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profitability of the corporate sector and exporting firms. Exporting firms with fast-growing exports had larger profits and they …
Persistent link: https://www.econbiz.de/10005666895
This Paper examines the effect of price competition on innovation, market structure and profitability in R … counts and profitability over 1952-77. The econometric results suggest that the introduction of restrictive practices …&D-intensive manufacturing industries, while it caused a significant rise in concentration in these industries. In the short run profitability …
Persistent link: https://www.econbiz.de/10005666839
This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown...
Persistent link: https://www.econbiz.de/10005789166
We develop a simple approach to valuing stocks in the presence of learning about average profitability. The market …-to-book ratio (M/B) increases with uncertainty about average profitability, especially for firms that pay no dividends. M/B is … returns. Firm profitability has become more volatile recently, helping explain the puzzling increase in average idiosyncratic …
Persistent link: https://www.econbiz.de/10005791675
other aspects of firm behaviour. In this paper we consider the impact of minimum wages on firm profitability by exploiting … firm profitability was significantly reduced (and wages significantly raised) by the minimum wage introduction. This … residential care homes, and a second on firms across all sectors). Interestingly, we find no evidence that the profitability …
Persistent link: https://www.econbiz.de/10005124436
effects upon profitability. We test for weak instruments and check sub-sample robustness. Our findings seem to lend support to …
Persistent link: https://www.econbiz.de/10005498032
In this paper, we study the link between profitability, fiscal policy and exchange rate regimes. We are particularly … the different types of government spending and taxation affect profitability through two main channels, namely changes in … different components of fiscal policy have different effects on profitability depending on the exchange rate regime. Using a …
Persistent link: https://www.econbiz.de/10005114338
substitute for other borrowing. We then apply this methodology to firms in India that became eligible for directed credit as a …
Persistent link: https://www.econbiz.de/10005662240
The growth of cotton textile imports into Britain from India opened up new opportunities for import substitution as the … labour-saving technological progress meant that unit labour costs became lower than in India despite the much higher wages in …
Persistent link: https://www.econbiz.de/10005662364
Three main features characterize the international financial integration of China and India. First, while only having a … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …. Changes in these factors will affect the international financial integration of China and India (through shifts in capital …
Persistent link: https://www.econbiz.de/10005662395