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Heterogeneity in Firm Performance

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

Firm performance is of fundamental importance in economic analysis because the prosperity of an economy ultimately depends on its productivity which, in turn, depends on the success of ?rms. The objective of this book is to improve the understanding of what drives ?rm performance. It analyzes the causes and consequences of heterogeneity in ?rm performance using two common indicators: productivity and pro?tability. The empirical investigation employs a panel dataset that comprises 1,206 large Australian ?rms and covers the period from 1995 to 2005. The results in this book highlight the heterogeneity in ?rm performance. The evidence suggests that there are substantial and persistent di?erences in performance across ?rms, in particular with respect to productivity and profitability. Pro?tability is predominantly determined by unique and fundamental characteristics of the ?rm, and productivity and productivity persistence are signi?cant factors among them. The lack of industry e?ects suggests that heterogeneity in ?rm performance is not necessarily related to market failure and anti-competitive behavior. There is no strong evidence that market failures are prominent in the economy.

Product Specifications
SKU :COC69882
AuthorAndreas Stierwald
LanguageEnglish
BindingPaperback
Number of Pages188
Publishing Year2011-09-22T00:00:00.000
ISBN978-3845477077
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00