Gschwandtner, Adelina. 2012. Evolution of Profit Persistence in the US: Evidence from Three Periods. Manchester School of Economic and Social Studies 80 (2): 172-209.

RIS

@ARTICLE{Gschwandtner2012,
title = {Evolution of Profit Persistence in the US: Evidence from Three Periods},
author = {Adelina Gschwandtner},
year = {2012},
url = {http://onlinelibrary.wiley.com/doi/10.1111/j.1467-9957.2011.02277.x/abstract},
volume = {80},
number = {2},
language = {EN},
pages = {172-209},
journal = {Manchester School of Economic and Social Studies},
abstract = {In the present study we analyze and compare profit persistence during the periods 1950-66, 1967-83 and 1984-99 in the USA. While most of the previous studies performed persistence analysis on survivors only, the present set-up 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 1960-80s. Key determinants of profit persistence seem to be the firm's and industry size, industry growth, and more recently risk, advertising and exports.},
}