Corporate life cycle research in accounting, finance and corporategovernance

This study aims to investigate the life cycle of companies in accounting, finance and corporate governance. Our review of the accounting and financial literature shows the factors that determine the life cycle of the company that organizational capital, management practices, company structure, flexibility and risk capital involvement, to a large extent, explains the dynamics of the corporate life cycle and exit patterns. Life cycle studies and we classify them into three groups: (1) the implications of financial reporting and management accounting, (2) the implications of fiscal policy, and (3) the implications of corporate governance. Our study suggests that corporate life cycle has significant effects on corporate financial reporting and disclosure of corporate information, corporate investment, financial decisions and dividends, and on corporate governance and socially responsible behavior.