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

Author

Listed:
  • Kevin Denny
  • John Van Reenen

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]

Suggested Citation

  • Kevin Denny & John Van Reenen, 1993. "Empirical models of firm-level profitability based on UK panel data," Working Papers 199316, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:199316
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    Download full text from publisher

    File URL: http://hdl.handle.net/10197/1727
    File Function: First version, 1993
    Download Restriction: no
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    Citations

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    Cited by:

    1. B. Davies & P. Downward, 1996. "The applicability of industrial organization theory to the services sector: initial tests from the UK hotel industry," Applied Economics Letters, Taylor & Francis Journals, vol. 3(11), pages 733-735.

    More about this item

    Keywords

    Profitability; Panel data; Instrumental variables; Persistence; Industrial organization (Economic theory); Profit--Econometric models; Instrumental variables (Statistics);
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

    Statistics

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