Abstract

This study probes into the scrutiny of firm competitiveness from the vantage point of the firm life cycle theory, leveraging a complete dataset covering 237 manufacturing firms listed on the Pakistan Stock Exchange (PSX) over the period covering from 2010 to 2021. Employing firm life cycle stages through Dickinson (2011) approach as independent variables and firm competitiveness as the dependent variable based on the APP model developed using PCA analysis. Panel dummy regression analysis is performed, and results revealed that a statistically significant variation in firm competitiveness is observed across different life cycle stages. It signifies the importance of considering this aspect while devising policies and strategies to improve or sustain overall firm competitiveness.

Keywords: Firm Competitiveness, Life Cycle Theory, Dickinson's approach