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dc.contributor.authorStephan, Andreasen_US
dc.contributor.authorTsapin, Andriyen_US
dc.date.accessioned2009-01-20en_US
dc.date.accessioned2009-08-06T13:20:45Z-
dc.date.available2009-08-06T13:20:45Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/27371-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDiscussion papers // German Institute for Economic Research 848en_US
dc.subject.jelG32en_US
dc.subject.jelG30en_US
dc.subject.ddc330en_US
dc.subject.keywordProfiten_US
dc.subject.keywordpersistenceen_US
dc.subject.keywordconvergenceen_US
dc.subject.keywordMarkov chain analysisen_US
dc.subject.keywordUkraineen_US
dc.subject.stwGewinnen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwHysteresisen_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwStandorten_US
dc.subject.stwUkraineen_US
dc.titlePersistence and determinants of firm profit in emerging marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn589664891en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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