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- W2547858691 abstract "The objective of this study is to investigate the impact of firm age on the profitability of Turkish firms listed on Borsa Istanbul. Using a dataset covering the years between 2005 and 2014 and consisting of 302 non-financial firms per year on the average, a fixed effects model with robust standard errors is estimated. Results reveal that there is a negative and convex relationship between firm age and profitability measured by return on assets, return on equity or gross profit margin. This suggests that younger firms start to see a decline in their profitability from the beginning but they may become profitable again at an old age. Implications are provided." @default.
- W2547858691 created "2016-11-11" @default.
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- W2547858691 date "2016-01-01" @default.
- W2547858691 modified "2023-10-17" @default.
- W2547858691 title "DOES FIRM AGE AFFECT PROFITABILITY? EVIDENCE FROM TURKEY" @default.
- W2547858691 doi "https://doi.org/10.20472/es.2016.5.3.001" @default.
- W2547858691 hasPublicationYear "2016" @default.
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