Quotation Gschwandtner, Adelina. 2012. Evolution of Profit Persistence in the US: Evidence from Three Periods. Manchester School of Economic and Social Studies 80 (2): 172-209.


RIS


BibTeX

Abstract

In the present study we analyze and compare profit persistence during the periods 1950-66, 1967-83 and 1984-99 in the USA. While most of the previous studies performed persistence analysis on survivors only, the present set-up allows for companies to enter and exit the analyzed sample, giving a more comprehensive depiction of the US economy during this half of the century. The results point towards a constant increase of competition after the opening of the US economy to international competition in the 1960-80s. Key determinants of profit persistence seem to be the firm's and industry size, industry growth, and more recently risk, advertising and exports.

Tags

Press 'enter' for creating the tag

Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Manchester School of Economic and Social Studies
Language English
Title Evolution of Profit Persistence in the US: Evidence from Three Periods
Volume 80
Number 2
Year 2012
Page from 172
Page to 209
Reviewed? Y
URL http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9957.2011.02277.x/abstract

Associations

People
Gschwandtner, Adelina (Former researcher)
Organization
Institute for Statistics and Mathematics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5370 Industrial economics (Details)
Google Scholar: Search