Quotation Schiefer, Jan, Hartmann, Monika, Gschwandtner, Adelina 2011 Industry, firm, year, and country effects on profitability in EU food processing


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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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Publication's profile

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 (Ă–STAT Classification 'Statistik Austria')
5300 Economics (Details)
5302 Agricultural economics (Details)
5323 Econometrics (Details)
5361 Financial management (Details)
5370 Industrial economics (Details)
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