Does young firm growth persist? The role of firm age

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Autores principales: Capelleras, Joan-Lluís, Federico, Juan Salvador
Formato: Artículo publishedVersion
Lenguaje:Inglés
Publicado: Routledge 2026
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Acceso en línea:http://repositorio.ungs.edu.ar:8080/xmlui/handle/UNGS/2745
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spelling I71-R177-UNGS-27452026-01-23T21:00:23Z Does young firm growth persist? The role of firm age Capelleras, Joan-Lluís Federico, Juan Salvador Firm Age Firm Growth Growth Persistence Young Firms Economía y Negocios Revista con referato Fil: Federico, Juan Salvador. Universidad Nacional de General Sarmiento. Instituto de Industria; Argentina. Fil: Capelleras, Joan-Lluís. Universidad Autónoma de Barcelona. Departamento de Negocios; España. This study investigates serial correlation in growth rates of young firms. Specifically, we examine how past growth affects current growth and how this relationship is moderated by firm age. We use data from four cohorts of Spanish firms tracked over their first 10 years of operation. Results from regression analyses show a positive autocorrelation of growth rates. However, we also find that they become erratic with age. The study contributes to the literature by providing a nuanced view of growth autocorrelation in the case of young firms. This study investigates serial correlation in growth rates of young firms. Specifically, we examine how past growth affects current growth and how this relationship is moderated by firm age. We use data from four cohorts of Spanish firms tracked over their first 10 years of operation. Results from regression analyzes show a positive autocorrelation of growth rates. However, we also find that they become erratic with age. The study contributes to the literature by providing a nuanced view of growth autocorrelation in the case of young firms. Este estudo investiga a autocorrelação serial nas taxas de crescimento de empresas jovens. Especificamente, examinamos como o crescimento passado afeta o crescimento atual e como essa relação é moderada pela idade da empresa. Utilizamos dados de quatro coortes de empresas espanholas acompanhadas durante seus primeiros 10 anos de operação. Os resultados das análises de regressão mostram uma autocorrelação positiva das taxas de crescimento. No entanto, também constatamos que essas taxas se tornam erráticas com o passar do tempo. O estudo contribui para a literatura ao fornecer uma visão mais detalhada da autocorrelação do crescimento no caso de empresas jovens. 2026-01-23T21:00:23Z 2026-01-23T21:00:23Z 2025 info:eu-repo/semantics/article info:ar-repo/semantics/artículo info:eu-repo/semantics/publishedVersion Capelleras, J. L. y Federico, J. S. (2025). Does young firm growth persist? The role of firm age. Applied Economics Letters, 32(10), 1353-1356. 1350-4851 http://repositorio.ungs.edu.ar:8080/xmlui/handle/UNGS/2745 eng http://dx.doi.org/10.1080/13504851.2024.2302918 info:eu-repo/semantics/restrictedAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Routledge Applied Economics Letters. 2025; 32(10): 1353-1356 https://www.tandfonline.com/toc/rael20/32/10
institution Universidad Nacional de General Sarmiento
institution_str I-71
repository_str R-177
collection Repositorio Institucional Digital de Acceso Abierto (UNGS)
language Inglés
orig_language_str_mv eng
topic Firm Age
Firm Growth
Growth Persistence
Young Firms
Economía y Negocios
spellingShingle Firm Age
Firm Growth
Growth Persistence
Young Firms
Economía y Negocios
Capelleras, Joan-Lluís
Federico, Juan Salvador
Does young firm growth persist? The role of firm age
topic_facet Firm Age
Firm Growth
Growth Persistence
Young Firms
Economía y Negocios
description Revista con referato
format Artículo
Artículo
publishedVersion
author Capelleras, Joan-Lluís
Federico, Juan Salvador
author_facet Capelleras, Joan-Lluís
Federico, Juan Salvador
author_sort Capelleras, Joan-Lluís
title Does young firm growth persist? The role of firm age
title_short Does young firm growth persist? The role of firm age
title_full Does young firm growth persist? The role of firm age
title_fullStr Does young firm growth persist? The role of firm age
title_full_unstemmed Does young firm growth persist? The role of firm age
title_sort does young firm growth persist? the role of firm age
publisher Routledge
publishDate 2026
url http://repositorio.ungs.edu.ar:8080/xmlui/handle/UNGS/2745
work_keys_str_mv AT capellerasjoanlluis doesyoungfirmgrowthpersisttheroleoffirmage
AT federicojuansalvador doesyoungfirmgrowthpersisttheroleoffirmage
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