Does the 'persistence of profits' persist?: a study of company profits in Japan, 1964-97
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Geroski, Paul A & Jacquemin, Alexis, 1988. "The Persistence of Profits: A European Comparison," Economic Journal, Royal Economic Society, vol. 98(391), pages 375-389, June.
- Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
- Saxonhouse, Gary R, 1976. "Estimated Parameters as Dependent Variables," American Economic Review, American Economic Association, vol. 66(1), pages 178-183, March.
- Cubbin, John & Geroski, Paul A, 1987. "The Convergence of Profits in the Long Run: Inter-firm and Inter-industry Comparisons," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 427-442, June.
- Schohl, Frank, 1990. "Persistence of profits in the long run: A critical extension of some recent findings," International Journal of Industrial Organization, Elsevier, vol. 8(3), pages 385-404, September.
- Odagiri, Hiroyuki & Yamawaki, Hideki, 1986. "A study of company profit-rate time series : Japan and the United States," International Journal of Industrial Organization, Elsevier, vol. 4(1), pages 1-23, March.
- Patterson, K. D., 2000. "Bias reduction in autoregressive models," Economics Letters, Elsevier, vol. 68(2), pages 135-141, August.
- repec:bla:econom:v:44:y:1977:i:176:p:369-80 is not listed on IDEAS
- B. Burcin Yurtoglu, 2004. "Persistence of firm-level profitability in Turkey," Applied Economics, Taylor & Francis Journals, vol. 36(6), pages 615-625.
- Ajit Singh & Mr. Rudolph Matthias & Mr. Jack D. Glen, 1999. "How Intensive Is Competition in the Emerging Markets? An Analysis of Corporate Rates of Return from Nine Emerging Markets," IMF Working Papers 1999/032, International Monetary Fund.
- Waring, Geoffrey F, 1996. "Industry Differences in the Persistence of Firm-Specific Returns," American Economic Review, American Economic Association, vol. 86(5), pages 1253-1265, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jan Schiefer & Stefan Hirsch & Monika Hartmann & Adelina Gschwandtner, 2013. "Industry, firm, year and country effects on profitability in EU food processing," Studies in Economics 1309, School of Economics, University of Kent.
- Trofimov, Ivan D., 2018. "Industry rates of return in Korea and alternative theories of competition: equalising convergence versus tendential equalisation," MPRA Paper 88390, University Library of Munich, Germany.
- Adelina Gschwandtner & Jesus Crespo Cuaresma, 2013.
"Explaining the Persistence of Profits: A Time-Varying Approach,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 20(1), pages 39-55, February.
- Adelina Gschwandtner & Jesus Crespo Cuaresma, 2008. "Explaining the persistence of profits: A time-varying approach," Vienna Economics Papers vie0806, University of Vienna, Department of Economics.
- Johan E. Eklund & Emma Lappi, 2019. "Persistence of profits in the EU: how competitive are EU member countries?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 327-351, May.
- Tsoulfidis, Lefteris & Alexiou, Constantinos & Parthenidis, Thanasis, 2015. "Revisiting profit persistence and the stock market in Japan," Structural Change and Economic Dynamics, Elsevier, vol. 33(C), pages 10-24.
- Mohammed Amidu & Simon K. Harvey, 2016. "The persistence of profits of banks in Africa," Review of Quantitative Finance and Accounting, Springer, vol. 47(1), pages 83-108, July.
- Evrim TURGUTLU, 2014. "Dynamics of Profitability in the Turkish Banking Industry," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 14(1), pages 43-52.
- Eralp Bektas, 2007. "The persistence of profits in the Turkish banking system," Applied Economics Letters, Taylor & Francis Journals, vol. 14(3), pages 187-190.
- Canoy, M.F.M. & Rey, P. & van Damme, E.E.C., 2004. "Dominance and Monopolization," Other publications TiSEM 28dedae7-54d6-442d-9fba-5, Tilburg University, School of Economics and Management.
- Alfarano, Simone & Milaković, Mishael & Irle, Albrecht & Kauschke, Jonas, 2012.
"A statistical equilibrium model of competitive firms,"
Journal of Economic Dynamics and Control, Elsevier, vol. 36(1), pages 136-149.
- Irle, Albrecht & Milaković, Mishael & Alfarano, Simone & Kauschke, Jonas, 2008. "A Statistical Equilibrium Model of Competitive Firms," Economics Working Papers 2008-10, Christian-Albrechts-University of Kiel, Department of Economics.
- M. Capasso & E. Cefis & K. Frenken, 2009.
"Do some firms persistently outperform?,"
Working Papers
09-, Utrecht School of Economics.
- Marco Capasso & Elena Cefis & Koen Frenken, 2009. "Do Some Firms Persistently Outperform ?," LEM Papers Series 2009/15, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- M. Capasso & E. Cefis & K. Frenken, 2009. "Do some Firms Persistently Outperform?," Working Papers 09-28, Utrecht School of Economics.
- Jesús Crespo Cuaresma & Adelina Gschwandtner, 2008.
"Tracing The Dynamics Of Competition: Evidence From Company Profits,"
Economic Inquiry, Western Economic Association International, vol. 46(2), pages 208-213, April.
- Jesús Crespo Cuaresma & Adelina Gschwandtner, 2005. "Tracing the dynamics of competition: Evidence from company profits," Vienna Economics Papers vie0504, University of Vienna, Department of Economics.
- Stefan Hirsch & Monika Hartmann, 2014. "Persistence of firm-level profitability in the European dairy processing industry," Agricultural Economics, International Association of Agricultural Economists, vol. 45(S1), pages 53-63, November.
- Adelina Gschwandtner & John R. Cable, 2004. "On Modelling the Persistence of Profits in the Long Run: An Analysis of 156 US Companies, 1950-1999," Vienna Economics Papers vie0409, University of Vienna, Department of Economics.
- Adelina Gschwandtner, 2004. "Profit Persistence in the "Very" Long Run: Evidence from Survivors," Vienna Economics Papers vie0401, University of Vienna, Department of Economics.
- Adelina Gschwandtner & Jesus Crespo Cuaresma, 2013.
"Explaining the Persistence of Profits: A Time-Varying Approach,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 20(1), pages 39-55, February.
- Adelina Gschwandtner & Jesus Crespo Cuaresma, 2008. "Explaining the persistence of profits: A time-varying approach," Vienna Economics Papers 0806, University of Vienna, Department of Economics.
- Marcel Canoy & Patrick Rey & Eric van Damme, 2004.
"Dominance and Monopolization,"
Chapters, in: Manfred Neumann & Jürgen Weigand (ed.), The International Handbook of Competition, chapter 7,
Edward Elgar Publishing.
- Canoy, M.F.M. & Rey, P. & van Damme, E.E.C., 2004. "Dominance and Monopolization," Discussion Paper 2004-022, Tilburg University, Tilburg Law and Economic Center.
- Adelina Gschwandtner & Michael Hauser, 2008. "Modelling profit series: nonstationarity and long memory," Applied Economics, Taylor & Francis Journals, vol. 40(11), pages 1475-1482.
- Silverio Alarcón & Mercedes Sánchez, 2013. "External and Internal R&D, Capital Investment and Business Performance in the Spanish Agri-Food Industry," Journal of Agricultural Economics, Wiley Blackwell, vol. 64(3), pages 654-675, September.
- Christa Sys, 2013. "Persistence of profits in the container liner shipping industry," Chapters, in: Thomas Vanoutrive & Ann Verhetsel (ed.), Smart Transport Networks, chapter 6, pages 99-125, Edward Elgar Publishing.
- Sameeksha Desai & Johan E. Eklund & Emma Lappi, 2020. "Entry Regulation and Persistence of Profits in Incumbent Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 537-558, November.
- Wiberg, Daniel, 2009. "Persistence of Profits and the Systematic Search for Knowledge - R&D and profits above the norm," Working Paper Series in Economics and Institutions of Innovation 161, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Johan E. Eklund & Emma Lappi, 2019. "Persistence of profits in the EU: how competitive are EU member countries?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 327-351, May.
- Trofimov, Ivan D., 2018. "Industry rates of return in Korea and alternative theories of competition: equalising convergence versus tendential equalisation," MPRA Paper 88390, University Library of Munich, Germany.
- Juan Carlos Bou & Albert Satorra, 2003. "The persistence of abnormal returns at industry and firm levels," Economics Working Papers 729, Department of Economics and Business, Universitat Pompeu Fabra.
- Jack Glen & Kevin Lee & Ajit Singh, 2003.
"Corporate profitability and the dynamics of competition in emerging markets: a time series analysis,"
Economic Journal, Royal Economic Society, vol. 113(491), pages 465-484, November.
- Jack Glen & Kevin Lee & Ajit Singh, 2002. "Corporate profitability and the dynamics of competition in emerging markets: a time series analysis," Working Papers wp248, Centre for Business Research, University of Cambridge.
- Tammy L. Madsen & Michael J. Leiblein, 2015. "What Factors Affect the Persistence of an Innovation Advantage?," Journal of Management Studies, Wiley Blackwell, vol. 52(8), pages 1097-1127, December.
- Sameeksha Desai & Johan E. Eklund & Emma Lappi, 2020. "Entry Regulation and Persistence of Profits in Incumbent Firms," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(3), pages 537-558, November.
- Canarella, Giorgio & Miller, Stephen M. & Nourayi, Mahmoud M., 2013.
"Firm profitability: Mean-reverting or random-walk behavior?,"
Journal of Economics and Business, Elsevier, vol. 66(C), pages 76-97.
- Giorgio Canarella & Stephen M. Miller & Mahmoud M. Nourayi, 2012. "Firm Profitability: Mean-Reverting or Random-Walk Behavior?," Working papers 2012-05, University of Connecticut, Department of Economics, revised Oct 2012.
- Giorgio Canarella & Stephen M. Miller & Mahmoud M. Nourayi, 2012. "Firm Profitability: Mean-Reverting or Random-Walk Behavior?," Working Papers 1202, University of Nevada, Las Vegas , Department of Economics.
- repec:onb:oenbwp:y::i:36:b:1 is not listed on IDEAS
- Goddard, J. A. & Wilson, J. O. S., 1999. "The persistence of profit: a new empirical interpretation," International Journal of Industrial Organization, Elsevier, vol. 17(5), pages 663-687, July.
- Eklund, Johan & Wiberg, Daniel, 2007. "Persistence of profits and the systematic search for knowledge - R&D links to firm above-norm profits," Working Paper Series in Economics and Institutions of Innovation 85, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Christa Sys, 2013. "Persistence of profits in the container liner shipping industry," Chapters, in: Thomas Vanoutrive & Ann Verhetsel (ed.), Smart Transport Networks, chapter 6, pages 99-125, Edward Elgar Publishing.
- Altomonte, Carlo & Nicolini, Marcella, 2012. "Economic integration and the dynamics of firms’ competitive behavior," Structural Change and Economic Dynamics, Elsevier, vol. 23(4), pages 383-402.
- Oh, Ilfan, 2019. "Autonomy of profit rate distribution and its dynamics from firm size measures: A statistical equilibrium approach," BERG Working Paper Series 146, Bamberg University, Bamberg Economic Research Group.
- Dennis Mueller & Burkhard Raunig, 1999.
"Heterogeneities within Industries and Structure-Performance Models,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(4), pages 303-320, December.
- Dennis Mueller & Burkhard Raunig, 1998. "Heterogeneities within industries and structure-performance models," Working Papers 36, Oesterreichische Nationalbank (Austrian Central Bank).
- Glen, Jack & Lee, Kevin & Singh, Ajit, 2000.
"Competition, corporate governance and financing of corporate growth in emerging markets,"
MPRA Paper
53625, University Library of Munich, Germany.
- Glen, J. & Lee, K. & Singh. A., 2000. "Competition, Corporate Governance and Financing of corporate Growth in Emerging Markets," Accounting and Finance Discussion Papers 00-af46, Faculty of Economics, University of Cambridge.
- Johan E. Eklund & Emma Lappi, 2018. "Product regulations and persistence of profits: OECD evidence," Journal of Regulatory Economics, Springer, vol. 54(2), pages 147-164, October.
- Jan Bentzen & Erik Madsen & Valdemar Smith & Mogens Dilling-Hansen, 2005.
"Persistence in Corporate Performance? Empirical Evidence from Panel Unit Root Tests,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(2), pages 217-230, June.
- Bentzen, Jan & Madsen, Erik Strøjer & Smith, Valdemar & Dilling-Hansen, Mogens, 2004. "Persistence in Corporate Performance? - Empirical Evidence from Panel Unit Root Tests," Working Papers 04-15, University of Aarhus, Aarhus School of Business, Department of Economics.
- John Goddard & David McMillan & John Wilson, 2006. "Do firm sizes and profit rates converge? Evidence on Gibrat's Law and the persistence of profits in the long run," Applied Economics, Taylor & Francis Journals, vol. 38(3), pages 267-278.
- Stefan Hirsch & Adelina Gschwandtner, 2013.
"Profit persistence in the food industry: evidence from five European countries,"
European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 40(5), pages 741-759, December.
- Gschwandtner, Adelina & Hirsch, Stefan, 2011. "Profit Persistence in the Food Industry: Evidence from five European Countries," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114534, European Association of Agricultural Economists.
- Villalonga, Belen, 2004. "Intangible resources, Tobin's q, and sustainability of performance differences," Journal of Economic Behavior & Organization, Elsevier, vol. 54(2), pages 205-230, June.
- Singh, Ajit & Singh, Alaka & Weisse, Bruce, 2002.
"Corporate governance, competition, the new international financial architecture and large corporations in emerging markets,"
MPRA Paper
53665, University Library of Munich, Germany.
- Ajit Singh & Bruce Weisse & Alaka Singh, 2002. "Corporate governance, competition, the new international financial architecture and large corporations in emerging markets," Working Papers wp250, Centre for Business Research, University of Cambridge.
- Singh, Ajit & Singh, Alaka & Weisse, Bruce, 2002. "Corporate Governance, Competetion, The new International Financial Architecture and Large Corporations in Emerging Markets," MPRA Paper 24305, University Library of Munich, Germany.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:indorg:v:20:y:2002:i:10:p:1513-1533. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505551 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.