have high industry-level dispersion of profitability have on average higher market-to-book ratios than firms in low … dispersion industries. This positive relation between market-to-book ratios and industry profitability dispersion is economically …

, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It documents … that the positive profitability differential of exporters compared to non-exporters is statistically significant, though …. Instead, we use a newly developed continuous treatment approach and show that exporting improves the profitability almost over …