haku: @indexterm profitability / yhteensä: 685
viite: 356 / 685
| Tekijä: | Schmalensee, R. |
| Otsikko: | Intra-industry profitability differences in US manufacturing 1953-1983. |
| Lehti: | Journal of Industrial Economics
1989 : JUN, VOL. 37:4, p. 337-357 |
| Asiasana: | INDUSTRIAL ORGANIZATION PROFITABILITY MANUFACTURING INDUSTRY USA EMPIRICAL RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | Over the period 1953-83, twelve accounting measures of profitability, which are not on average highly correlated, imply measures of the profitability advantage of large firms that move closely together. All twelve measures decline significantly over this entire period; there is no acceleration in the 1970s. All measures move counter-cyclically. These results point to the existence of important pro-cyclical industry-level changes in the strength of the concentration-profitability relation. Two directions for future research are suggested. |
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