the present study is intended to examine the effect of accounting conservatism on firms’ non-profitability in tehran stock exchange in 48 unprofitable firms and 57 profitable firms over a period of seven years from 2001 to 2007. this study was conducted according to givoly and hayn model to measure accounting conservatism index in non-profitable and profitable) firms. data analysis performed wi...

The present study is intended to examine the effect of accounting conservatism on firms’ non-profitability in Tehran Stock Exchange in 48 unprofitable firms and 57 profitable firms over a period of seven years from 2001 to 2007. This study was conducted according to Givoly and Hayn model to measure accounting conservatism index in non-profitable and profitable) firms. Data analysis performed wi...

In a recent paper Helpman, Melitz and Yeaple (2002) argue firm heterogeneity leads to self-selection in the structure of international commerce. Only the most productive firms find it profitable to meet the higher costs associated with FDI; the next set of firms find it profitable to serve foreign markets through exporting; while the least productive firms find it profitable to serve only domes...

Using contemporary data for an extensive sample of 1020 Indian firms, this paper investigates the impacts that size and age of firms have on firm-level productivity and profitability. In India older firms are found to be more productive and less profitable, whereas the larger firms are, conversely, found to be more profitable and less productive. These performance differences are explained as a...

We examine the incentives for non-consolidating mergers in commercial media industries. In a model with differentiated media and products, it is shown that such a merger can be profitable since it gives merging media firms a bargaining advantage vis-àvis advertisers in the negotiations for advertising space. The extent to which this bargaining advantage yields profitable conditions for a merger...

Using a unique data set of investment projects from India, we examine how business groups choose between implementing a new project within an existing firm (“integration”) versus implementing in a new firm (“non-integration”). While industry commonality is an important determinant of this choice, we document that it is also common for groups to house diversification projects in existing firms. ...

We consider firms perfectly symmetrical on production costs in the pre-merger game but the cost of the merged entity may be amended due to the anti-competitive effects of the merger. The lack of empirical precision concerning the effect of the merger on production costs (Scherer, 1980 or Tichy, 2002) justifies our theoretical model in which we do not specify a priori the exact production cost i...