The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis … empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady …-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets …

' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in …

-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm …

the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast … observe convergence in profitability through time. The second question is whether there are national differences in the extent … whether there is evidence that convergence in profitability has become more rapid, by which we mean above average or below …

the process of competitive convergence in profitability of listed companies in 7 countries of the European Union. We cast … observe convergence in profitability through time. The second question is whether there are national differences in the extent … whether there is evidence that convergence in profitability has become more rapid, by which we mean above average or below …