Akben Selçuk, Elif2019-06-272019-06-272016251804-97961804-9796https://hdl.handle.net/20.500.12469/523https://doi.org/10.20472/ES.2016.5.3.001The objective of this study is to investigate the impact of firm age on the profitability of Turkish firms listed on Borsa Istanbul. Using a dataset covering the years between 2005 and 2014 and consisting of 302 non-financial firms per year on the average a fixed effects model with robust standard errors is estimated. Results reveal that there is a negative and convex relationship between firm age and profitability measured by return on assets return on equity or gross profit margin. This suggests that younger firms start to see a decline in their profitability from the beginning but they may become profitable again at an old age. Implications are provided.eninfo:eu-repo/semantics/openAccessFirm ageFirm Life CycleFinancial PerformanceProfitabilityFixed Effects ModelEmerging MarketsTurkeyArticle1935WOS:00039019780000110.20472/ES.2016.5.3.001N/AN/A