Domestic profit advantages of multinational firms

Article Abstract:

Corporate data drawn from Federal Trade Commission records is used to determine whether profits from the domestic operations of multinational corporations are higher than the profits of their non-multinational domestic competitors. Domestic profits are regressed on industry and firm-specific characteristics, including multi-nationality. The results indicate that multinational corporations do have profit advantages over domestic corporations when the multinational also has foreign operations in the same industry.

Competition (Economics), International business enterprises, Multinational corporations

---

Earnings innovations, earnings persistence, and stock returns

Article Abstract:

The impact of unexpected earnings on stock returns and their correlation with revisions in future earnings is examined. The expected future earnings are derived from a univariate time-series model. By examining the valuation implications of the time-series nature of earnings, a new dimension in the information content of earnings is discovered. The results of the tests suggest that reactions of stock returns to unexpected earnings are not excessively volatile.

Methods, Earnings per share, Financial research

---

Market structure and market value

Article Abstract:

No consistent link between traditional market structure variables and market-value-based estimates of profits is obvious after allowing for the intangible capital effects of R & D, advertising, and the effects of growth. This finding is at odds with previous research, but it is consistent with the 'contestable markets' theory that there is no simple relation between the number and relative size of firms and competition.

Management science, Industrial concentration

Similar abstracts:

• Abstracts: International R&D project evaluation by multinational corporation in the electronics and IT industry of Singapore
• Abstracts: Clustering countries on attitudinal dimensions: a review and synthesis. Organizational studies: the merits of the Blunt approach
• Abstracts: Multiparadigm perspectives on theory building. An organizational memory approach to information management. Linking cognition and behavior: a script processing interpretation of vicarious learning
• Abstracts: Direct labor cost not always relevant at H-P. Breaking through the breakeven barriers. Comptrollership at ITT
• Abstracts: New product development: the performance and time-to-market tradeoff. Multi-agent customer allocation in a stochastic service system

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.