Matches in Harvard for { <http://id.lib.harvard.edu/aleph/007735885/catalog> ?p ?o. }
Showing items 1 to 18 of
18
with 100 items per page.
- catalog abstract "Industry conditions are strongly, systematically related to the size of "firm effects." In some industries, all firms earn roughly the same rate of return in the long run, and firm effects are small. In other industries, the better firms sustain large advantages over the worse, long-run profit rates are widely dispersed, and firm effects are large. Over the period 1988-95, industry conditions account for more than 50% of the variance in the size of firm effects across roughly 200 U.S. manufacturing industries. Profit rates are widely dispersed in technologically progressive industries, in markets with opportunities for process and product differentiation, in industries with localized or fragmentedcompetition, in industries with little union presence, in profitable and fast-growing industries, and in broadly defined markets. Skill intensity and asset sunkenness--factors widely cited to deter imitation and preserve intra-industrydifferences--have at best an indirect effect on observed dispersion. The results are robust, holding even after one adjusts for intra-industry differences in the opportunity cost of capital.".
- catalog contributor b10696428.
- catalog contributor b10696429.
- catalog created "c1998.".
- catalog date "1998".
- catalog date "c1998.".
- catalog dateCopyrighted "c1998.".
- catalog description "Includes bibliographical references (p. 40-42).".
- catalog description "Industry conditions are strongly, systematically related to the size of "firm effects." In some industries, all firms earn roughly the same rate of return in the long run, and firm effects are small. In other industries, the better firms sustain large advantages over the worse, long-run profit rates are widely dispersed, and firm effects are large. Over the period 1988-95, industry conditions account for more than 50% of the variance in the size of firm effects across roughly 200 U.S. manufacturing industries. Profit rates are widely dispersed in technologically progressive industries, in markets with opportunities for process and product differentiation, in industries with localized or fragmentedcompetition, in industries with little union presence, in profitable and fast-growing industries, and in broadly defined markets. Skill intensity and asset sunkenness--factors widely cited to deter imitation and preserve intra-industrydifferences--have at best an indirect effect on observed dispersion. The results are robust, holding even after one adjusts for intra-industry differences in the opportunity cost of capital.".
- catalog extent "42 p. :".
- catalog isPartOf "Working paper (Harvard University. Graduate School of Business Administration. Division of Research) ; 98-065.".
- catalog isPartOf "Working paper / Division of Research, Harvard Business School ; 98-065".
- catalog issued "1998".
- catalog issued "c1998.".
- catalog language "eng".
- catalog publisher "[Boston] : Division of Research, Harvard Business School,".
- catalog title "Reconcilable differences : the relationship between industry conditions and firm effects / Jan Rivkin.".
- catalog type "text".