Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach

Henry Okwo, Charity Ezenwakwelu, Anthony Igwe and Benedict Imhanrenialena
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Henry Okwo: Department of Management, University of Nigeria, Enugu Campus, Enugu 400001, Nigeria
Charity Ezenwakwelu: Department of Management, University of Nigeria, Enugu Campus, Enugu 400001, Nigeria
Anthony Igwe: Department of Management, University of Nigeria, Enugu Campus, Enugu 400001, Nigeria
Benedict Imhanrenialena: Department of Management, University of Nigeria, Enugu Campus, Enugu 400001, Nigeria

Sustainability, 2019, vol. 11, issue 3, 1-17

Abstract: A James Gaskin Excel Macro Analysis is performed to determine the reliability of our scales, and a 3-way parallel mediation using the Andrew Hayes’ PROCESS model is applied to test the formulated hypotheses. Results show that hedging has a direct effect on firms’ survival; firms’ size and age individually do not strongly influence these effects, but a combination of the two does. We, therefore, concluded that while the hedging-survival effect exists on all forms of hedging, the practice of hedging is consequential for firms on the premise of their ages and numbers of employees.

Keywords: firm size; hedging; firm age; firm survival; mediation; Hayes (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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