Iranian Journal of Accounting, Auditing and Finance in the Islamic Environment

Iranian Journal of Accounting, Auditing and Finance in the Islamic Environment

Investigating management and company ability at different stages of the company's life cycle

Document Type : Original Article

Authors
1 Instructor of Accounting Department, Faculty of Administrative Sciences, Imam Reza International University, Mashhad, Iran
2 PhD student of accounting, Ferdowsi University and Instructor, Department of Accounting, Tabaran Institude of Higher Education, Mashhad,Iran
10.22034/aafie.2024.433904.1037
Abstract
The life cycle of the company is one of the most important issues for companies and especially for shareholders due to the wide competition and rapid change of technology. The current research examined the ability of management and the company in different stages of the company's life cycle. To calculate the life cycle of two models of Antony and Ramesh and the model of cash flow, and to calculate the company's ability, two criteria of efficiency and value of the company have been used. The years under review are 2011 to 2021 Tehran Stock Exchange. The results of the research hypotheses showed that in Antony and Ramesh's model, the efficiency of the company has a negative and significant relationship only in the growth period, and the value of the company in the growth and maturity period has a positive and significant effect on the life cycle of the Antony and Ramesh model. The management ability has no signioficant relatiuonship in in any of the stages Antony and Ramesh's life cycle stages. By analyzing the hypotheses for the life cycle cash flow model, it is observed that the efficiency of the company in the stages of emergence, growth, maturity has a positive and significant relationship, the value of the company has a significant negative relationship only in the period of emergence. Also, management ability has a negative and significant relationship in the period of emergence, and a positive and significant relationship in the maturity period.
Keywords

Volume 2, Issue 4 - Serial Number 4
Winter 2024
Pages 181-218

  • Receive Date 03 January 2024
  • Revise Date 30 January 2024
  • Accept Date 02 June 2024
  • Publish Date 19 February 2025