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The Persistence of Profitability among Firms in the Food Economy
Author(s) -
Schumacher Sara K.,
Boland Michael A.
Publication year - 2005
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/j.0002-9092.2005.00705.x
Subject(s) - profitability index , business , persistence (discontinuity) , corporation , food industry , agribusiness , industrial organization , commerce , agriculture , finance , ecology , geotechnical engineering , political science , law , biology , engineering
The persistence of industry, firm‐specific, and corporate‐parent effects on firm profitability in the food economy are calculated and further analyzed within its four major sectors: food processing, wholesale grocery, retail supermarket, and restaurant. Profits are more persistent within an industry than within a corporation. The retail supermarket sector has had stable profits as has individual retail supermarket firms relative to the other three sectors.