Journal article | Zeitschriftenartikel
Modeling Profit Series: Nonstationarity and Long Memory
The dynamic structure of profit rates for 156 US manufacturing companies is analyzed by means of fractional integration techniques as an alternative to the commonly used ARIMA models with respect to the ``persistence of profits''. Thereby the pseudo spectral density aproach of Velasco and Robinson together with model selection criteria is applied. The results show - despite the short lengths of the series and tests for the integer degrees of integration (d=0,1) - that 35.5% of the series may well be approximated by long range dependent processes, and 54\% are nonstationary. This is a confirmation of the strong challenge to the competitive environment hypothesis obtained by previous studies.
- Extent
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Seite(n): 1475-1482
- Language
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Englisch
- Notes
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Status: Postprint; begutachtet (peer reviewed)
- Bibliographic citation
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Applied Economics, 40(11)
- Event
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Geistige Schöpfung
- (who)
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Gschwandtner, Adelina
Hauser, Michael A.
- Event
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Veröffentlichung
- (when)
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2008
- DOI
- URN
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urn:nbn:de:0168-ssoar-240417
- Rights
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GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
- 21.06.2024, 4:27 PM CEST
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Object type
- Zeitschriftenartikel
Associated
- Gschwandtner, Adelina
- Hauser, Michael A.
Time of origin
- 2008
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Ethical management systems for not-for-profit organizations
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Innovations and Profits Schumpeter and the Classical Heritage
Long memory time series and fractional integration: a cliometric contribution to French and German economic and social history
Ozone Pollution and Farm Profits in England and Wales
Land, technical progress and the falling rate of profit
Corporate Governance in Non-Profit-Organisationen: Verständnisse und Entwicklungsperspektiven
Modeling Profit Series: Nonstationarity and Long Memory
Wirkungsorientiertes Non Profit Organisation-Controlling
Breakpoint detection within the time series: modeling approach upon paleoclimatic proxy data
Handling losses in translog profit models
Dachverbände als Instrument der Non-Profit Governance
Ethical management systems for not-for-profit organizations
Kommerz-Geschichte: Historische Pressefotografie zwischen Profit und Politik
Innovations and Profits Schumpeter and the Classical Heritage
Long memory time series and fractional integration: a cliometric contribution to French and German economic and social history
Ozone Pollution and Farm Profits in England and Wales
Land, technical progress and the falling rate of profit