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Life Cycle of profitability among Swedish micro firms
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
Mid Sweden University, Faculty of Human Sciences, Department of Business, Economics and Law.
2013 (English)In: World Review of Entrepreneurship, Management and Sustainable Development, ISSN 1746-0573, E-ISSN 1746-0581, Vol. 9, no 3, p. 340-351Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to examine the profitability life cycle among Swedish micro firms. The study sample contains 22,710 micro firms across six industries for which complete financial information is available for the year (2007, giving a total of 68,130 observations. The results of the empirical study indicate that the firm profitability changes systematically over its life cycle stages. The profitability is high in the first life cycle stage, and as firms age and develop, it decreases. The change of firm profitability in different industries over their life cycles follows the general pattern of the total sample. Empirical tests provide support for two additional predictions of the life cycle model: specifically, that firm size influences profitability, and that the industry affiliation has a more pronounced effect on firms’ profitability than the variables size and life cycle stage. The results from the statistical tests support the applicability of the life cycle model to explain the profitability development pattern.

Place, publisher, year, edition, pages
2013. Vol. 9, no 3, p. 340-351
Keywords [en]
Profitability, life cycle, micro firms, MANOVA, development stages.
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:miun:diva-17523DOI: 10.1504/WREMSD.2013.054738Scopus ID: 2-s2.0-84879641204OAI: oai:DiVA.org:miun-17523DiVA, id: diva2:573278
Available from: 2012-11-30 Created: 2012-11-30 Last updated: 2017-12-07Bibliographically approved

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Yazdanfar, DarushSalman, A. KhalikArnesson, Leif

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
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Output format
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  • asciidoc
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