메뉴 건너뛰기




Volumn 17, Issue 4, 2008, Pages 711-751

Productivity, profitability and financial performance

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDY; GROWTH RATE; INDUSTRIAL PERFORMANCE; MANUFACTURING; PRODUCTIVITY; PROFITABILITY; SERVICE SECTOR;

EID: 49149083863     PISSN: 09606491     EISSN: 14643650     Source Type: Journal    
DOI: 10.1093/icc/dtn027     Document Type: Article
Times cited : (108)

References (48)
  • 2
    • 33645681087 scopus 로고    scopus 로고
    • Firm turnover in imperfectly competitive markets
    • Asplund, M. and V. Nocke (2006), 'Firm turnover in imperfectly competitive markets,' Review of Economic Studies, 73, 295-327.
    • (2006) Review of Economic Studies , vol.73 , pp. 295-327
    • Asplund, M.1    Nocke, V.2
  • 4
    • 0032326595 scopus 로고    scopus 로고
    • Productivity dynamics: U.S. manufacturing plants 1972-1986
    • Bartelsman, E. and P. Dhrymes (1998), 'Productivity dynamics: U.S. manufacturing plants 1972-1986,' Journal of Productivity Analysis, 9, 5-34.
    • (1998) Journal of Productivity Analysis , vol.9 , pp. 5-34
    • Bartelsman, E.1    Dhrymes, P.2
  • 5
    • 0001655529 scopus 로고    scopus 로고
    • Understanding productivity: Lessons from longitudinal microdata
    • Bartelsman, E. and M. Doms (2000), 'Understanding productivity: Lessons from longitudinal microdata,' Journal of Economic Literature, 38, 569-594.
    • (2000) Journal of Economic Literature , vol.38 , pp. 569-594
    • Bartelsman, E.1    Doms, M.2
  • 6
    • 0034826590 scopus 로고    scopus 로고
    • Modes of knowledge accumulation, entry regimes and patterns of industrial evolution
    • Bottazzi, G., G. Dosi and G. Rocchetti (2001), 'Modes of knowledge accumulation, entry regimes and patterns of industrial evolution,' Industrial and Corporate Change, 10, 609-638.
    • (2001) Industrial and Corporate Change , vol.10 , pp. 609-638
    • Bottazzi, G.1    Dosi, G.2    Rocchetti, G.3
  • 9
    • 0742282431 scopus 로고    scopus 로고
    • On the evolution of the firm size distribution: Facts and theory
    • Cabral, L. and J. Mata (2003), 'On the evolution of the firm size distribution: Facts and theory,' American Economic Review, 93 1075-1090.
    • (2003) American Economic Review , vol.93 , pp. 1075-1090
    • Cabral, L.1    Mata, J.2
  • 10
    • 0001611547 scopus 로고    scopus 로고
    • Industrial organization and new findings on the turnover and mobility of firms
    • Caves, R. (1998), 'Industrial organization and new findings on the turnover and mobility of firms,' Journal of Economic Literature, 36, 1947-1982.
    • (1998) Journal of Economic Literature , vol.36 , pp. 1947-1982
    • Caves, R.1
  • 11
    • 77955242585 scopus 로고
    • Testing the law of proportionate effects
    • Chesher, A. (1979), 'Testing the law of proportionate effects,' Journal of Industrial Economics, 27, 403-411.
    • (1979) Journal of Industrial Economics , vol.27 , pp. 403-411
    • Chesher, A.1
  • 12
    • 34447107815 scopus 로고    scopus 로고
    • Testing the principle of growth of the fitter: The relationship between profits and firm growth
    • Coad, A. (2007), 'Testing the principle of growth of the fitter: The relationship between profits and firm growth,' Structural Change and Economic Dynamics, 18, 370-386.
    • (2007) Structural Change and Economic Dynamics , vol.18 , pp. 370-386
    • Coad, A.1
  • 13
    • 0000789987 scopus 로고    scopus 로고
    • Financial markets and firms dynamics
    • Cooley, T. and V. Quadrini (2001), 'Financial markets and firms dynamics,' American Economic Review, 91, 1286-1310.
    • (2001) American Economic Review , vol.91 , pp. 1286-1310
    • Cooley, T.1    Quadrini, V.2
  • 14
    • 84928466464 scopus 로고
    • The convergence of profits in the long run: Inter-firm and inter-industry comparisons
    • Cubbin, J. and P. Geroski (1987), 'The convergence of profits in the long run: Inter-firm and inter-industry comparisons,' Journal of Industrial Economics, 35, 427-442.
    • (1987) Journal of Industrial Economics , vol.35 , pp. 427-442
    • Cubbin, J.1    Geroski, P.2
  • 15
    • 49149117433 scopus 로고    scopus 로고
    • Statistical regularities in the evolution of industries. A guide through some evidence and challenges for the theory
    • S. Brusoni and F. Malerba eds, Cambridge University Press: Cambridge
    • Dosi, G. (2006), 'Statistical regularities in the evolution of industries. A guide through some evidence and challenges for the theory,' in S. Brusoni and F. Malerba (eds), Perspectives on Innovation. Cambridge University Press: Cambridge.
    • (2006) Perspectives on Innovation
    • Dosi, G.1
  • 16
    • 84959843820 scopus 로고
    • Markov-perfect industry dynamics: A framework for empirical work
    • Ericson, R. and A. Pakes (1995), 'Markov-perfect industry dynamics: A framework for empirical work,' Review of Economic Studies, 62 53-82.
    • (1995) Review of Economic Studies , vol.62 , pp. 53-82
    • Ericson, R.1    Pakes, A.2
  • 17
    • 33645163651 scopus 로고    scopus 로고
    • Do liquidity constraints matter in explaining firm size and growth? Some evidence from the Italian manufacturing industry
    • Fagiolo, G. and A. Luzzi (2006), 'Do liquidity constraints matter in explaining firm size and growth? Some evidence from the Italian manufacturing industry,' Industrial and Corporate Change, 15 1-39.
    • (2006) Industrial and Corporate Change , vol.15 , pp. 1-39
    • Fagiolo, G.1    Luzzi, A.2
  • 20
    • 0344161829 scopus 로고    scopus 로고
    • Aggregate productivity growth: Lessons from microeconomic evidence
    • E. Dean, M. Harper and C. Hulten eds, University of Chicago Press: Chicago, IL
    • Foster, L., J. Haltiwanger and C. Krizan (2001), 'Aggregate productivity growth: Lessons from microeconomic evidence,' in E. Dean, M. Harper and C. Hulten (eds), New Developments in Productivity Analysis. University of Chicago Press: Chicago, IL.
    • (2001) New Developments in Productivity Analysis
    • Foster, L.1    Haltiwanger, J.2    Krizan, C.3
  • 21
    • 41849119157 scopus 로고    scopus 로고
    • Reallocation, firm turnover, and efficiency: Selection on productivity or profitability?
    • Foster, L., J. Haltiwanger and C. Syverson (2008), 'Reallocation, firm turnover, and efficiency: Selection on productivity or profitability?,' American Economic Review, 98(1), 394-425.
    • (2008) American Economic Review , vol.98 , Issue.1 , pp. 394-425
    • Foster, L.1    Haltiwanger, J.2    Syverson, C.3
  • 23
    • 84936127503 scopus 로고
    • The persistence of profits: A European comparison
    • Geroski, P. and A. Jacquemin (1988), 'The persistence of profits: A European comparison,' The Economic Journal, 98, 375-389.
    • (1988) The Economic Journal , vol.98 , pp. 375-389
    • Geroski, P.1    Jacquemin, A.2
  • 24
    • 0344111513 scopus 로고    scopus 로고
    • Corporate profitability and the dynamics of competition in emerging markets: A time series analysis
    • Glen, J., K. Lee and A. Singh (2003), 'Corporate profitability and the dynamics of competition in emerging markets: A time series analysis,' The Economic Journal, 113, 465-484.
    • (2003) The Economic Journal , vol.113 , pp. 465-484
    • Glen, J.1    Lee, K.2    Singh, A.3
  • 27
    • 0001600291 scopus 로고
    • Entry, exit and firm dynamics in long run equilibrium
    • Hopenhayn, H. (1992), 'Entry, exit and firm dynamics in long run equilibrium,' Econometrica, 60, 1127-1150.
    • (1992) Econometrica , vol.60 , pp. 1127-1150
    • Hopenhayn, H.1
  • 28
    • 0000180018 scopus 로고    scopus 로고
    • Capital-market imperfections and investment
    • Hubbard, R. (1998), 'Capital-market imperfections and investment,' Journal of Economic Literature, 36, 193-225.
    • (1998) Journal of Economic Literature , vol.36 , pp. 193-225
    • Hubbard, R.1
  • 29
    • 0002485234 scopus 로고
    • Selection and the evolution of industry
    • Jovanovic, B. (1982), 'Selection and the evolution of industry,' Econometrica, 50, 649-670.
    • (1982) Econometrica , vol.50 , pp. 649-670
    • Jovanovic, B.1
  • 30
    • 0003112060 scopus 로고    scopus 로고
    • Do investment-cash flow sensitivities provide useful measures of financing constraints?
    • Kaplan, S. and L. Zingales (1997), 'Do investment-cash flow sensitivities provide useful measures of financing constraints?,' The Quarterly Journal of Economics, 112, 169-215.
    • (1997) The Quarterly Journal of Economics , vol.112 , pp. 169-215
    • Kaplan, S.1    Zingales, L.2
  • 31
    • 0039011997 scopus 로고    scopus 로고
    • Investment-cash flow sensitivities are not valid measures of financing constraints
    • Kaplan, S. and L. Zingales (2000), 'Investment-cash flow sensitivities are not valid measures of financing constraints,' The Quarterly Journal of Economics, 115, 707-712.
    • (2000) The Quarterly Journal of Economics , vol.115 , pp. 707-712
    • Kaplan, S.1    Zingales, L.2
  • 32
    • 0000013633 scopus 로고
    • On the size distribution of business firms
    • Lucas, R. (1978), 'On the size distribution of business firms,' The Bell Journal of Economics, 9, 508-523.
    • (1978) The Bell Journal of Economics , vol.9 , pp. 508-523
    • Lucas, R.1
  • 33
    • 29444442782 scopus 로고
    • Panel-data estimates of the production function and the revenue function: What difference does it make?
    • Mairesse, J. and J. Jaumandreu (1995), 'Panel-data estimates of the production function and the revenue function: What difference does it make?,' Scandinavian Journal of Economics, 107, 651-672.
    • (1995) Scandinavian Journal of Economics , vol.107 , pp. 651-672
    • Mairesse, J.1    Jaumandreu, J.2
  • 34
    • 31244433763 scopus 로고    scopus 로고
    • Does the persistence of profits persist?: A study of company profits in Japan, 1964-97
    • Maruyama, N. and H. Odagiri (2002), 'Does the persistence of profits persist?: A study of company profits in Japan, 1964-97,' International Journal of Industrial Organization, 20, 1513-1533.
    • (2002) International Journal of Industrial Organization , vol.20 , pp. 1513-1533
    • Maruyama, N.1    Odagiri, H.2
  • 36
    • 0242583203 scopus 로고    scopus 로고
    • The impact of trade on intra-industry reallocations and aggregate industry productivity
    • Melitz, M. (2003), 'The impact of trade on intra-industry reallocations and aggregate industry productivity,' Econometrica, 71, 1695-1725.
    • (2003) Econometrica , vol.71 , pp. 1695-1725
    • Melitz, M.1
  • 38
    • 84925907891 scopus 로고
    • The persistence of profits above the norm
    • Mueller, D. (1977), 'The persistence of profits above the norm,' Economica, 44, 369-380.
    • (1977) Economica , vol.44 , pp. 369-380
    • Mueller, D.1
  • 39
  • 42
    • 38249018087 scopus 로고
    • Persistence of profits in the long run: A critical extension of some recent findings
    • Schohl, F. (1990), 'Persistence of profits in the long run: A critical extension of some recent findings,' International Journal of Industrial Organization, 8, 385-404.
    • (1990) International Journal of Industrial Organization , vol.8 , pp. 385-404
    • Schohl, F.1
  • 45
    • 0041160785 scopus 로고    scopus 로고
    • Manufacturing firms in developing countries: How well do they do, and why?
    • Tybout, J. (2000), 'Manufacturing firms in developing countries: How well do they do, and why?,' Journal of Economic Literature, 38 7-40.
    • (2000) Journal of Economic Literature , vol.38 , pp. 7-40
    • Tybout, J.1
  • 46
    • 0001382584 scopus 로고    scopus 로고
    • Industry differences in the persistence of firm-specific returns
    • Waring, G. (1996), 'Industry differences in the persistence of firm-specific returns,' American Economic Review, 86, 1253-1265.
    • (1996) American Economic Review , vol.86 , pp. 1253-1265
    • Waring, G.1
  • 47
    • 33746787205 scopus 로고    scopus 로고
    • External finance constraints and the intertemporal pattern of intermittent investment
    • Whited, T. (2006), 'External finance constraints and the intertemporal pattern of intermittent investment,' Journal of Financial Economics 81, 467-502.
    • (2006) Journal of Financial Economics , vol.81 , pp. 467-502
    • Whited, T.1
  • 48
    • 84914725847 scopus 로고
    • Satisficing, selection, and the innovating remnant
    • Winter, S. (1971), 'Satisficing, selection, and the innovating remnant,' Quarterly Journal of Economics, 85, 237-271.
    • (1971) Quarterly Journal of Economics , vol.85 , pp. 237-271
    • Winter, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.