The Growth -- Profit Nexus

Marc Cowling

Small Business Economics, 2004, vol. 22, issue 1, 9 pages

Abstract: In this paper we investigate the relative importance of firm and market effects on the profitability of a sample of independent, unquoted U.K. firms over the period 1991--1993. Specifically, we attempt to isolate the effects of internal governance, given that the typical firm is closely held in terms of its shareholdings and has a high degree of owner control. Our findings suggest that there is no short-run growth -- profit trade-off of the type outlined by Marris. In fact growth and profits move in parallel. Further, there is a significant degree of profits persistence.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://journals.kluweronline.com/issn/0921-898X/contents (text/html)
Access to full text is restricted to subscribers.

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:kap:sbusec:v:22:y:2004:i:1:p:1-9

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2

Access Statistics for this article

Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch

More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().