We propose that the product life cycle is important in understanding firm disclosure policies and test this hypothesis using a 4-dimensional text-based life cycle model. Mature-stage firms disclose more, consistent with lowering search costs for an outward-focused investment strategy seeking...

We apply various refinements of survival regression to assess the results of some basic specifications based on product life cycle theory for the case of a data set of the German automobile industry. The methods applied pay attention to biases in the coefficient estimates and the standard...

We develop a novel 10-K text-based model of product life-cycles and examine firm investment policies. Conditioning on the life cycle substantially improves the explanatory power of investment-Q models, and reveals a natural ordering of investments driven by the product life cycle. Firms...

This Powerpoint presentation is focused on the firms' competitive life-cycle framework, also known as the CFROI valuation model. It has evolved as a commercial research program over the past 40 years and today is widely used by institutional money managers.Slides 1-13 highlight three conceptual...

Life-Cycle Reviews would improve management/board capital expenditure decisions and fundamentally upgrade investor communications. The key is a reality-based analysis of the firm's major business units grounded in the life-cycle framework. The focus is on why business-unit reinvestment should...

Management accounting deals with the subject family enterprises rather little in spite of its high economical relevance. This paper questions, weather general objectives of family enterprises differ from those of non-family enterprises. Based on the hypothesis that family enterprises aim at...

From the perspective of hindsight, many researchers have ascribed plausible reasons as to why various firms have prospered and others failed. Some have gone further and worked at understanding how a specific management viewed the world at the time decisions were being made. But, the real...