Persistence and Determinants of Firm Profit in Emerging Markets
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Persistence and Determinants of Firm Profit in Emerging Markets
Stephan, Andreas | Tsapin, Andriy
Applied Economics Quarterly, Vol. 54 (2008), Iss. 4 : pp. 231–253
24 Citations (CrossRef)
Additional Information
Article Details
Pricing
Author Details
1Jönköping International Business School, DIW Berlin, Centre of Excellence for Science and Innovation Studies (CESIS), Royal Institute of Technology, Stockholm.
2Corresponding author. European University Viadrina, Frankfurt (Oder), Germany.
Cited By
-
Firm Profitability: Mean-Reverting or Random-Walk Behavior?
Canarella, Giorgio | Miller, Stephen M. | Nourayi, Mahmoud M.SSRN Electronic Journal, Vol. (2012), Iss.
https://doi.org/10.2139/ssrn.2010816 [Citations: 1] -
Persistence in incarcerations: global comparative evidence
Asongu, Simplice
Journal of Criminological Research, Policy and Practice, Vol. 4 (2018), Iss. 2 P.136
https://doi.org/10.1108/JCRPP-11-2017-0037 [Citations: 18] -
Why Do Firms Switch Their Main Bank?: Theory and Evidence from Ukraine
Stephan, Andreas | Tsapin, Andriy | Talavera, OleksandrSSRN Electronic Journal, Vol. (2009), Iss.
https://doi.org/10.2139/ssrn.1464715 [Citations: 2] -
The Murder Epidemic: A Global Comparative Study
Asongu, Simplice | Acha-Anyi, PaulSSRN Electronic Journal, Vol. (2017), Iss.
https://doi.org/10.2139/ssrn.3109974 [Citations: 0] -
Drivers and Persistence of Death in Conflicts: Global Evidence
Asongu, Simplice A. | Uduji, Joseph I. | Okolo-Obasi, Elda N.World Affairs, Vol. 183 (2020), Iss. 4 P.389
https://doi.org/10.1177/0043820020964274 [Citations: 8] -
The Persistence of Bank Profit
Goddard, John | Liu, Hong | Molyneux, Philip | Wilson, John O.S.SSRN Electronic Journal, Vol. (2011), Iss.
https://doi.org/10.2139/ssrn.1695396 [Citations: 3] -
Dynamic Determinants of Access to Weapons: Global Evidence
Asongu, Simplice A. | Nnanna, JosephForeign Trade Review, Vol. 54 (2019), Iss. 4 P.334
https://doi.org/10.1177/0015732519874210 [Citations: 2] -
Dynamic Determinants of Access to Weapons: Global Evidence
Asongu, Simplice | Nnanna, JosephSSRN Electronic Journal, Vol. (2019), Iss.
https://doi.org/10.2139/ssrn.3328018 [Citations: 0] -
SUCCESSFUL IN THE LONG RUN: A META‐REGRESSION ANALYSIS OF PERSISTENT FIRM PROFITS
Hirsch, Stefan
Journal of Economic Surveys, Vol. 32 (2018), Iss. 1 P.23
https://doi.org/10.1111/joes.12188 [Citations: 28] -
The Persistence of Global Terrorism
Asongu, Simplice
SSRN Electronic Journal, Vol. (2019), Iss.
https://doi.org/10.2139/ssrn.3447497 [Citations: 0] -
The Persistence of Profits of Banks in Africa
Amidu, Mohammed | Harvey, Simon K.SSRN Electronic Journal, Vol. (2014), Iss.
https://doi.org/10.2139/ssrn.2457972 [Citations: 0] -
The Murder Epidemic: A Global Comparative Study
Asongu, Simplice A. | Acha-Anyi, Paul N.International Criminal Justice Review, Vol. 29 (2019), Iss. 2 P.105
https://doi.org/10.1177/1057567718759584 [Citations: 69] -
The persistence of bank profit
Goddard, John | Liu, Hong | Molyneux, Philip | Wilson, John O.S.Journal of Banking & Finance, Vol. 35 (2011), Iss. 11 P.2881
https://doi.org/10.1016/j.jbankfin.2011.03.015 [Citations: 141] -
Does expected idiosyncratic skewness of firms' profit predict the cross-section of stock returns? Evidence from China
Zhang, Qun | Zhang, Peihui | Liu, HaoResearch in International Business and Finance, Vol. 64 (2023), Iss. P.101839
https://doi.org/10.1016/j.ribaf.2022.101839 [Citations: 1] -
Degree of financialization and energy efficiency in Sub-Saharan Africa: do institutions matter?
Adom, Philip Kofi | Amuakwa-Mensah, Franklin | Amuakwa-Mensah, SalomeFinancial Innovation, Vol. 6 (2020), Iss. 1
https://doi.org/10.1186/s40854-020-00192-3 [Citations: 15] -
The Persistence of Weapons: Global Evidence
Asongu, Simplice | Uduji, Joseph I. | Okolo-Obasi, Elda N.SSRN Electronic Journal , Vol. (2019), Iss.
https://doi.org/10.2139/ssrn.3467528 [Citations: 0] -
The Persistence of Bank Profit
Goddard, John | Liu, Hong | Molyneux, Philip | Wilson, John O.S.SSRN Electronic Journal, Vol. (2011), Iss.
https://doi.org/10.2139/ssrn.1695396 [Citations: 3] -
Differences in bank profit persistence in Sub-Saharan Africa
Sarpong-Kumankoma, Emmanuel | Abor, Joshua | Aboagye, Anthony Q.Q. | Amidu, MohammedAfrican Journal of Economic and Management Studies, Vol. 9 (2018), Iss. 4 P.512
https://doi.org/10.1108/AJEMS-03-2017-0037 [Citations: 4] -
Political instability and political terror: Global evidence on persistence
Asongu, Simplice A. | Uduji, Joseph I. | Okolo‐Obasi, Elda N.Journal of Public Affairs, Vol. 20 (2020), Iss. 3
https://doi.org/10.1002/pa.2119 [Citations: 14] -
Firm profitability: Mean-reverting or random-walk behavior?
Canarella, Giorgio | Miller, Stephen M. | Nourayi, Mahmoud M.Journal of Economics and Business, Vol. 66 (2013), Iss. P.76
https://doi.org/10.1016/j.jeconbus.2012.11.002 [Citations: 27] -
The Persistence of Weapons: Global Evidence
Asongu, Simplice A. | Uduji, Joseph I. | Okolo‐Obasi, Elda N.Politics & Policy, Vol. 48 (2020), Iss. 1 P.191
https://doi.org/10.1111/polp.12341 [Citations: 17] -
The persistence of profits of banks in Africa
Amidu, Mohammed | Harvey, Simon K.Review of Quantitative Finance and Accounting, Vol. 47 (2016), Iss. 1 P.83
https://doi.org/10.1007/s11156-014-0495-8 [Citations: 12] -
Geographic location, ownership and profitability of Washington log trucking companies
Nguyen, Diem | McCracken, Vicki | Casavant, Ken | Jessup, EricRegional Science Policy & Practice, Vol. 3 (2011), Iss. 2 P.115
https://doi.org/10.1111/j.1757-7802.2011.01033.x [Citations: 2] -
The persistence of global terrorism
Asongu, Simplice A.
Territory, Politics, Governance, Vol. 9 (2021), Iss. 1 P.111
https://doi.org/10.1080/21622671.2019.1675532 [Citations: 2]
Abstract
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.