Abstract
The persistence of industry, firm-specific, and corporate-parent effects on firm profitability in the food economy are calculated and further analyzed within its four major sectors: food processing, wholesale grocery, retail supermarket, and restaurant. Profits are more persistent within an industry than within a corporation. The retail supermarket sector has had stable profits as has individual retail supermarket firms relative to the other three sectors.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 103-115 |
| Number of pages | 13 |
| Journal | American Journal of Agricultural Economics |
| Volume | 87 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 2005 |
Bibliographical note
Funding Information:We thank B. Wade Brorsen and an anonymous reviewer for helpful comments and suggestions. Funding for this research was provided by the Agricultural Marketing Resource Center. Manuscript number 04-316-j of the Kansas Agricultural Experiment Station.
Copyright:
Copyright 2008 Elsevier B.V., All rights reserved.
Keywords
- Food
- Industrial organization
- Market structure