A dynamic panel analysis of the profitability of Australian tax entities
This paper investigates the determinants of profitability of Australian tax entities using data for 91 different industries over the period 1991/ 92 to 1996/97. A simple oligopoly model is augmented with lagged profitability to allow for persistence of profitability shocks. The Wansbeek-Bekker estim...
| Main Authors: | , , |
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| Format: | Journal Article |
| Language: | English |
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PHYSICA-VERLAG GMBH & CO
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/81806 |
| _version_ | 1848764423267680256 |
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| author | Feeny, S. Harris, Mark Rogers, M. |
| author_facet | Feeny, S. Harris, Mark Rogers, M. |
| author_sort | Feeny, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper investigates the determinants of profitability of Australian tax entities using data for 91 different industries over the period 1991/ 92 to 1996/97. A simple oligopoly model is augmented with lagged profitability to allow for persistence of profitability shocks. The Wansbeek-Bekker estimator is used to control for endogeneity of this lagged dependent variable, whilst simultaneously controlling for observed and unobserved entity heterogeneity. Aggregate results suggest that profitability in the previous year, capital intensity, and barriers to entry have the expected positive association with current profitability. Market share - and to a lesser extent concentration - have a U shaped relationship with profitability. © Springer-Verlag 2005. |
| first_indexed | 2025-11-14T11:19:07Z |
| format | Journal Article |
| id | curtin-20.500.11937-81806 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:19:07Z |
| publishDate | 2005 |
| publisher | PHYSICA-VERLAG GMBH & CO |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-818062021-03-16T03:43:00Z A dynamic panel analysis of the profitability of Australian tax entities Feeny, S. Harris, Mark Rogers, M. Social Sciences Economics Social Sciences, Mathematical Methods Business & Economics Mathematical Methods In Social Sciences firm performance market structure profitability tax entity dynamic panel model unobserved effects PRICE-COST MARGINS MANUFACTURING-INDUSTRIES FIRM PROFITABILITY TIME-SERIES DATA MODELS PROFIT BUSINESS DETERMINANTS PERFORMANCE PERSISTENCE This paper investigates the determinants of profitability of Australian tax entities using data for 91 different industries over the period 1991/ 92 to 1996/97. A simple oligopoly model is augmented with lagged profitability to allow for persistence of profitability shocks. The Wansbeek-Bekker estimator is used to control for endogeneity of this lagged dependent variable, whilst simultaneously controlling for observed and unobserved entity heterogeneity. Aggregate results suggest that profitability in the previous year, capital intensity, and barriers to entry have the expected positive association with current profitability. Market share - and to a lesser extent concentration - have a U shaped relationship with profitability. © Springer-Verlag 2005. 2005 Journal Article http://hdl.handle.net/20.500.11937/81806 10.1007/s00181-004-0230-8 English PHYSICA-VERLAG GMBH & CO restricted |
| spellingShingle | Social Sciences Economics Social Sciences, Mathematical Methods Business & Economics Mathematical Methods In Social Sciences firm performance market structure profitability tax entity dynamic panel model unobserved effects PRICE-COST MARGINS MANUFACTURING-INDUSTRIES FIRM PROFITABILITY TIME-SERIES DATA MODELS PROFIT BUSINESS DETERMINANTS PERFORMANCE PERSISTENCE Feeny, S. Harris, Mark Rogers, M. A dynamic panel analysis of the profitability of Australian tax entities |
| title | A dynamic panel analysis of the profitability of Australian tax entities |
| title_full | A dynamic panel analysis of the profitability of Australian tax entities |
| title_fullStr | A dynamic panel analysis of the profitability of Australian tax entities |
| title_full_unstemmed | A dynamic panel analysis of the profitability of Australian tax entities |
| title_short | A dynamic panel analysis of the profitability of Australian tax entities |
| title_sort | dynamic panel analysis of the profitability of australian tax entities |
| topic | Social Sciences Economics Social Sciences, Mathematical Methods Business & Economics Mathematical Methods In Social Sciences firm performance market structure profitability tax entity dynamic panel model unobserved effects PRICE-COST MARGINS MANUFACTURING-INDUSTRIES FIRM PROFITABILITY TIME-SERIES DATA MODELS PROFIT BUSINESS DETERMINANTS PERFORMANCE PERSISTENCE |
| url | http://hdl.handle.net/20.500.11937/81806 |