A new methodology of measuring firm life-cycle stages

Zhipeng Yan, Yan Zhao

Research output: Contribution to journalArticlepeer-review

13 Scopus citations


Firm life-cycle concept has been used in a variety of disciplines, including economics, finance and accounting, and also in the real-world investment. This paper develops a new methodology of measuring firm life-cycle stages. By comparing a firm's status at each point of its development with its own historical overall status, this methodology can be applied in studies of large-sample time-series properties within each stage. We use real-world firm data to illustrate and validate our methodology.

Original languageEnglish (US)
Pages (from-to)579-587
Number of pages9
JournalInternational Journal of Economic Perspectives
Issue number4
StatePublished - Dec 2010

All Science Journal Classification (ASJC) codes

  • General Economics, Econometrics and Finance


  • Life Cycle
  • Methodology


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