This article analyzes persistence and the drivers of profitability in US and EU food processing using GMM estimations. Due to different firm size structures first comparable samples of US and EU food processors are derived using Propensity Score Matching. The GMM results indicate that profit...

(1) Background: Big brewers, which have experienced declining sales for their beer brands in the last decade, have been accused of "craftwashing" by some craft brewers and their aficionados - they define craftwashing as big brewers (6 million barrels per year) taking advantage of the increasing...