Does maturity signals high risk and high return?

Indonesia Accounting Journal. 2019;1(1):1-5 DOI 10.32400/iaj.25404

 

Journal Homepage

Journal Title: Indonesia Accounting Journal

ISSN: 2686-6617 (Print); 2686-6609 (Online)

Publisher: Prodi Pendidikan Profesi Akuntansi, Fakultas Ekonomi dan Bisnis

Society/Institution: Sam Ratulangi University

LCC Subject Category: Social Sciences: Finance

Country of publisher: Indonesia

Language of fulltext: English, Indonesian

Full-text formats available: PDF

 

AUTHORS


Novi Swandari Budiarso (Sam Ratulangi University)

Winston Pontoh (Sam Ratulangi University)

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 4 weeks

 

Abstract | Full Text

The objective of this study is to examine the interaction between firm maturity and firm growth opportunities over risk and its impact on returns. This study uses 135 firms listed in Indonesia Stock Exchange during 2010 to 2016 as sample which gives 945 as total observed data. This study conducts path analysis in term for hypothesis testing and finds that firm maturity has significant role to increase the risk which gives impact on increasing the returns. In context of Indonesian firms, the findings imply that mature firms will have higher risk and higher returns.