This study investigates the causes of heterogeneity in firm profitability using a three-level model that nests firms within industries. For a sample of large Australian firms the evidence suggests that firm average profitability significantly varies at the firm and industry level. Almost two thirds of the dispersion can be explained by differences between firms, industry effects are of much smaller magnitude. In particular, the analysis reveals that the level of total factor productivity has a positive and significant impact on firm performance. However, this relationship is not homogenous among firms but depends on productivity persistence and firm size
International audienceDiverse theories of industry dynamics predict heterogeneity in production effi...
This study investigated the longitudinal behaviour of growth rates and profitability for a large sam...
The distribution of firm sizes is widely recognized as an important aspect of firm heterogeneity. A ...
The objective of this paper is to investigate the causes of heterogeneity in firm performance. In pa...
The objective of this paper is to investigate the causes of heterogeneity in firm performance. In pa...
This paper identifies the determinants of firm profitability and quantifies their relative im-portan...
This paper identifies the determinants of firm profitability and quantifies their relative importanc...
This paper identifies the determinants of firm profitability and quantifies their relative importanc...
The study investigates the determinants of firm profitability. Using data for 961 large Australian f...
Abstract: How do firms differ, and why do they differ even within narrowly defined industries? Using...
This paper analyses the association between diversification and firm performance in a sample of up t...
Abstract The analysis of the persistence of profits has long been a controversial issue within empir...
There has been a longstanding tradition in industrial economics of modelling firm profitability, whi...
Diverse theories of industry dynamics predict heterogeneity in production efficiency to be the drive...
This study investigated the longitudinal behaviour of growth rates and profitability for a large sam...
International audienceDiverse theories of industry dynamics predict heterogeneity in production effi...
This study investigated the longitudinal behaviour of growth rates and profitability for a large sam...
The distribution of firm sizes is widely recognized as an important aspect of firm heterogeneity. A ...
The objective of this paper is to investigate the causes of heterogeneity in firm performance. In pa...
The objective of this paper is to investigate the causes of heterogeneity in firm performance. In pa...
This paper identifies the determinants of firm profitability and quantifies their relative im-portan...
This paper identifies the determinants of firm profitability and quantifies their relative importanc...
This paper identifies the determinants of firm profitability and quantifies their relative importanc...
The study investigates the determinants of firm profitability. Using data for 961 large Australian f...
Abstract: How do firms differ, and why do they differ even within narrowly defined industries? Using...
This paper analyses the association between diversification and firm performance in a sample of up t...
Abstract The analysis of the persistence of profits has long been a controversial issue within empir...
There has been a longstanding tradition in industrial economics of modelling firm profitability, whi...
Diverse theories of industry dynamics predict heterogeneity in production efficiency to be the drive...
This study investigated the longitudinal behaviour of growth rates and profitability for a large sam...
International audienceDiverse theories of industry dynamics predict heterogeneity in production effi...
This study investigated the longitudinal behaviour of growth rates and profitability for a large sam...
The distribution of firm sizes is widely recognized as an important aspect of firm heterogeneity. A ...