Profits in the Long Run
- Author: Dennis C. Mueller, University of Maryland, College Park
- Date Published: April 2011
- availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
- format: Adobe eBook Reader
- isbn: 9780511826771
Find out more about Cambridge eBooks
Adobe eBook Reader
Other available formats:
Paperback, Hardback
Looking for an inspection copy?
This title is not currently available for inspection. However, if you are interested in the title for your course we can consider offering an inspection copy. To register your interest please contact [email protected] providing details of the course you are teaching.
-
Profits in the Long Run asks two questions: Are there persistent differences in profitability across firms? If so, what accounts for them? This book answers these questions using data for the 1000 largest US manufacturing firms in 1950 and 1972. It finds that there are persistent differences in profitability and market power across large US companies. Companies with persistently high profits are found to have high market shares and sell differentiated products. Mergers do not result in synergistic increases in profitability, but they do have an averaging effect. Companies with above normal profits have their profits lowered by mergers. Companies with initially below normal profits have them raised. In addition, the influence of other variables on long-run profitability, including risk, sales, diversification, growth and managerial control, is explored. The implications of antitrust policy are likewise addressed.
Customer reviews
Not yet reviewed
Be the first to review
Review was not posted due to profanity
×Product details
- Date Published: April 2011
- format: Adobe eBook Reader
- isbn: 9780511826771
- contains: 19 b/w illus. 39 tables
- availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
Table of Contents
Acknowledgements
1. The persistence of firms
2. The persistence of profits above the norm
3. The persistence of market power
4. Profitability and market structure
5. The results in perspective
6. Profitability and the firm's own advertising, patent activity, risk, and other characteristics
7. Profitability and managerial control and compensation
8. Mergers and profitability
9. Mergers and market share
10. The threads gathered and conclusions woven
Appendices
Notes
References
Index.
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email [email protected]
Register Sign in» Proceed
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.
Continue ×Are you sure you want to delete your account?
This cannot be undone.
Thank you for your feedback which will help us improve our service.
If you requested a response, we will make sure to get back to you shortly.
×