Incremental or radical development? A dynamic approach to organisational changes and growth of Hungarian ICT SMEs

2020 ◽  
Vol 25 (1) ◽  
pp. 165-193
Author(s):  
Áron Perényi ◽  
Piotr Trąpczyński
Keyword(s):  
Life Cycle ◽  
Firm Growth ◽  
Organisational Change ◽  
Cycle Model ◽  
Multivariate Statistical Methods ◽  
Dynamic Approach ◽  
Multivariate Statistical ◽  
Firm Life Cycle ◽  
Life Cycle Theory ◽  
Organisational Structures

This paper explores the dynamics of organisational change by building on firm life-cycle theory. Extant research assumed that the development of firms follows a certain sequence of stages. Based on the life-cycle model, this study evaluates the speed and extent of changes in organisational characteristics and firm growth during the development of ICT SMEs in Hungary. Hypotheses are tested using multivariate statistical methods. Results show that stagnant firms are not significantly different from the ones undergoing incremental changes, but significant growth coincides with radical organisational changes. Our findings highlight that team-based decision making, complex organisational structures and sophisticated information systems coincide with firm growth.

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>

Mean Reverting Financial Leverage and Firm Life Cycle: Theory versus Evidence (Pakistan)

2016 ◽  
Vol 2 (1) ◽  
pp. 19-26
Author(s):  
Tanveer Ahsan ◽  
Man Wang ◽  
Muhammad Azeem Qureshi
Keyword(s):  
Life Cycle ◽  
Financial Leverage ◽  
Firm Life Cycle ◽  
Life Cycle Theory ◽  
Theory Versus

scholarly journals Leverage over the Firm Life Cycle, Firm Growth, and Aggregate Fluctuations

2019 ◽  
Author(s):  
Emin Dinlersoz ◽  
Sebnem Kalemli-Ozcan ◽  
Henry Hyatt ◽  
Veronika Penciakova
Keyword(s):  
Life Cycle ◽  
Firm Growth ◽  
Aggregate Fluctuations ◽  
Firm Life Cycle

Anomalies: Saving, Fungibility, and Mental Accounts

1990 ◽  
Vol 4 (1) ◽  
pp. 193-205 ◽  
Author(s):  
Richard H Thaler
Keyword(s):  
New York ◽  
Life Cycle ◽  
Self Control ◽  
Life Cycle Model ◽  
Cycle Model ◽  
Life Cycle Theory ◽  
The Right ◽  
Football Betting ◽  
Better Than

Last New Year's day, after a long evening of rooting the right team to victory in the Orange Bowl, I was lucky enough to win $300 in a college football betting pool. I then turned to the important matter of splurging the proceeds wisely. Would a case of champagne be better than dinner and a play in New York? At this point my son Greg came in and congratulated me. He said, “Gee Dad, you should be pretty happy. With that win you can increase your lifetime consumption by $20 a year!” Greg, it seems, had studied the life-cycle theory of savings. The theory is simple, elegant, and rational—qualities valued by economists. Unfortunately, as Courant, Gramlich, and Laitner observe “for all its elegance and rationality, the life-cycle model has not tested out very well.” In this column, however, I focus on an assumption of the life-cycle model that has not received very much attention, but which, if modified, can allow the theory to explain many of the savings anomalies that have been observed. The key assumption is fungibility. This column will review a small portion of the empirical savings literature, with the objective of showing how violations of fungibility, and more generally the role of self-control, strongly influences saving behavior.

The Firm Life Cycle Theory of Dividends

2011 ◽  
pp. 201-213 ◽  
Author(s):  
Laarni T. Bulan ◽  
Narayanan Subramanian
Keyword(s):  
Life Cycle ◽  
Firm Life Cycle ◽  
Life Cycle Theory

Long-term variations in individual particle types in the aerosol of Phoenix, Arizona, as determined using automated electron microprobe analysis and multivariate statistical techniques

1993 ◽  
Vol 51 ◽  
pp. 742-743
Author(s):  
Karen A. Katrinak ◽  
James R. Anderson ◽  
Peter R. Buseck
Keyword(s):  
Electron Microprobe ◽  
Fine Fraction ◽  
Coarse Fraction ◽  
Motor Vehicles ◽  
Multivariate Statistical Methods ◽  
Multivariate Statistical ◽  
X Ray ◽  
Mineral Particles ◽  
Anthropogenic Air Pollutants

Aerosol samples were collected in Phoenix, Arizona on eleven dates between July 1989 and April 1990. Elemental compositions were determined for approximately 1000 particles per sample using an electron microprobe with an energy-dispersive x-ray spectrometer. Fine-fraction samples (particle cut size of 1 to 2 μm) were analyzed for each date; coarse-fraction samples were also analyzed for four of the dates.The data were reduced using multivariate statistical methods. Cluster analysis was first used to define 35 particle types. 81% of all fine-fraction particles and 84% of the coarse-fraction particles were assigned to these types, which include mineral, metal-rich, sulfur-rich, and salt categories. "Zero-count" particles, consisting entirely of elements lighter than Na, constitute an additional category and dominate the fine fraction, reflecting the importance of anthropogenic air pollutants such as those emitted by motor vehicles. Si- and Ca-rich mineral particles dominate the coarse fraction and are also numerous in the fine fraction.

Pollen morphology of some Tamarix (Tamaricaceae) species of Iran

2020 ◽  
Vol 62 (1-2) ◽  
pp. 151-161
Author(s):  
T. Shagholi ◽  
M. Keshavarzi ◽  
M. Sheidai
Keyword(s):  
North Africa ◽  
Pollen Grains ◽  
Ecological Niches ◽  
Multivariate Statistical Methods ◽  
Multivariate Statistical ◽  
Qualitative And Quantitative ◽  
Petal Length ◽  
Electron Microscopes ◽  
High Level ◽  
Scanning Electron Microscopes

Tamarix L. (Tamaricaceae) is a halophytic shrub in different parts of Asia and North Africa. Taxonomy and species limitation of Tamarix is very complex. This genus has three sections as Tamarix, Oligadenia, and Polyadenia, which are mainly separated by petal length, the number of stamens, the shape of androecial disk and attachment of filament on the androecial disk. As there was no palynological data on pollen features of Tamarix species of Iran, in the present study 12 qualitative and quantitative pollen features were evaluated to find diagnostic ones. Pollen grains of 8 Tamarix species were collected from nature. Pollen grains were studied without any treatment. Measurements were based on at least 50 pollen grains per specimen. Light and scanning electron microscopes were used. Multivariate statistical methods were applied to clarify the species relationships based on pollen data. All species studied showed monad and tricolpate (except some individuals of T. androssowii). Some Tamarix species show a high level of variability, in response to ecological niches and phenotypic plasticity, which make Tamarix species separation much more difficult. Based on the results of the present study, pollen grains features are not in agreement with previous morphological and molecular genetics about the sectional distinction.

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