Gschwandtner, Adelina. 2009. EVOLUTION OF PROFIT PERSISTENCE IN THE US: EVIDENCE FROM THREE PERIODS. 36th Annual Conference of the European Association for Research in Industrial Economics (EARIE), Ljubliana, Slowenien, 03.09.-05.09.

RIS

@CONFERENCE{Gschwandtner2009,
title = {EVOLUTION OF PROFIT PERSISTENCE IN THE US: EVIDENCE FROM THREE PERIODS},
author = {Adelina Gschwandtner},
year = {2009},
address = {Ljubliana},
url = {http://www.earie2009.org/Detailed%20Program.aspx},
language = {EN},
misc = {36th Annual Conference of the European Association for Research in Industrial Economics (EARIE)},
abstract = {The present study analyzes 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 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 60-80's. Key determinants of profit persistence seem to be the firm's and industry size, industry-growth, and more recently risk, advertising and exports.},
}