Prof Monika Dhochak has co-authored an article titled ‘Progenitors of Firm’s Search Behaviour: A Country Comparison of Australia vs. India’ published in the Australasian Accounting, Business, and Finance Journal (ABDC-B Category). Ranjan Dasgupta from Indian Institute of Management Raipur, India, is her co-author. The article investigates the progenitors of a firm’s search behaviour (i.e. risk-taking) in a bi-country context of Australia vs. India with 395 firms across 2003-2017. The authors have used four distinctive risk measures - return on asset SD, capital expenditure ratio, accounting beta, and R&D intensity, as dependent variables representing the overall search behaviour of firms and thirteen variables under four independent constructs. They have used factor analysis to eliminate redundant variables and then multiple regressions to fulfill their research objectives. Results show that fundamental valuation, psychological, corporate governance, and performance drivers influence firms’ overall search behaviour. Firm size, market size, growth opportunities, board busyness, expectation, and operating and cash performance specifically are the most critical sub-progenitors driving firm’s risk-taking.
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