Arbeitspapier
Persistence and determinants of firm profit in emerging markets
The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis, dynamic panel GMM estimation, and quantile regression techniques to a panel of approximately 3,000 Ukrainian companies. The empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets due to more intense competition. Regarding the determinants of firm profit in an emerging market economy, the findings from alternative methods reveal that ownership structure and regional location of the firm have a significant impact.
- Sprache
-
Englisch
- Erschienen in
-
Series: DIW Discussion Papers ; No. 848
- Klassifikation
-
Wirtschaft
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Corporate Finance and Governance: General
- Thema
-
Profit
persistence
convergence
Markov chain analysis
Ukraine
Gewinn
Unternehmensentwicklung
Hysteresis
Wirtschaftliche Anpassung
Übergangswirtschaft
Eigentümerstruktur
Standort
Ukraine
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stephan, Andreas
Tsapin, Andriy
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Stephan, Andreas
- Tsapin, Andriy
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2008
Ähnliche Objekte (12)
Chemisch induzierte Zellproliferation und Kanzerogenese : retrospektive Untersuchung der Zellproliferation mittels Nachweis des Zellproliferationsmarkers PCNA in der Leber von Ratten aus toxikologischen Studien
Musiktherapie bei neurotischen Störungen : eine klinische Untersuchung
Outsourcing and Firm-level Performance
The politico-economic determinants and productivity effects of regional transport investment in Europe
Der Nutzen von Firmendaten für die wirtschaftspolitische Beratung (Editorial)
Assessing the contribution of public capital to private production
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
The impact of road infrastructure on productivity and growth: some preliminary results for the German manufacturing sector
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France
A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks
Chemisch induzierte Zellproliferation und Kanzerogenese : retrospektive Untersuchung der Zellproliferation mittels Nachweis des Zellproliferationsmarkers PCNA in der Leber von Ratten aus toxikologischen Studien
Musiktherapie bei neurotischen Störungen : eine klinische Untersuchung
Outsourcing and Firm-level Performance
The politico-economic determinants and productivity effects of regional transport investment in Europe
Der Nutzen von Firmendaten für die wirtschaftspolitische Beratung (Editorial)
Assessing the contribution of public capital to private production
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
The impact of road infrastructure on productivity and growth: some preliminary results for the German manufacturing sector
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France
A Schumpeter-inspired Approach to the Construction of R&D Capital Stocks
Chemisch induzierte Zellproliferation und Kanzerogenese : retrospektive Untersuchung der Zellproliferation mittels Nachweis des Zellproliferationsmarkers PCNA in der Leber von Ratten aus toxikologischen Studien
Musiktherapie bei neurotischen Störungen : eine klinische Untersuchung
Outsourcing and Firm-level Performance
The politico-economic determinants and productivity effects of regional transport investment in Europe
Der Nutzen von Firmendaten für die wirtschaftspolitische Beratung (Editorial)
Assessing the contribution of public capital to private production
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
The impact of road infrastructure on productivity and growth: some preliminary results for the German manufacturing sector
The contribution of transport and human capital infrastructure to local private production: a partial adjustment approach
Regional infrastructure policy and its impact on productivity: a comparison of Germany and France