Profit persistence in energy industry: A comparison between listed and unlisted companies
Küçük Resim Yok
Tarih
2018
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Econjournals
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In this paper, we examine the profit persistency for energy industry around the world during the sample period between 2010 and 2016. We distinguish our dataset into two groups: The listed and unlisted companies to see whether these groups show a different pattern. Profit is measured using four different proxies; namely, return on asset, return on equity, return on capital employed and profit margin. The results of this study indicates that profits do not persist. Where it means that competition in the energy industry is high. In addition, the competition is found to be higher in listed companies compare to unlisted companies. © 2018, Econjournals. All rights reserved.
Açıklama
Anahtar Kelimeler
Energy industr, Listed and unlisted companies, Profit persistence
Kaynak
International Journal of Energy Economics and Policy
WoS Q Değeri
Scopus Q Değeri
Q2
Cilt
8
Sayı
4
