International Differences in Profitability*
We examine the global distribution of company profitability over the 30 years from 1989 to 2018 focusing on the international dimension. We find the international component of profitability differences first declines and then rises. Regression analysis of time-series data shows that transitory shock...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/95063 |
| _version_ | 1848765963795693568 |
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| author | Bloch, Harry Zhou, Y. |
| author_facet | Bloch, Harry Zhou, Y. |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We examine the global distribution of company profitability over the 30 years from 1989 to 2018 focusing on the international dimension. We find the international component of profitability differences first declines and then rises. Regression analysis of time-series data shows that transitory shocks to international profitability differences mostly dissipate over a few years, although there is evidence of persistent profitability differences for many countries. Dividing the sample to accommodate a structural break, the rate of dissipation declines between 1989–2002 and 2003–2018 subperiods. The extent of persistent differences also declines, suggesting convergence of international differences in profitability may have reached its limit. |
| first_indexed | 2025-11-14T11:43:36Z |
| format | Journal Article |
| id | curtin-20.500.11937-95063 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:43:36Z |
| publishDate | 2024 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-950632024-06-10T00:16:45Z International Differences in Profitability* Bloch, Harry Zhou, Y. We examine the global distribution of company profitability over the 30 years from 1989 to 2018 focusing on the international dimension. We find the international component of profitability differences first declines and then rises. Regression analysis of time-series data shows that transitory shocks to international profitability differences mostly dissipate over a few years, although there is evidence of persistent profitability differences for many countries. Dividing the sample to accommodate a structural break, the rate of dissipation declines between 1989–2002 and 2003–2018 subperiods. The extent of persistent differences also declines, suggesting convergence of international differences in profitability may have reached its limit. 2024 Journal Article http://hdl.handle.net/20.500.11937/95063 10.1111/1475-4932.12769 http://creativecommons.org/licenses/by-nc-nd/4.0/ fulltext |
| spellingShingle | Bloch, Harry Zhou, Y. International Differences in Profitability* |
| title | International Differences in Profitability* |
| title_full | International Differences in Profitability* |
| title_fullStr | International Differences in Profitability* |
| title_full_unstemmed | International Differences in Profitability* |
| title_short | International Differences in Profitability* |
| title_sort | international differences in profitability* |
| url | http://hdl.handle.net/20.500.11937/95063 |