Intra-Industry Profitability Differences in U. S. Manufacturing, 1953-1983 (Classic Reprint)

Intra-Industry Profitability Differences in U. S. Manufacturing, 1953-1983 (Classic Reprint)

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by Richard Schmalensee
     
 

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Excerpt from Intra-Industry Profitability Differences in U. S. Manufacturing, 1953-1983

Over the period 1953-83, twelve accounting measures of profitability, which are not on average highly correlated, imply measures of the profitability advantage of large firms that move closely together. All twelve measures decline significantly and substantially over this entire

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Excerpt from Intra-Industry Profitability Differences in U. S. Manufacturing, 1953-1983

Over the period 1953-83, twelve accounting measures of profitability, which are not on average highly correlated, imply measures of the profitability advantage of large firms that move closely together. All twelve measures decline significantly and substantially over this entire period; there is no acceleration in the 1970's. All measures move counter-cyclically. Together with recent work on the dynamics of the inter-industry concentration-profitability relation, these results point to the existence of important pro-cyclical industry-level changes in the strength of the concentration-profitability relation.

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Product Details

ISBN-13:
9781330765531
Publisher:
FB &c Ltd
Publication date:
07/05/2015
Pages:
52
Product dimensions:
6.00(w) x 9.00(h) x 0.11(d)

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Intra-industry profitability differences in U.S. manufacturing, 1953-1983 4 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
Nice article. That is why a firm should not put growth at expence of profitability. Size has no correlation with profitability.