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

Author

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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)

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.

Suggested Citation

  • Henry Okwo & Charity Ezenwakwelu & Anthony Igwe & Benedict Imhanrenialena, 2019. "Firm Size and Age mediating the Firm Survival-Hedging Effect: Hayes’ 3-Way Parallel Approach," Sustainability, MDPI, vol. 11(3), pages 1-17, February.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:3:p:887-:d:204441
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