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Firm age and performance

Author

Listed:
  • Alex Coad

    (CENTRUM Catolica Graduate Business School, Pontificia Universidad Catolica del Peru, Lima, Peru)

  • Jacob Holm

    (AAU - Aalborg University [Denmark])

  • Jackie Krafft

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Francesco Quatraro

    (UNITO - Università degli studi di Torino = University of Turin, BRICK, Collegio Carlo Alberto, Moncalieri, Italy)

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.

Suggested Citation

  • Alex Coad & Jacob Holm & Jackie Krafft & Francesco Quatraro, 2018. "Firm age and performance," Post-Print halshs-01248725, HAL.
    • Handle: RePEc:hal:journl:halshs-01248725
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    References listed on IDEAS

    as
    1. Jackie Krafft, 1999. "Introduction," Post-Print hal-00212290, HAL.
    2. Alessandra Colombelli & Jackie Krafft & Marco Vivarelli, 2016. "To be born is not enough: the key role of innovative start-ups," Small Business Economics, Springer, vol. 47(2), pages 277-291, August.
    3. Howard Aldrich & Geoffrey Hodgson & David Hull & Thorbjørn Knudsen & Joel Mokyr & Viktor Vanberg, 2008. "In defence of generalized Darwinism," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 577-596, October.
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    6. Marco Grazzi & Daniele Moschella, 2018. "Small, young, and exporters: New evidence on the determinants of firm growth," Journal of Evolutionary Economics, Springer, vol. 28(1), pages 125-152, January.
    7. Bianchini, Stefano & Krafft, Jackie & Quatraro, Francesco & Ravix, Jacques, 2015. "Corporate Governance, Innovation and Firm Age: Insights and New Evidence," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201502, University of Turin.
    8. Pavel Pelikan, 2011. "Evolutionary developmental economics: how to generalize Darwinism fruitfully to help comprehend economic change," Journal of Evolutionary Economics, Springer, vol. 21(2), pages 341-366, May.
    9. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-670, May.
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    12. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2014. "High growth firms and technological knowledge: do gazelles follow exploration or exploitation strategies?," Post-Print halshs-01072866, HAL.
    13. Alessandra Colombelli & Jackie Krafft & Francesco Quatraro, 2014. "High-growth firms and technological knowledge: do gazelles follow exploration or exploitation strategies? -super-1," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 23(1), pages 261-291, February.
    14. Riccardo Leoncini & Alberto Marzucchi & Sandro Montresor & Francesco Rentocchini & Ugo Rizzo, 2016. "‘Better late than never’: a longitudinal quantile regression approach to the interplay between green technology and age for firm growth," SEEDS Working Papers 0616, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised May 2016.
    15. Krafft Jackie & Quatraro Francesco & Colombelli Alessandra, 2011. "High Growth Firms and Technological Knowledge: Do gazelles follow exploration or exploitation strategies?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201114, University of Turin.
    16. Klepper, Steven, 1997. "Industry Life Cycles," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 6(1), pages 145-181.
    17. Marco Cucculelli, 2018. "Firm age and the probability of product innovation. Do CEO tenure and product tenure matter?," Journal of Evolutionary Economics, Springer, vol. 28(1), pages 153-179, January.
    18. Christian Schubert, 2014. "“Generalized Darwinism” and the quest for an evolutionary theory of policy-making," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 479-513, July.
    19. John Haltiwanger & Ron S. Jarmin & Javier Miranda, 2013. "Who Creates Jobs? Small versus Large versus Young," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 347-361, May.
    20. Claudio Loderer & René Stulz & Urs Waelchli, 2017. "Firm Rigidities and the Decline in Growth Opportunities," Management Science, INFORMS, vol. 63(9), pages 3000-3020, September.
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    More about this item

    Keywords

    Evolutionary economics; L10; Firm age; L20; Liability of newness; Firm performance; Survival; Cohort;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

    Statistics

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