Neither Parasite nor Paragon: Are Business Groups a Source of Competitive Power?

Ömer Doruk

Prague Economic Papers, 2022, vol. 2022, issue 2, 143-168

Abstract: While profit persistence has been widely examined in the current literature, there have been no extensive studies on the link between business group membership and profit persistence on an emerging market. Using panel data econometric methods, this article examines the link between profit persistence and membership in a large industrialists' group, also known as the TUSIAD (Turkish Industrialists' and Businessmen's Foundation), in the Turkish manufacturing sector in the period 1990-2017. The findings show that the re- lative magnitude of profit persistence of firms with TUSIAD membership is higher than those without TUSIAD membership in the Turkish manufacturing sector.

Keywords: Profit persistence; business group membership; Turkish manufacturing sector (search for similar items in EconPapers)
JEL-codes: L16 L19 L69 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.18267/j.pep.800

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