Crespo Cuaresma, Jesus, Gschwandtner, Adelina. 2009. Explaining the persistence of profits: A time-varying approach. ANNUAL MEETING OF THE AUSTRIAN ECONOMIC ASSOCIATION NOeG, Linz, Österreich, 22.09-23.09.
BibTeX
Abstract
The present paper analyzes the determinants of profit persistence using a newly developed methodology that allows for the persistence parameter to vary with time. It therefore addresses a significant limitation of previous persistence models, which have assumed unrealistically that persistence is fixed over relatively long period of 20 years upwards. The concentration of the industry is found to have a significant positive impact on profit persistence. However, at firm level, market share and risk have surprisingly a negative impact.
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| Status of publication | Published |
|---|---|
| Affiliation | WU |
| Type of publication | Paper presented at an academic conference or symposium |
| Language | English |
| Title | Explaining the persistence of profits: A time-varying approach |
| Event | ANNUAL MEETING OF THE AUSTRIAN ECONOMIC ASSOCIATION NOeG |
| Year | 2009 |
| Date | 22.09-23.09 |
| Country | Austria |
| Location | Linz |
| URL | http://www.econ.jku.at/1406/ |
Associations
- People
- Crespo Cuaresma, Jesus (Details)
- Gschwandtner, Adelina (Former researcher)
- Organization
- Institute for Statistics and Mathematics IN (Details)
- Department of Economics (Crespo Cuaresma) (Details)
- Research Institute for Human Capital and Development FI (Former organization)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5323 Econometrics (Details)