Evolution of Profit Persistence in the USA: Evidence from Three Periods
In the present study we analyze and compare profit persistence during the periods 1950–66, 1967–83 and 1984–99 in the USA. While most of the previous studies performed persistence analysis on…
Random Walks and Sustained Competitive Advantage
- EconomicsManag. Sci.
The results suggest that persistent profitability does not necessarily provide strong evidence for systematic a priori differences among firms, and since the phenomenon of long leads is highly unrepresentative of intuitive notions of random sequences, such evidence may still be persuasive.
Profit persistence in the ‘very’ long run: evidence from survivors and exiters
One of the main shortcomings of the profit persistence literature is the fact that it looks only at surviving companies. This paper uses a unique dataset to analyse profit persistence in two…
Sustained Competitive Advantage: Temporal Dynamics and the Incidence and Persistence of Superior Economic Performance
- EconomicsOrgan. Sci.
These results, while not providing direct support for a particular extant strategic management or economic theory concerning firm performance, are most consonant with the resource-based view of the firm and have implications for significant aspects of other received strategic management and economic theories.
Performance Feedback Persistence: Comparative Effects of Historical Versus Peer Performance Feedback on Innovative Search
A persistence-based framework of organizational innovative search that connects the persistence characteristics of feedback from peer and historical referents with innovative search is proposed and empirically confirming the critical role of persistence is extended.
Persistence of profits in the EU: how competitive are EU member countries?
Profits that persist above or below the norm for prolonged periods of time reveal a lack of competition and imply a systematic misallocation of resources. Competition, if unimpeded, should restore…
Is There a Causal Effect of Concentration on Persistent Profitability Differentials?
This article searches for a causal effect of industry concentration on estimates of persistent profitability differentials. I offer solutions to identification problems that plague related analyses…
Polarisation and Reversion under Competition: Profitability of Indian Firms
Abstract We analyse profitability dynamics in a large emerging economy, India, over the two-and-a-half decades since economic liberalisation began in earnest. We find that the average rate at which…
Are the kinship networks a resource or a curse for small firms in post-communist countries? The case of Albania
Abstract Cross-sectional data are compiled from the 2002, 2005, 2008 and 2012 World Bank Living Standards Measurement Study databases for Albania. Based on responses from 1169 firms, the…
O chile é um mercado competitivo? Análise da persistência da rentabilidade aplicando um painel dinâmico
- Political Science
La persistencia de las rentabilidades es un fenomeno largamente estudiado, tanto en paises desarrollados como en paises en desarrollo. Sin embargo, la evidencia empirica es mixta. Mientras algunos…