Holian, Matthew J.; Reza, Ali M. - In: Economics Bulletin 30 (2010) 3, pp. 2189-2196
Drawing on Schumpeterian theory, this article presents estimates of a first-order autoregressive model of profit persistence for large US firms, using Economic Value Added (EVA), the popular measure of profits produced by Stern Stewart and Company, and simple (unadjusted) accounting measures...