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Profit Persistence in Energy Industry: A Comparison Between Listed and Unlisted Companies

Author

Listed:
  • Omer Iskenderoglu

    (Faculty of Economics and Administrative Science, Nigde Omer Halisdemir University, Turkey)

  • Ozkan Haykir

    (Faculty of Economics and Administrative Science, Nigde Omer Halisdemir University, Turkey)

Abstract

In this paper, we examine the profit persistency for energy industry around the world during the sample period between 2010 and 2016. We distinguish our dataset into two groups: the listed and unlisted companies to see whether these groups show a different pattern. Profit is measured using four different proxies; namely, return on asset, return on equity, return on capital employed and profit margin. The results of this study indicates that profits do not persist. where it means that competition in the energy industry is high. In addition, the competition is found to be higher in listed companies compare to unlisted companies.

Suggested Citation

  • Omer Iskenderoglu & Ozkan Haykir, 2018. "Profit Persistence in Energy Industry: A Comparison Between Listed and Unlisted Companies," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 288-292.
    • Handle: RePEc:eco:journ2:2018-04-36
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Profit Persistence; Listed and Unlisted Companies; Energy Industry;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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