Opstad, Leiv; Idsø, Johannes; Valenta, Robin - In: Economies : open access journal 10 (2022) 2, pp. 1-12
have analysed this sector. However, rather few articles have focused on the dynamics of growth and profit. The purpose of … this paper is to apply the theory of profit persistence and the law of proportionate effect (LPE) to Norwegian restaurants …. Small businesses grow faster than the others, and they are also more profitable. There is some degree of profit persistence …