The persistence of shocks to profitability

被引：149

作者：

McGahan, AM ^{[1
]}

Porter, ME ^{[1
]}

机构：

[1] Harvard Univ, Sch Business, Cambridge, MA 02138 USA

来源：

REVIEW OF ECONOMICS AND STATISTICS | 1999年 / 81卷 / 01期

关键词：

D O I：

10.1162/003465399767923890

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this study, we use data for 1981 through 1994 on a large sample of U.S. companies to examine the persistence of incremental industry, corporate-parent, and business-specific effects on profitability. Our results indicate that the incremental effects of industry on profitability persist longer than the incremental effects of the corporate parent and of the specific business. Changes in industry structure have a more persistent impact on profitability than do changes in firm structure.

引用

页码：143 / 153

页数：11

共 19 条

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[Anonymous], 1952, ADV THEORY STAT

[2]

CAVES R, 1977, Q J EC NOV, P667

[3] THE CONVERGENCE OF PROFITS IN THE LONG-RUN - INTERFIRM AND INTERINDUSTRY COMPARISONS [J].