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A DYNAMIC RESOURCED BASED VIEW ON FIRMS LIFE CYCLE STAGES AND CAPITAL STRUCTURE THEORIES

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06 Pages : 61-69

http://dx.doi.org/10.31703/gssr.2020(V-II).06      10.31703/gssr.2020(V-II).06      Published : Jun 2020

A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets

Abstract

    ‘Dynamic resource-based view’ is the major inspiration for this study, which signifies the changes in paths & patterns of the evolution in organizational capabilities during its LCS. Using the Dickinson’s (2011) firm’s LCS, the study determined diverse behavior of traditionally established explanatory variables across stages. For the purpose of analysis GMM model has been used, the study conducted a comparative analysis of developed and emerging markets in Asia. The results showed higher COE capital during introduction and decline stages in emerging markets implying trade-off theory and dynamic resource-based view. Study denies association between COE capital and market-to-book value in developed markets in line with market timing theory Its concluded that COE’s explanatory factors evolve across markets and firm’s LCS the explanatory power of the general model is much higher when the study included LCS in its main model justifying resource-based view.

    (1) Misbah Wadood
    PhD Scholar, Department of Management Sciences, COMSATS University, Islamabad, Pakistan
    (2) Hashim Khan
    Assistant Professor, Department of Management Science, COMSATS University, Islamabad, Pakistan.
    (3) Hassan Wadood
    Lecturer, Umm Al Qura University, Makkah KSA.
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Cite this article

APA

    APA : Wadood, M., Khan, H., & Wadood, H. (2020). A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets. Global Social Sciences Review, V(II), 61-69. https://doi.org/10.31703/gssr.2020(V-II).06

CHICAGO

    CHICAGO : Wadood, Misbah, Hashim Khan, and Hassan Wadood. 2020. "A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets." Global Social Sciences Review, V (II): 61-69 doi: 10.31703/gssr.2020(V-II).06

HARVARD

    HARVARD : WADOOD, M., KHAN, H. & WADOOD, H. 2020. A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets. Global Social Sciences Review, V, 61-69.

MHRA

    MHRA : Wadood, Misbah, Hashim Khan, and Hassan Wadood. 2020. "A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets." Global Social Sciences Review, V: 61-69

MLA

    MLA : Wadood, Misbah, Hashim Khan, and Hassan Wadood. "A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets." Global Social Sciences Review, V.II (2020): 61-69 Print.

OXFORD

    OXFORD : Wadood, Misbah, Khan, Hashim, and Wadood, Hassan (2020), "A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets", Global Social Sciences Review, V (II), 61-69

TURABIAN

    TURABIAN : Wadood, Misbah, Hashim Khan, and Hassan Wadood. "A Dynamic Resourced Based View on Firm's Life Cycle Stages and Capital Structure Theories: A Comparative Analysis of Developed and Emerging Asian Markets." Global Social Sciences Review V, no. II (2020): 61-69. https://doi.org/10.31703/gssr.2020(V-II).06