Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
964997 | Journal of the Japanese and International Economies | 2011 | 11 Pages |
Abstract
This article decomposes the business-level profit rate of Japanese multi-business corporations by performing a variance components analysis on a large sample of publicly traded non-financial firms in 1998-2003. Consistent with US evidence, estimation results demonstrate that profitability is predominantly determined by business-level factors, not corporate-level ones, suggesting that a typical multi-business corporation in Japan is a combination of relatively distinct businesses in terms of profit.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Yoshitaka Fukui, Tatsuo Ushijima,