Why are successive cohorts of listed firms persistently riskier?

Anup Srivastava and Senyo Y. Tse (Tuck School of Business, Dartmouth College and Mays Business School, Texas A&M University)

Prior studies show that the risk level of each new cohort of listed firms is higher than its predecessor's. We find that these risk differences are persistent and investigate two potential explanations: (1) Each cohort adopts and retains operating innovations that are associated with higher risks and (2) increasing numbers of younger and less-experienced firms are represented in each new cohort. Our results support the first explanation. Each new cohort uses riskier production technologies and operates in more competitive product markets than its predecessor

MoreLess

Year of publication:	February 11, 2016 ; Last revised: February 11, 2016
Authors:	Srivastava, Anup ; Tse, Senyo Y.
Publisher:	[Hanover, NH] : [Tuck School of Business at Dartmouth]
Subject:	Unternehmenserfolg \| Firm performance \| Risiko \| Risk \| Organisationssoziologie \| Organizational sociology

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 52 Seiten) Illustrationen
Series:	Tuck School of Business working paper / Tuck School of Business at Dartmouth. - Hanover, NH, ZDB-ID 2452634-4. - Vol. no. 2724081
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	10.2139/ssrn.2724081 [DOI]
Classification:	M41 - Accounting ; G11 - Portfolio Choice ; G32 - Financing Policy; Capital and Ownership Structure
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011574340