Mundt, Philipp; Alfarano, Simone; Milaković, Mishael - 2020
The cross-sectional variation in corporate profitability has occupied research across fields as diverse as strategic … forms of corporate idiosyncrasies are important determinants of profitability, but it disagrees widely on the quantitative … because profitability is ergodic conditional on survival, implying that there is a uniform, time-invariant regularity in …