Does Industry Matter Differently in Different Places?
A Comparison of Industry, Corporate Parent, and Business Segment
This paper assesses the locus of firm profits by comparing year, industry, corporate parent and business specific effects across Australia, Canada, the UK and the US. The analysis corroborates findings regarding the magnitude of each class of effects in explaining variance in firm profits in the US and demonstrates a pattern of roughly similar results when the scope of the analysis is extended to other advanced economies.
© 2000 MIT Industrial Performance Center (IPC)
Jeffrey L. Furman