Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies

Onur Gozbasi and Alper Aslan

International Journal of Economics and Financial Issues, 2015, vol. 5, issue 2, 624-628

Abstract: One of the main lacks of the profit persistence literature is the fact that it focuses on only manufacturing, banking and food industries. This study, for the first time, extends the literature by considering the intensity of competition in 13 energy companies from 1997 to 2011 in Turkey as an emerging market. The results show that the degree of persistence is higher in the energy industry mainly due to a low degree of market saturation, weak price competition and a lowly concentrated retailing industry, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets due to more intense competition in Turkey.

Keywords: Persistence of Profit; Energy Industry; Competition (search for similar items in EconPapers)
JEL-codes: C22 G30 L10 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/1205/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/1205/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2015-02-35

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().