Quotation Crespo Cuaresma, Jesus, Gschwandtner, Adelina. 2004. PROFIT PERSISTENCE IN STATIONARY SERIES: EVIDENCE FROM A NEW DATASET. Annual Conference of the European Economic Associaiton (EEA/ESEM), Madrid, Spanien, 20.08-24.08.


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Abstract

One of the main shortcomings of the profit persistence literature is the fact that it looks only at surviving companies. This paper uses an unique dataset to analyze profit persistence in two different stationary series: 85 surviving US companies from 1950-1999 and 72 exiters. While the exiters perform more competitive than the survivors there is still significant evidence for profit persistence in both samples. Concentration and growth of the industry as well as size and volatility of profits seem to play an important role in explaining persistence.

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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 PROFIT PERSISTENCE IN STATIONARY SERIES: EVIDENCE FROM A NEW DATASET
Event Annual Conference of the European Economic Associaiton (EEA/ESEM)
Year 2004
Date 20.08-24.08
Country Spain
Location Madrid
URL http://www.eea-esem.com/eea-esem/2004/prog/

Associations

People
Crespo Cuaresma, Jesus (Details)
Gschwandtner, Adelina (Former researcher)
Organization
Institute for Statistics and Mathematics IN (Details)
Institute for Macroeconomics IN (Details)
Research Institute for Human Capital and Development FI (Former organization)
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