Profit margins and the business cycle: evidence from UK manufacturing firms
Article Abstract:
A study was conducted to evaluate empirical models of profit margins and business cycles. The study focuses on the UK manufacturing sector and considers data from 709 firms from the period covering the 1970s and 1980s. Regression and econometric tests show that profit margins declined for the manufacturing sector during the recessionary period of the 1980s. These results remain across various product groups despite timing differences for aggregate shocks.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 1993
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The profitability of innovating firms
Article Abstract:
A study was conducted to examinethe impact of technological innovations on corporate earnings. Results show that direct but transitory effects and indirect effects are observed to affect the profitability of firms. Data from a sample of 721 UK companies indicate positive direct effects worth 2.1 million pounds sterling. Indirect effects which are linked with a firm's internal capabilities exhibit effects three times as large as direct innovation effects.
Publication Name: RAND Journal of Economics
Subject: Economics
ISSN: 0741-6261
Year: 1993
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The law of one price and a theory of the firm: a Ricardian perspective on interindustry wages
Article Abstract:
A model developed to study the pattern of interindustry wages and capital intensities showed industries employing productive technologies giving better wages than their less-productive counterparts. The better wages and the use of better technologies that imply more intensive capitalization was shown to effect more stringent demands on employee monitoring, as a rationalization of investments.
Publication Name: RAND Journal of Economics
Subject: Economics
ISSN: 0741-6261
Year: 1998
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