Does Life-Cycle Stage Affect Companies’ Revenue Predictability? Evidence from Borsa Istanbul
نویسندگان
چکیده
In this paper we test the relationship between life-cycle stages and revenue predictability. We used three-year divided by average total assets as Our estimation is based on Dickinson’s (2011) cash-flow proxy model. Instead of using dummy variables omitted category with least observations, following Hansen et al. (2018), assigned values 0, 0.25, 0.50, 0.75, 1 for introduction, growth, mature, shake-out, decline, respectively. firm/year fixed effects regression to estimate our empirical evidence points out that companies' predictability increases volatility decreases.
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ژورنال
عنوان ژورنال: Gaziantep University Journal of Social Sciences
سال: 2022
ISSN: ['1303-0094']
DOI: https://doi.org/10.21547/jss.1025389