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dc.contributor.authorFeeny, S.en_US
dc.contributor.authorHarris, M. N.en_US
dc.contributor.authorLoundes, J.en_US
dc.date.accessioned2014-05-22T09:48:19Z
dc.date.available2014-05-22T09:48:19Z
dc.date.issued2000-11en_US
dc.date.submitted2002-09-05en_US
dc.identifier.citationFeeny, Simon and Harris, Mark N. and Loundes, Joanne (2000) A Dynamic Panel Analysis of the Profitability of Australian Tax Entities.en_US
dc.identifier.urihttp://hdl.handle.net/11343/33672
dc.descriptionThis paper is the result of work being undertaken as part of a collaborative researchprogram entitled 'The Performance of Australian Enterprises: Innovation, Productivityand Profitability'. This project is generously supported by the Australian ResearchCouncil and the following collaborative partners: The Australian Tax Office,Commonwealth Office of Small Business, IBIS Business Information Pty Ltd,Productivity Commission, and Victorian Department of State Development. The viewsexpressed in this paper represent those of the authors and not necessarily the views of the collaborative partners. We are grateful to David Prentice and John Creedy forhelpful comments.en_US
dc.description.abstractThis paper investigates the determinants of profitability of Australian tax entities over the period 1993/94 to 1996/97 for each of 91 three-digit ANZSIC industries. The theoretical model is based on that of Cowling and Waterson (1976). However, it is augmented by the inclusion of lagged profitability to allow for habit persistence in entity profitability. The so-called operational Wansbeek-Bekker estimator is used to control for endogeneity of this lagged dependent variable, whilst simultaneously controlling for observed and unobserved entity heterogeneity. Aggregate results suggest that profitability in the previous year, entity capital intensity, and barriers to entry have the expected positive association with current profitability measured by the price-cost margin. Entity market share-and to a lesser extent concentration-are found to have a U shaped relationship with profitability.en_US
dc.formatapplication/pdfen_US
dc.languageengen_US
dc.relation.isversionofhttp://www.ecom.unimelb.edu.au/iaesrwww/wp/wp2000n22.pdfen_US
dc.subjectAustralian tax entitiesen_US
dc.subjectANZSIC industriesen_US
dc.subjectWansbeek-Bekker estimatoren_US
dc.titleA dynamic panel analysis of the profitability of Australian tax entitiesen_US
dc.typePreprinten_US
melbourne.peerreviewNon Peer Revieweden_US
melbourne.affiliation.departmentEconomics and Commerce: Melbourne Institute of Applied Economic and Social Researchen_US
melbourne.source.month11en_US
melbourne.elementsidNA
melbourne.contributor.authorFeeny, Simon
melbourne.contributor.authorHARRIS, MARK NORMAN
melbourne.contributor.authorLOUNDES, JOANNE ELIZABETH
melbourne.accessrightsOpen Access


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