Profit persistence at the industry level: evidence from Polish companies
AbstractThis paper contributes to the existing profit persistence literature in three ways. First, the analysis was conducted for a developing country. Second, the analysis was carried out both at aggregate and industry levels. Third, the analysis was conducted mainly for the period following the global financial crisis. Implications of the research: The results of the study are not only interesting from the scientific point of view, as they verify empirically the notions about long-run profitability of companies stemming from the theory of industrial organization, but equally important is that the results may be useful for antitrust policy and the assessment of the competitiveness of industries.
|Journal series||Central and Eastern European Journal of Management and Economics, ISSN , e-ISSN 2353-9119, (B 8 pkt)|
|Publication size in sheets||0.85|
|Keywords in English||panel data, firm profitability, abnormal returns, profit persistence|
|Score||= 8.0, 19-03-2020, ArticleFromJournal|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.