{"id":"https://openalex.org/W4417014635","doi":"https://doi.org/10.1016/j.iref.2025.104796","title":"Innovation and the firm life cycle","display_name":"Innovation and the firm life cycle","publication_year":2025,"publication_date":"2025-12-05","ids":{"openalex":"https://openalex.org/W4417014635","doi":"https://doi.org/10.1016/j.iref.2025.104796"},"language":"en","primary_location":{"id":"doi:10.1016/j.iref.2025.104796","doi":"https://doi.org/10.1016/j.iref.2025.104796","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2025.104796","pdf_url":null,"source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics &amp; Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1016/j.iref.2025.104796","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5070975439","display_name":"Kiran Paudel","orcid":"https://orcid.org/0000-0003-0090-4029","observed_orcids":["https://orcid.org/0000-0003-0090-4029"]},"institutions":[{"id":"https://openalex.org/I192396691","display_name":"LSU New Orleans","ror":"https://ror.org/034mtvk83","country_code":"US","type":"education","lineage":["https://openalex.org/I192396691"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kiran Paudel","raw_affiliation_strings":["Department of Economics and Finance, College of Business Administration, University of New Orleans, USA"],"raw_orcid":"https://orcid.org/0000-0003-0090-4029","affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, College of Business Administration, University of New Orleans, USA","institution_ids":["https://openalex.org/I192396691"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5017424262","display_name":"Tarun K. Mukherjee","orcid":"https://orcid.org/0000-0002-7039-4397","observed_orcids":["https://orcid.org/0000-0002-7039-4397"]},"institutions":[{"id":"https://openalex.org/I192396691","display_name":"LSU New Orleans","ror":"https://ror.org/034mtvk83","country_code":"US","type":"education","lineage":["https://openalex.org/I192396691"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Tarun Mukherjee","raw_affiliation_strings":["Department of Economics and Finance, College of Business Administration, University of New Orleans, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, College of Business Administration, University of New Orleans, USA","institution_ids":["https://openalex.org/I192396691"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5070975439"],"corresponding_institution_ids":["https://openalex.org/I192396691"],"apc_list":{"value":1930,"currency":"USD","value_usd":1930},"apc_paid":{"value":1930,"currency":"USD","value_usd":1930},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.37230817,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"105","issue":null,"first_page":"104796","last_page":"104796"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8734999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.8734999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.1193000003695488,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.002199999988079071,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-life-cycle","display_name":"firm life cycle","score":0.8700000047683716},{"id":"https://openalex.org/keywords/innovation","display_name":"innovation","score":0.9319999814033508},{"id":"https://openalex.org/keywords/firm-age","display_name":"firm age","score":0.6669999957084656},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.8489999771118164},{"id":"https://openalex.org/keywords/growth-prospects","display_name":"growth prospects","score":0.6819999814033508},{"id":"https://openalex.org/keywords/innovation-efficiency","display_name":"innovation efficiency","score":0.8799999952316284},{"id":"https://openalex.org/keywords/financial-strategy","display_name":"financial strategy","score":0.7059999704360962}],"concepts":[{"id":"https://openalex.org/C101433766","wikidata":"https://www.wikidata.org/wiki/Q3543263","display_name":"Maturity (psychological)","level":2,"score":0.6944000124931335},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6413999795913696},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5918999910354614},{"id":"https://openalex.org/C98184364","wikidata":"https://www.wikidata.org/wiki/Q1780131","display_name":"Argument (complex analysis)","level":2,"score":0.5468000173568726},{"id":"https://openalex.org/C61570092","wikidata":"https://www.wikidata.org/wiki/Q15074930","display_name":"Life-cycle hypothesis","level":2,"score":0.4596000015735626},{"id":"https://openalex.org/C2777064627","wikidata":"https://www.wikidata.org/wiki/Q3151423","display_name":"Financial innovation","level":2,"score":0.44589999318122864},{"id":"https://openalex.org/C161584116","wikidata":"https://www.wikidata.org/wiki/Q1952580","display_name":"Multivariate statistics","level":2,"score":0.429500013589859},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.3596999943256378},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3488999903202057},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.34209999442100525},{"id":"https://openalex.org/C7465953","wikidata":"https://www.wikidata.org/wiki/Q1572577","display_name":"Product life-cycle management","level":2,"score":0.3294999897480011},{"id":"https://openalex.org/C2777735758","wikidata":"https://www.wikidata.org/wiki/Q817765","display_name":"Path (computing)","level":2,"score":0.3158999979496002},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3151000142097473},{"id":"https://openalex.org/C182306322","wikidata":"https://www.wikidata.org/wiki/Q1779371","display_name":"Order (exchange)","level":2,"score":0.3077999949455261},{"id":"https://openalex.org/C190430219","wikidata":"https://www.wikidata.org/wiki/Q576355","display_name":"Endogenous growth theory","level":3,"score":0.28130000829696655},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.27869999408721924},{"id":"https://openalex.org/C82793941","wikidata":"https://www.wikidata.org/wiki/Q1046024","display_name":"Path analysis (statistics)","level":2,"score":0.2777999937534332},{"id":"https://openalex.org/C83873408","wikidata":"https://www.wikidata.org/wiki/Q192311","display_name":"Business cycle","level":2,"score":0.2741999924182892},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.25920000672340393}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.iref.2025.104796","doi":"https://doi.org/10.1016/j.iref.2025.104796","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2025.104796","pdf_url":null,"source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics &amp; Finance","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:13199267b10e4817a1f8879ffd862776","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/13199267b10e4817a1f8879ffd862776","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"International Review of Economics & Finance, Vol 105, Iss , Pp 104796- (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.iref.2025.104796","doi":"https://doi.org/10.1016/j.iref.2025.104796","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.iref.2025.104796","pdf_url":null,"source":{"id":"https://openalex.org/S168273071","display_name":"International Review of Economics & Finance","issn_l":"1059-0560","issn":["1059-0560","1873-8036"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","doaj","erih-plus","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Review of Economics &amp; Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.651199996471405},{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5263000130653381}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":54,"referenced_works":["https://openalex.org/W1482619565","https://openalex.org/W1503711780","https://openalex.org/W1795468129","https://openalex.org/W1923243065","https://openalex.org/W1950075918","https://openalex.org/W1993161130","https://openalex.org/W1995132546","https://openalex.org/W1996213352","https://openalex.org/W1999318410","https://openalex.org/W1999371192","https://openalex.org/W2000525615","https://openalex.org/W2001624770","https://openalex.org/W2020970716","https://openalex.org/W2036638878","https://openalex.org/W2045194912","https://openalex.org/W2054624056","https://openalex.org/W2064897534","https://openalex.org/W2065601052","https://openalex.org/W2096067571","https://openalex.org/W2104199920","https://openalex.org/W2119344659","https://openalex.org/W2130788273","https://openalex.org/W2134764504","https://openalex.org/W2138729574","https://openalex.org/W2153096320","https://openalex.org/W2158374033","https://openalex.org/W2170790204","https://openalex.org/W2189530909","https://openalex.org/W2577227262","https://openalex.org/W2769236529","https://openalex.org/W2990470203","https://openalex.org/W3025947406","https://openalex.org/W3121179614","https://openalex.org/W3121644661","https://openalex.org/W3121938770","https://openalex.org/W3122295706","https://openalex.org/W3122666126","https://openalex.org/W3122850875","https://openalex.org/W3123209672","https://openalex.org/W3123251506","https://openalex.org/W3124277494","https://openalex.org/W3124533867","https://openalex.org/W3124616230","https://openalex.org/W3124737349","https://openalex.org/W3124878450","https://openalex.org/W3125087107","https://openalex.org/W3125539998","https://openalex.org/W3125549700","https://openalex.org/W3126027997","https://openalex.org/W3126079429","https://openalex.org/W3126118385","https://openalex.org/W3147421935","https://openalex.org/W4246233650","https://openalex.org/W4288451172"],"related_works":[],"abstract_inverted_index":{"A":[0],"firm's":[1,26,46,70],"standing":[2],"relative":[3],"to":[4,23,104,145],"its":[5,15,106,112,118],"life":[6,114,131,148],"cycle":[7,132,149],"has":[8],"significant":[9],"implications":[10],"for":[11],"financial":[12,88,119],"decisions,":[13,89],"including":[14],"dividend":[16,92],"policy.":[17],"Researchers":[18],"have":[19],"advanced":[20],"several":[21],"measures":[22,37],"determine":[24,105],"a":[25,45,69,102,130],"maturity":[27,84],"stage,":[28],"with":[29],"the":[30,65,83,135,146],"foremost":[31],"being":[32],"firm":[33],"age.":[34],"However,":[35],"these":[36],"are":[38],"deficient":[39],"because":[40],"they":[41],"cannot":[42],"directly":[43],"measure":[44],"growth":[47,71,107],"prospects.":[48],"Drawing":[49],"on":[50],"Mueller's":[51],"[":[52],"Journal":[53],"of":[54,68,111,137],"Industrial":[55],"Economics":[56],",":[57],"20,":[58],"3":[59],"(1972)]":[60],"argument":[61],"that":[62,99,126],"innovation":[63,80,100,127],"is":[64],"primary":[66],"driver":[67],"rate,":[72],"and":[73,86,109,140],"employing":[74],"multivariate":[75],"analysis,":[76],"we":[77],"demonstrate":[78],"how":[79],"can":[81],"suspend":[82],"stage":[85],"associated":[87],"such":[90],"as":[91,129],"payouts,":[93],"by":[94],"\u201cout-innovating\"":[95],"competitors.":[96],"We":[97],"show":[98,125],"enables":[101],"company":[103],"path":[108],"stages":[110],"growth-driven":[113],"cycle,":[115],"thus":[116],"influencing":[117],"strategy.":[120],"Further,":[121],"our":[122],"research":[123],"findings":[124],"efficiency,":[128],"proxy,":[133],"addresses":[134],"shortcomings":[136],"prevailing":[138],"proxies":[139],"offers":[141],"empirically":[142],"robust":[143],"refinements":[144],"broader":[147],"framework.":[150]},"counts_by_year":[],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2025-12-05T00:00:00"}
