@article{article_1025389, title={Does Life-Cycle Stage Affect Companies’ Revenue Predictability? Evidence from Borsa Istanbul}, journal={Gaziantep Üniversitesi Sosyal Bilimler Dergisi}, volume={21}, pages={813–823}, year={2022}, DOI={10.21547/jss.1025389}, author={Can, Gökberk and Günay, Samet}, keywords={Yasam Döngüsü, Borsa Istanbul, Hasılat Tahmin Edilebilirliği}, abstract={In this paper we test the relationship between life-cycle stages and revenue predictability. We used three-year revenue divided by average total assets as the revenue predictability. Our life-cycle estimation is based on Dickinson’s (2011) cash-flow proxy model. Instead of using dummy variables and omitted the category with least observations, following Hansen et al. (2018), we assigned values of 0, 0.25, 0.50, 0.75, and 1 for the stages of introduction, growth, mature, shake-out, and decline, respectively. We used firm/year fixed effects regression to estimate our model. Our empirical evidence points out that companies’ revenue predictability increases as the revenue volatility decreases.}, number={2}, publisher={Gaziantep Üniversitesi}