE STAGES AFFECT THE COST OF EQUITY CAPITAL IN ASIA?

被引：0
|
作者：
Wadood, Misbah [1 ,2 ]
Khan, Hashim [2 ]
Alvi, Muhammad Amir [2 ]
机构：
[1] Int Islamic Univ Islamabad, Fac Management Sci, Dept Accounting & Finance, Islamabad, Pakistan
[2] COMSATS Univ Islamabad, Dept Management Sci, Islamabad, Pakistan
来源：
INTERNATIONAL TRANSACTION JOURNAL OF ENGINEERING MANAGEMENT & APPLIED SCIENCES & TECHNOLOGIES | 2020年 / 11卷 / 15期
关键词：
Company's life cycle; Resource-based views; Retained earnings; Organizational capability; Equity cost; Information asymmetry; INFORMATION; POLICY;
D O I：
10.14456/ITJEMAST.2020.291
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
The research paper focuses on a dynamic resource-based view that highlights a significant change in paths and patterns of the evolution in organizational capability through the life cycle stages. A sample of 830 Asian firms for 2006-2017 is used for analysis. The paper reveals that the cost of equity capital is negatively associated with retained earnings. In the second stage, the study also highlights that cost of equity capital turns out to be lower in the growth and maturity stages and there is a significant difference in determinants of the cost of equity capital during different stages of the life cycle. Disciplinary: Financial Management. (c) 2020 INT TRANS J ENG MANAG SCI TECH.
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页数：10
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