Quotation Crespo Cuaresma, Jesus, Gschwandtner, Adelina. 2011. Explaining the persistence of profits: A time-varying approach. Research Seminar in Mathematics and Statistics, Vienna University of Economics and Business, 01.04.


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Abstract

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 and the size of the industry are 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Type of publication Unpublished lecture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 in Mathematics and Statistics
Location Vienna University of Economics and Business
Date April 1, 2011

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 (Details)
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