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  3. The Dynamics of Company Profits
  • Cited by 140
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    • Publisher:
      Cambridge University Press
      Publication date:
      03 May 2010
      29 June 1990
      ISBN:
      9780511664724
      9780521383721
      9780521022293
      DOI:
      https://doi.org/10.1017/CBO9780511664724
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.452kg, 226 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.329kg, 228 Pages
      • Subjects:
      Economics, Industrial Economics, Strategic Management, Management
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    • Selected: Digital
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    Subjects:
    Economics, Industrial Economics, Strategic Management, Management
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    Book description

    Do company profits eventually converge on a common, competitive level? How long does the convergence process take? This book seeks to answer these questions through a comparison of company profitability using time-series data compiled at the firm level and at the industry level in Canada, France, Japan, Sweden, West Germany, the United Kingdom, and the United States. The emphasis is on long-run, dynamic processes, and the perspective is that of Joseph Schumpeter, with profits converging, if at all, to competitive levels only in the long run. The basic methodology of the book is presented in one chapter, with the subsequent chapters focusing on results for individual countries. A summary chapter presenting major resolutions and their implications concludes the book.

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