Comment la performance économique et financière d’une entreprise persiste-t-elle dans le temps ?

Rey Dang, Gérard Akrikpan Kokou Dokou (), L’hocine Houanti and Éric Vernier ()
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Gérard Akrikpan Kokou Dokou: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique

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Abstract: Few studies have examined how the age of a firm can influence its economic and financial performance over time, especially in Africa. This study fills this gap by examining this question from a single sample of companies listed in four African financial markets (Botswana, Ghana, Zambia and Zimbabwe) over the 2008-2017. We find that the age of a firm and its performance follows a U-shaped curve, suggesting a nonlinear differentiated effect. Our results are consistent with the hypothesis of learning by action and handicaps related to the age.

Date: 2020
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Published in Gestion 2000, 2020, 37 (1), pp.61-75. ⟨10.3917/g2000.371.0061⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03132943

DOI: 10.3917/g2000.371.0061

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