Timing is everything? Curvilinear effects of age at entry on new firm growth and survival and the moderating effect of IPO performance

Theory suggests that an earlier age at international entry results in improved growth but also decreased survival chances. Empirical studies tell a different story, providing mixed and equivocal results that challenge the tenets of extant theory. To begin to bridge the gap between theory and results, we develop theoretical explanations for curvilinear (inverted U-shaped) relationships between age at entry and both firm growth and firm survival...