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Profitability adjustment patterns in international food and consumer products industries


Author Info

  • Yvonne J. Acheampong

    (American Express Company, 5418 West Michigan Avenue, Glendale, Arizona 85308. E-mail:

  • James E. Epperson

    (Department of Agricultural and Applied Economics, 315 Conner Hall, University of Georgia, Athens, Georgia 30602-7509. E-mail:

  • Timothy A. Park

    (Department of Agricultural and Applied Economics, 313 Conner Hall, University of Georgia, Athens, Georgia 30602-7509. E-mail:

  • Lewell F. Gunter

    (Department of Agricultural and Applied Economics, 314 Conner Hall, University of Georgia, Athens, Georgia 30602-7509. E-mail:


The study encompasses an analysis of the variation in speeds of profitability adjustment and accounting bias by developed country and firm size for two important agribusiness industries. Evidence of speeds of profitability adjustment and accounting bias varying by firm size was found in the beverage and tobacco industry and by country in the food and consumer products industry. This suggests that the competitive pressures of integrated international markets are less of a factor in the food and consumer products industry [EconLit citations: L100, L150, L660]. © 2004 Wiley Periodicals, Inc. Agribusiness 20: 31-43, 2004.

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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Agribusiness.

Volume (Year): 20 (2004)
Issue (Month): 1 ()
Pages: 31-43

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Handle: RePEc:wly:agribz:v:20:y:2004:i:1:p:31-43

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  1. Fisher, Franklin M & McGowan, John J, 1983. "On the Misuse of Accounting Rates of Return to Infer Monopoly Profits," American Economic Review, American Economic Association, vol. 73(1), pages 82-97, March.
  2. Mark E. Levonian, 1994. "The persistence of bank profits: what the stock market implies," Economic Review, Federal Reserve Bank of San Francisco, pages 3-17.
  3. George J. Stigler, 1963. "Capital and Rates of Return in Manufacturing Industries," NBER Books, National Bureau of Economic Research, Inc, number stig63-1.
  4. Traill, Bruce, 1997. "Globalisation in the Food Industries?," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 24(3-4), pages 390-410.
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