Quotation Gschwandtner, Adelina. 2009. EVOLUTION OF PROFIT PERSISTENCE IN THE US: EVIDENCE FROM THREE PERIODS. 36th Annual Conference of the European Association for Research in Industrial Economics (EARIE), Ljubliana, Slowenien, 03.09.-05.09.


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Abstract

The present study analyzes and compares profit persistence during the periods 1950-66, 1967-83 and 1984-99 in the US. While most of the previous studies performed persistence analysis on survivors only, the present setup 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 60-80's. Key determinants of profit persistence seem to be the firm's and industry size, industry-growth, and more recently risk, advertising and exports.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title EVOLUTION OF PROFIT PERSISTENCE IN THE US: EVIDENCE FROM THREE PERIODS
Event 36th Annual Conference of the European Association for Research in Industrial Economics (EARIE)
Year 2009
Date 03.09.-05.09
Country Slovenia
Location Ljubliana
URL http://www.earie2009.org/Detailed%20Program.aspx

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)
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