Academia-Revista Latinoamericana de Administration
IF : 0,032
This article determines the level of persistence of profits econometrically and the differences in such a level, for different Latin American countries (Argentina, Brazil, Chile, Mexico and Peru) and for the USA. Furthermore, the article also evaluates persistence coefficients for individual companies and industries in each country and explains these coefficients. These comparisons are interesting since the questions about the determinants of performance and its persistence have been central to strategic management for several years, and there are no convincing explanations or empirical work that evaluate the variables that explain the possible variations in profit persistence across countries. Among our conclusions, we found that, at the country level, external debt, openness to international trade, country risk and foreign investment have a significantly negative impact on persistence of profits.
Publicado en: Academia-Revista Latinoamericana de Administration