Schiefer, Jan, Hartmann, Monika, Gschwandtner, Adelina 2011 Industry, firm, year, and country effects on profitability in EU food processing
BibTeX
Abstract
This paper decomposes the variance in food industry return-on-assets into year, country, industry, and firm effects. Besides these main effects, we include several interactions and discuss their theoretical foundations. After determining effect significance in a nested ANOVA with a rotating pattern of effect introduction, we estimate effect magnitude using components of variance in a large sample of corporations. The results show that firm characteristics are more important than industry structure in determining food industry profitability in Europe. Main effects and interactions of year and country membership are weak, indicating that performance differentials can poorly be explained by macroeconomic and trade theory.
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| Status of publication | Published |
|---|---|
| Affiliation | WU |
| Type of publication | Working/discussion paper, preprint |
| Language | English |
| Title | Industry, firm, year, and country effects on profitability in EU food processing |
| Year | 2011 |
Associations
- People
- Gschwandtner, Adelina (Former researcher)
- External
- Hartmann, Monika (University of Bonn, Germany)
- Schiefer, Jan (University of Bonn, Germany)
- Organization
- Institute for Statistics and Mathematics IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5300 Economics (Details)
- 5302 Agricultural economics (Details)
- 5323 Econometrics (Details)
- 5361 Financial management (Details)
- 5370 Industrial economics (Details)