Industry Effects in Firm and Segment Profitability Forecasting
نویسندگان
چکیده
منابع مشابه
Industry Effects in Firm and Segment Profitability Forecasting: Corporate Diversification, Industry Classification, and Estimation Reliability1
Academics and practitioners have long recognized the importance of a firm’s industry membership in explaining its financial performance. Yet, contrary to conventional wisdom, recent research shows that industry-specific profitability forecasting models are not better than economy-wide models. This paper re-examines the incremental advantage of industry-specific models. We find considerable indu...
متن کاملIndustry Effects on Firm and Segment Profitability Forecasting: Do Aggregation and Diversity Matter?
A recent study shows that industry-specific analysis has no incremental advantage over economy-wide analysis in forecasting firm profitability. This result seems puzzling because some earlier studies have documented the importance of industry effects in explaining firm profitability. We reconcile the apparent inconsistency by showing that industry effects on profitability forecasting exist at t...
متن کاملForecasting Profitability
Notes: Center discussion papers are preliminary materials circulated to stimulate discussion and critical comments.
متن کاملNew-Firm Survival: Industry versus Firm Effects
Recent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogenity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics dominate. Our evidence suggests that both firmand industryspecific characteristics shape new-firm survival dur...
متن کاملThe Effects of Firm Specific Factors and Macroeconomics on Profitability of Property-liability Insurance Industry in Taiwan
This article investigates the relationship between firm specific factors and macroeconomics on profitability in Taiwanese property-liability insurance industry using the panel data over the1999 through 2009 time period. Using operating ratio and return on assets (ROA) for the two kinds of profitability indicators to measure insurers’ profitability. The results show that underwriting risk, reins...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Contemporary Accounting Research
سال: 2018
ISSN: 0823-9150,1911-3846
DOI: 10.1111/1911-3846.12361