Like milk or wine: Does firm performance improve with age?

By Alex Coad, A. Segarra, Mercedes Teruel. 2013

548 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/44f6b2e2982b31593ac9459759acaf2b88725d4e

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Citations in the corpus

Innovation and firm growth: Does firm age play a role? (2016, unknown): “As has been pointed out in Coad et al. (2013), the evolution of distributions reveals three patterns.”
Drivers of Entrepreneurship and Post-Entry Performance of Newborn Firms in Developing Countries (2014, unknown): “A firm’s age consistently turns out to be positively correlated with survival (that is, the hazard rate is decreasing with age; see Fackler, Schnabel, and Wagner 2013) and negatively with growth (Evans 1987; Dunne and Hughes 1994; Calvo 2006; Coad, Segarra, and Teurel 2013).”
Working capital level influence on SME profitability (2016, unknown): “established contacts with customers, and easier access to resources (Coad et al., 2010).”
R&D drivers and age: : Are young firms different? (2014, background): “By the same token, Coad et al. (2013), using a representative sample of Spanish manufacturing firms, find that older firms are characterised by less erratic level of productivity, higher profits, lower debt ratios and higher equity ratio.”
Did firm age, experience, and access to finance count? SME performance after the global financial crisis (2018, background): “However, more recent studies (Coad et al, 2013; Davis et al, 1996; Haltiwanger et al, 2013; Haltiwanger & Krizan, 1999) have challenged this approach and content that firm age should be included as a separate variable when examining firm performance.”
Age and firm growth. Evidence from three European countries (2013, methodology): “…opportunities (Cooley and Quadrini, 2004; Bottazzi et al., 2011) and that young and old firms are characterized by different financial structures (Coad et al., 2013), we include the ratio between short-term obligations and total assets, the ratio between long-term obligations and total assets,…”
‘Better late than never’: the interplay between green technology and age for firm growth (2017, methodology): “As far as firm’s age is concerned, the results of the standard literature on the growth advantages of newly created companies (Coad et al. 2013; Barba Navaretti et al. 2014) appeared reversed across all quantiles in Table 4: unexpectedly, older companies grow more than younger ones.”