Bentzen, Jan; Madsen, Erik Strøjer; Smith, Valdemar; … - Nationalökonomisk Institut, Institut for Økonomi - 2004
Persistence in corporate performance is analyzed in the framework of empirical tests of unit root behavior concerning firm profits. Data for firm-specific rates of return is applied in a set of panel unit root tests to address the question of persistence in profits both at firm level and for the...