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Firm age and performance

TLDR
In this paper, an exhaustive review of the literature and a novel collection of evidence on the effects of firm age on performance, including a special focus of interest on innovation performance, financial performance, exports, survival and growth, is presented.
Abstract
Amid increasing interest in firm age and its effects on firm performance, this special issue offers an exhaustive review of the literature and a novel collection of evidence on the effects of firm age on performance, including a special focus of interest on innovation performance, financial performance, exports, survival and growth. This editorial positions the theme in the extant literature, and provides key definitions and challenges ahead in the field of evolutionary economics. It introduces the collection of articles composing the special issue. The papers offer a diversity of country contexts, as well as analytical approaches and methods. They include an exhaustive review of the literature on age and firms' performance, and present original empirical studies focusing on the effects of age on firms' economic outcomes on the one hand, and on innovation outcomes on the other hand. While most of the papers use econometric analysis, the level of analysis ranges from firm to individual.

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The impacts of ambidextrous innovation on organizational obsolescence in turbulent environments

Shuting Chen, +1 more
- 21 May 2021 - 
TL;DR: Wang et al. as discussed by the authors measured the effects of ambidextrous innovation and its mix strategy on organizational obsolescence with the moderating roles of environmental turbulence, and found that both exploratory and exploitative innovations significantly restrain organizational innovation, whereas it cannot moderate the effect of exploitative innovation.
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Organizational Publicness and Mortality: Explaining the Dissolution of Local Authority Companies

TL;DR: In this article, the mortality or survival of local authority companies is discussed. But organizational publicness is likely to have important implications for the mortality of local authorities. And majority-owned companies and those experiencing more political control are more likely to die out.
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Does prior experience matter? A meta-analysis of the relationship between prior experience of entrepreneurs and firm performance

TL;DR: In this paper, a meta-analysis integrating the results from 85 independent samples spanning 2009-2020 (572,888 total observations) is presented. But the authors focus on human capital theory and the knowledge-based view.
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The determinants of working capital management: the contextual role of enterprise size and enterprise age

TL;DR: In this article, the authors examine the determinants of working capital management and to test the different effects of the determinant based on enterprise size and enterprise age and find that sales growth and economic growth are the only determinants that exhibit different effects on working capital managers.
References
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An Evolutionary Theory of Economic Change

TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.
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TL;DR: In this paper, the authors consider structural inertia in organizational populations as an outcome of an ecological-evolutionary process and define structural inertia as a correspondence between a class of organizations and their environments.
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The ASA's Statement on p-Values: Context, Process, and Purpose

TL;DR: The American Statistical Association (ASA) released a policy statement on p-values and statistical significance in 2015 as discussed by the authors, which was based on a discussion with the ASA Board of Trustees and concerned with reproducibility and replicability of scientific conclusions.
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Who Creates Jobs? Small versus Large versus Young

TL;DR: In this article, the authors used data from the Census Bureau's Business Dynamics Statistics and Longitudinal Business Database to explore the many issues at the core of this ongoing debate and find that the relationship between firm size and employment growth is sensitive to these issues.
Related Papers (5)
Trending Questions (3)
Is there any articles that says or implies that older firms experience higher performance flucuations?

The paper does not explicitly mention whether older firms experience higher performance fluctuations.

Is there any articles that says or implies that older firms experience higher performance fluctuations?

The paper does not explicitly mention whether older firms experience higher performance fluctuations.

Is there a difference in the performance of older companies compared to younger companies?

Yes, there is a difference in the performance of older companies compared to younger companies, as discussed in the special issue on firm age and performance.