Quotation Gschwandtner, Adelina. 2010. Evolution of Profit Persistence in the US: Evidence from three Periods. Scientific Colloquium, Karl- Franzens-University Graz, 25.05.




The present study analyses 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 analysed sample, giving a more comprehensive depiction of the US economy during this half of the century. The results point toward a constant increase of competition after the opening of the US economy to international competition in the 1960-1980s. Key determinants of profit persistence seem to be the firrm's and industry size, industry-growth, and more recently risk and advertising.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Unpublished lecture
Language English
Title Evolution of Profit Persistence in the US: Evidence from three Periods
Event Scientific Colloquium
Location Karl- Franzens-University Graz
Date May 25, 2010
URL http://www.uni-graz.at/vwlwww/vwlwww_forschung/vwlwww_wirtwiss_kolloquium.htm


Gschwandtner, Adelina (Former researcher)
Institute for Statistics and Mathematics IN (Details)
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