The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Persistence of Shocks to Profitability
Abstract
In this study, we use data for 1981 through 1994 on a large sample of U.S. companies to examine the persistence of incremental industry, corporate-parent, and business-specific effects on profitability. Our results indicate that the incremental effects of industry on profitability persist longer than the incremental effects of the corporate parent and of the specific business. Changes in industry structure have a more persistent impact on profitability than do changes in firm structure.
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Citations
Cites
Biases in dynamic models with fixed effects
Nickell, S. (1981) · Econometrica · doi:10.2307/1911408 · Cited by 8,735
Cited by
Corporate reputation and sustained superior financial performance
Roberts, P. W., & Dowling, G. R. (2002) · Strategic Management Journal · doi:10.1002/smj.274 · Cited by 2,926
Stakeholder relations and the persistence of corporate financial performance
Choi, J., & Wang, H. (2009) · Strategic Management Journal · doi:10.1002/smj.759 · Cited by 791
Metadata
- Authors
- McGahan, A. M., & Porter, M. E.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 1999-02
- Volume
- 81
- Issue
- 1
- Pages
- 143-153
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2082555048
- Cited by
- 297
- References
- 1
- FWCI
- 9.59
- Type
- journal article
- Language
- en
- Open access
- closed
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- McGahan, A. M., & Porter, M. E. (1999). The Persistence of Shocks to Profitability. Review of Economics and Statistics. https://doi.org/10.1162/003465399767923890
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
