Quotation Crespo Cuaresma, Jesus, Gschwandtner, Adelina. 2009. Explaining the persistence of profits: A time-varying approach. Research Seminar Presentation, Johannes Keppler University Linz, 28.10.




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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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Unpublished lecture
Language English
Title Explaining the persistence of profits: A time-varying approach
Event Research Seminar Presentation
Location Johannes Keppler University Linz
Date Oct. 28, 2009
URL http://www.jku.at/content/e213/e63/e59/index_eng.html?record_id=e58762


Crespo Cuaresma, Jesus (Details)
Gschwandtner, Adelina (Former researcher)
Institute for Statistics and Mathematics IN (Details)
Department of Economics (Crespo Cuaresma) (Details)
Research Institute for Human Capital and Development FI (Former organization)
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