scholarly journals GROWTH STAGE CONDITIONS OF THE EDUCATION SYSTEM IN THE LIFE CYCLE DISCOURSE OF INDUSTRIAL CIVILIZATION

2020 ◽  
pp. 24-32
Author(s):  
V. I. Zinkevych
Keyword(s):  
Life Cycle ◽  
Education System ◽  
Growth Stage ◽  
Industrial Civilization

Tightening the Life-Cycle Construct: A Taxonomic Study of Growth Stage Configurations in High-Technology Organizations

1994 ◽  
Vol 18 (2) ◽  
pp. 5-29 ◽  
Author(s):  
Steven H. Hanks ◽  
Collin J. Watson ◽  
Erik Jansen ◽  
Gaylen N. Chandler
Keyword(s):  
Cluster Analysis ◽  
Life Cycle ◽  
Growth Stage ◽  
High Technology ◽  
Life Cycle Stage ◽  
Growth Stages ◽  
Taxonomic Study ◽  
Organization Context ◽  
Organization Life Cycle

Over the years much has been written about the organization life cycle, yet there has been remarkably little attention given to the underlying construct of a life-cycle stage. It is proposed in this study that each life-cycle stage consists of a unique configuration of variables related to organization context and structure. Cluster analysis is used to derive a taxonomy of growth stage configurations in a sample of 126 high-technology organizations. The derived configurations suggest a sequence of four growth stages.

Corporate cash holdings and firm life cycle: evidence from China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ajid Ur Rehman ◽  
Tanveer Ahmad ◽  
Shahzad Hussain ◽  
Shoaib Hassan
Keyword(s):  
Life Cycle ◽  
Growth Stage ◽  
Emerging Market ◽  
Generalized Method Of Moments ◽  
Cash Holdings ◽  
External Financing ◽  
Strategic Choices ◽  
Content Type ◽  
Firm Life Cycle ◽  
Corporate Cash Holdings

Purpose The purpose of this paper is to investigate how corporate cash holdings changes across firm life cycle and how firms undergo heterogeneous dynamic cash adjustment as they advance from one stage to the next stage. Design/methodology/approach This study uses an extensive data set of 2,994 Chinese A-listed firms. The authors use generalized method of moments (GMM) and Fisher Panel unit root testing to investigate the targeting behavior of Chinese firms. Findings The uni-variate investigation reveals that firms in the growth stage exhibits the highest cash levels and firms in the decline stage report the lowest cash levels. As growth firms have high investment needs, they may require raising external capital to meet investment needs. To avoid the costly external financing, firms in growth stage tend to hold more cash. The GMM estimation reveals that along all the phases of firm life cycle there are evidences of trade-off behavior of corporate cash holdings. The authors report that adjustment rate increases as firms enters into the growth stage. Practical implications The findings provide both theoretical and practical insight to align cash policies with the available strategic choices along firm life cycle in an emerging market characterized by market imperfections. Originality/value The study is unique from the context that it is applying robust methodology to one of rarely investigated area in corporate cash policy. The peculiar Chinese study setting characterized by higher information asymmetry, high cost of external financing and heterogeneous access to financing sources provide theoretical and empirical underpinnings to investigate and gain insight about how corporate cash policy can be aligned with strategic choices available across different stages of life cycle.

scholarly journals Evaluation of the Effect of Company's Life Cycle on the Cost of Equity

2016 ◽  
Vol 10 (12) ◽  
pp. 237
Author(s):  
Mehdi Maranjory ◽  
Samira Keykha
Keyword(s):  
Life Cycle ◽  
Panel Data ◽  
Regression Model ◽  
Growth Model ◽  
Growth Stage ◽  
Cost Of Equity ◽  
Mature Phase ◽  
Significant Difference ◽  
The Cost

The aim of this study is to investigate effect of company's life cycle on cost of stockholders , in this regard, three hypotheses were developed that a sample of 118 companies during the period of 2009 to 2015 were selected in order test them and regression model and panel data was used to analyze hypotheses. In this study, Dickinson (DeAngelo et al., 2006; Dickinson, 2011; Rahmanian, Moghaddam et al., 2014) company life cycle criteria has been used to separate companies to different steps of company life cycle and the Gordon growth model has been used to measure cost of stockholders. The results show that the cost of stockholders has significant difference with each other in mature phase of Company life cycle Compared with recession of company's life cycle. The results also show that cost of stockholders have significant difference with each other compared with recession of company's life cycle in the growth stage of companies life cycle . Finally, the results show that cost of stockholders have significant difference with each other in the Company life cycle birth and decline compared with the record of company's life cycle.

The Advantages of Entry in the Growth Stage of the Product Life Cycle: An Empirical Analysis

1999 ◽  
Vol 36 (2) ◽  
pp. 269 ◽  
Author(s):  
Venkatesh Shankar ◽  
Gregory S. Carpenter ◽  
Lakshman Krishnamurthi
Keyword(s):  
Life Cycle ◽  
Empirical Analysis ◽  
Product Life Cycle ◽  
Growth Stage ◽  
Product Life

Adverse Selection, Debt Capacity And Corporate Growth: An Industry Life Cycle Perspective

2013 ◽  
Vol 30 (1) ◽  
pp. 173
Author(s):  
Hasna Chaibi
Keyword(s):  
Life Cycle ◽  
Adverse Selection ◽  
Growth Stage ◽  
Firm Growth ◽  
New Economy ◽  
Life Cycle Theory ◽  
Corporate Growth ◽  
Growth Firms ◽  
Debt Capacity ◽  
Industry Membership

<p class="Default">This paper examines the industry impact on financing corporate growth. According to underinvestment and overinvestment problems, ?rms are more likely to have less debt capacity in their growth stage of life cycle. However, it is known that new economy firms have higher levels of growth rate, return and risk, and particularly undertake more technical projects. Therefore, I test the hypothesis that debt capacity during the growth stage of life cycle is affected by New Economy. My empirical analysis covers U.S. companies listed on NYSE, AMEX and NASDAQ in the period of 1990-2010. I find that growth firms have significantly smaller debt capacity. Nevertheless, supporting the life cycle theory of financing that emphasizes the adverse selection problem faced by new economy firms, this link tends to be less prominent in the new economy industry. The results complement prior studies that have found significant relationship between firm growth and corporate debt capacity by confirming the important role played by the industry membership (New Economy) in determining the intensity of this relation.</p>

Armut, Reichtum und Humankapital Zu den Beziehungen zwischen Bildung, Lebenseinkommen, Besteuerung und staatlicher Umverteilung

2012 ◽  
Vol 63 (2) ◽  
Author(s):  
Hans-Georg Petersen
Keyword(s):  
Human Capital ◽  
Life Cycle ◽  
Public Goods ◽  
Education System ◽  
Tax Revenue ◽  
Efficient Design ◽  
Life Cycle Model ◽  
Cycle Model ◽  
The Individual ◽  
Tax Bases

SummaryThe paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation. Therefore, the income of the productive population determines the total tax revenue, which is spent for public goods (including education) and transfers (for poverty reduction). The efficient design of the education system (by private and public education investments) determines the quality of the human capital stock as well as the future gross income flows. The costs of public goods and the transfer expenditures have to be financed from the total tax revenue, which also affects the individual tax burden via the specific tax bases and tax rates. Especially the redistribution of income is connected with serious disincentives, influencing the preferences for work and leisure as well as for consumption and saving.An efficient tax and transfer system being accompanied by an education system financed in public private partnership, which treats equally labor and capital income, sets positive incentives for the formation of human, financial, and real capital. An important prerequisite for a sustainable growth process is the efficient design of the social security system, being based on the family as well as a collective risk equalization scheme. If that system is diminishing absolute poverty in an appropriate time period by transfers and vocational education measures for the grown-up as well as high quality primary, secondary and tertiary education programs for the children, the transfer expenditure would decrease and the tax bases (income and consumption) increase, lowering the burden on the productive population. For the first time, this micro model presented in this paper pools all the relevant variables for development within a simple life-cycle model, which can also be used for a powerful analysis of the current failures in existing tax and transfer schemes and fruitful empirical investigations.

scholarly journals Corporate Social Responsibility, Corporate Life Cycle, and Dividend Policy

2020 ◽  
Vol 27 (2) ◽  
pp. 101
Author(s):  
Eman Abdel-Wanis
Keyword(s):  
Corporate Social Responsibility ◽  
Life Cycle ◽  
Social Responsibility ◽  
Growth Stage ◽  
Dividend Policy ◽  
Business Environment ◽  
Life Cycles ◽  
Corporate Life Cycle ◽  
Corporate Social ◽  
The Impact

The aim of this paper is to investigate the impact of corporate social responsibility(CSR) on dividend policy through corporate life cycle (CLC) as a mediator using pathanalysis for 308 firms-observation for 80 non-financial firms during the period from 2014to 2017 using smart PLS (partial least square). This paper explores the impact of the socialresponsibility on the dividends policy and explores the role of each life cycle in this effecton dividends. The results show that firms in their growth stage are positively associatedwith CSR, while firms in stage of decline are less likely to invest in CSR. High CSR firmsmay use dividend policy to reduce the agency problems related to overinvestment in CSR.Results refer to corporate life cycle isn't influenced by dividends. The results show thatcorporate life cycles play an important role in enhance the relationship CSR and dividendpolicy especially in the growth stage in in the Egyptian business environment

scholarly journals The effect of Achene heteromorphism on progeny traits in the shaggy soldier [Galinsoga ciliata (Rafin) S. F. Blake]

2012 ◽  
Vol 63 (2) ◽  
pp. 51-56 ◽  
Author(s):  
Magdalena Kucewicz ◽  
Ewa Gojło ◽  
Anna Kowalska
Keyword(s):  
Invasive Species ◽  
Life Cycle ◽  
Growth Rates ◽  
Crop Production ◽  
Growth Stage ◽  
Initial Growth ◽  
Annual Plant ◽  
Flowering Stage ◽  
The Individual ◽  
Galinsoga Ciliata

The shaggy soldier [<i>Galinsoga ciliata</i> (Rafin) S. F. Blake], family Asteraceae] is an invasive species that poses a growing threat to crop production. This annual plant produces heteromorphic achenes in a capitulum type inflorescence. The objective of this study was to compare selected morphological and phenological parameters and the success of generative reproduction in plants developed from peripheral and central achenes of the capitulum. The somatic variability of <i>G. ciliata</i> diaspores contributed to differences in the growth rates, development and fertility of the resulting populations. The progeny of central diaspores developed at a slower rate than the individuals derived from peripheral achenes, but at the end of their life cycle, the offspring of dimorphic achenes formed homogenous groups as regards height values. On average, the initial phenophases of <i>G. ciliata</i> plants derived from central achenes began one day later, and they entered the flowering stage eight days later than the individuals developed from peripheral seeds. At the initial growth stage (experimental day 65 to 83), the progeny of central achenes produced fewer capitula. On day 133, the individual fertility of the plants derived from central diaspores was 10% higher on average in comparison with the offspring of peripheral achenes.

Linking firms’ life cycle, capabilities, and green innovation

2019 ◽  
Vol 31 (2) ◽  
pp. 284-305
Author(s):  
Adeel Tariq ◽  
Yuosre F. Badir ◽  
Umar Safdar ◽  
Waqas Tariq ◽  
Kamal Badar
Keyword(s):  
Life Cycle ◽  
Growth Stage ◽  
Process Innovation ◽  
Innovation Performance ◽  
Mature Stage ◽  
Technological Capabilities ◽  
Green Process ◽  
Content Type ◽  
Green Process Innovation ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between firms’ life cycle stages (mature vs growth) and green process innovation performance. In addition, this research delineates the mechanism by which the mature stage firms are more strongly associated with green process innovation performance compared to growth stage firms and recognizes technological capabilities as a mediating variable fundamental to achieve a higher level of green process innovation performance. Design/methodology/approach This research collected data from 202 publicly listed Thai manufacturing firms. Initially, it used multiple regression analysis to test the relationship between mature stage firms and green process innovation performance compared to the relationship between growth stage firms and green process innovation performance. Later, this research followed Muller et al. (2005) to test the mediating role of technological capabilities and conducted (Sobel, 1982, 1986; Preacher and Hayes, 2004) tests to further validate the mediation effect. Findings The hypothesized relationships were found to be significant, providing a strong support that mature stage firms have higher green process innovation performance compared with growth stage firms. Moreover, the technological capabilities more strongly mediate the relationship between mature stage firms and green process innovation performance compared to growth stage firms and green process innovation performance. Originality/value This research contributes to the existing understanding about the internal drivers of green process innovation performance by incorporating and analyzing the firms’ life cycle stages as an internal driver. This research also contributes by empirically testing the mediating role of technological capabilities on the relationship between firms’ life cycle stages and green process innovation performance.

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