The Impact of Years of Operation on Business Performance: Empirical Evidence from Vietnamese Securities Companies

Using a quantitative research method, this study analyzes a dataset of 396 observations from 37 Vietnamese securities companies during the period 2013–2023. It examines the impact of various factors on the business performance of these companies, with a particular focus on the role of years of operation. The findings reveal that company size and gender diversity have a positive effect on business performance. In other words, larger companies and those with greater gender diversity tend to achieve higher performance. Conversely, higher inflation and long-term lending interest rates negatively affect business performance, meaning that increased inflation and interest rates lead to lower profitability for Vietnamese securities companies. A notable aspect of this study is its exploration of the impact of years of operation. The results indicate that securities companies operating for 10–15 years experience the lowest business performance, while those in the 5–10-year range achieve the highest. Interestingly, companies with 20–25 years of operation perform better than those in the 10–15-year group. Furthermore, firms with 15–20 years of experience tend to outperform those in the 20–25-year category. These findings are consistent with real-world business trends and provide valuable insights for industry practitioners. The study serves as a foundation for proposing policy recommendations to enhance the business performance of Vietnamese securities companies, helping them navigate economic fluctuations and improve their competitiveness in the market.