Firm age and performance
نویسندگان
چکیده
منابع مشابه
Firm Age and Performance
This paper investigates how firm age affects performance. Consistent with an obsolescence of firm endowments, the existence of organizational rigidities, and the proliferation of seniority rules, performance gets worse with age. Profits fall, margins thin, sales growth drops, and costs rise. Firms do best when they are young, and roughly 15 years after listing (37 years after incorporation), th...
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ژورنال
عنوان ژورنال: Journal of Evolutionary Economics
سال: 2017
ISSN: 0936-9937,1432-1386
DOI: 10.1007/s00191-017-0532-6