EVOLUTION OF PROFIT PERSISTENCE IN THE US: EVIDENCE FROM THREE PERIODS

Beschreibung

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.

Zeitraum	3 Sept. 2009 → 5 Sept. 2009
Ereignistitel	36th Annual Conference of the European Association for Research in Industrial Economics (EARIE)
Veranstaltungstyp	Keine Angaben
Bekanntheitsgrad	International