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Contribución del tamaño y el sector en la explicación de la rentabilidad empresarial.
By: J. I. González Gómez, Mª del C. Hernández García y T. Rodriguez Ferrer
ABSTRACT
This paper is inserted inside the discussion about whether firm´s profitability differences are the consequence of business, specific factors and/or industry factors. In this sense, the objective of this study is to test empirically the importance of the dimension and of the sector in explaining the profitability managerial viarability. The analysis was carried out in a wide sample of Canary firms, mainly small and medium firms, for the period 1990-94, belonging to diverse activity sectors.
The results are consistent with other works carried out in our country, and they point to the absence of size effect on the economic profitabilit, that suggets the convenience of analyzing other specific factors of the firm that will be anle to explain better the disparities fo profitabilities interfirms. However, we have been able to verify that the industry explains a part of the variability observed in the profitability, althought wa cannot observe any relation between size and activity sector.
KEY WORDS
Profitability; Firms Effects; Industry Effects; Size.
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