Empirical models of firm-level profitability based on UK panel data

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Title: Empirical models of firm-level profitability based on UK panel data
Authors: Denny, Kevin
Van Reenen, John
Permanent link: http://hdl.handle.net/10197/1727
Date: Jun-1993
Abstract: Applied Industrial Economics has suffered from the criticism that most of the variables of interest, such as market structure and firm performance are inherently endogenous. We outline the three common approaches to the problem and suggest a fourth which uses panel data. Some simple empirical models of profitability are tested using data on 718 large U.K. companies between 1972 and 1986. [extract]
Funding Details: Economic and Social Research Council
Leverhulme Trust
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP93/16
Keywords: ProfitabilityPanel dataInstrumental variablesPersistence
Subject LCSH: Industrial organization (Economic theory)
Profit--Econometric models
Instrumental variables (Statistics)
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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