Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27371 
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dc.contributor.authorStephan, Andreasen
dc.contributor.authorTsapin, Andriyen
dc.date.accessioned2009-01-20-
dc.date.accessioned2009-08-06T13:20:45Z-
dc.date.available2009-08-06T13:20:45Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x848en
dc.subject.jelG32en
dc.subject.jelG30en
dc.subject.ddc330en
dc.subject.keywordProfiten
dc.subject.keywordpersistenceen
dc.subject.keywordconvergenceen
dc.subject.keywordMarkov chain analysisen
dc.subject.keywordUkraineen
dc.subject.stwGewinnen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwHysteresisen
dc.subject.stwWirtschaftliche Anpassungen
dc.subject.stwÜbergangswirtschaften
dc.subject.stwEigentümerstrukturen
dc.subject.stwStandorten
dc.subject.stwUkraineen
dc.titlePersistence and determinants of firm profit in emerging markets-
dc.type|aWorking Paperen
dc.identifier.ppn589664891en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp848en

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