Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/175509 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
School of Economics Discussion Papers No. 1612
Verlag: 
University of Kent, School of Economics, Canterbury
Zusammenfassung: 
This article analyzes persistence and the drivers of profitability in US and EU food processing using GMM estimations. Due to different firm size structures first comparable samples of US and EU food processors are derived using Propensity Score Matching. The GMM results indicate that profit persistence in food processing is lower than in other manufacturing sectors. Firm-specific drivers of profitability are size, growth and financial risk. Regarding industry characteristics the growth rate significantly influences profitability. The findings provide insights for the management of food processing firms as well as for policy decisions aiming to counter power imbalances in the food sector.
Schlagwörter: 
Firm profit
persistence
food industry
GMM panel estimation
propensity score matching
JEL: 
L12
L66
M21
Dokumentart: 
Working Paper

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