Lin, Szu-Hsien; Chen, You-Jie; Wang, Tz-Li; Liu, … - In: Applied Economics Letters 19 (2012) 4, pp. 393-397
This study aims to examine how attainment discrepancy and financial slack affect risk-taking behaviour across a Firm's Life Cycle (FLC) stages. The empirical results show that the investment behaviour of the firms is deeply affected by the industry's investment behaviour in all FLC stages....