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Estimation of future levels and changes in profitability: The effect of the relative position of the firm in its industry and the operating-financing disaggregation

✍ Scribed by Amor-Tapia, Borja; Tascón Fernández, María T.

Book ID
121811547
Publisher
Servicio de Publicaciones de la Universidad e Murcia
Year
2014
Tongue
Spanish
Weight
901 KB
Volume
17
Category
Article
ISSN
1138-4891

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✍ Karel Cool; Lars-Hendrik Röller; Benoit Leleux 📂 Article 📅 1999 🏛 John Wiley and Sons 🌐 English ⚖ 95 KB 👁 3 views

This paper estimates the effects of actual and potential rivalry on profitability of firms in the U.S. pharmaceutical industry during the 20-year period 1963-82. The results show that during the 1960s actual rivalry among the sampled firms did not materially affect firm profitability, but that durin