The Influence of Company Age on the Firm's Performance: IPO Empirical Study from Indonesia Stock Exchange during 2019

Abstract

Company scale becomes essential for stakeholders', which larger (and/or older) firms are more profitable than their smaller company has been in numerous researchers' interest for decades. This research will give empirical evidence of the company age in Indonesia Stock Exchange who circumstances Initial Public Offerings (IPO) in 2019 towards the Firm's Performance. This research is a type of causality and uses a quantitative approach. The sampling involved 55 companies conducting IPO during 2019 as a population. This research assesses a firm's performance with return on assets (ROA) proxy thru a statistical inferential, i.e., simple regression linear analysis in data analysis. The following proceeds are obtained: (1) Company Age did not influence the Firm's Performance significantly implication; and (2) The firm's Performance antecedent only impacts from contribution Company Age by 2,04 percent.