The article investigated structure-conduct-performance (SCP) relationships in the context of the Brazilian manufacturing industry in 1996. For that purpose, it considered a system with four equations pertaining concentration, advertising, R&D and profitability that was estimated with...

This article further investigated wave behaviours for mergers and acquisitions - M&A in the UK during the 1969Q1/2004Q1 period by means of Markov-Switching models. Previous analysis had focussed on traditional models that incorporate the potentially limiting assumption of constant transition...

The paper investigates the relationship between profit margins and business cycle in the Brazilian industry during the 1992-1998 period, taking as reference a dynamic panel data model founded around a conjectural variation framework. The empirical results indicate procyclical behaviour of profit...

The paper builds on the results of Clark and Stabler who associated Gibrat's law on the independence of growth rate and city size with unit root tests. The paper proposes a direct test of the unit root hypothesis for firm size based on recently developed panel data unit root tests. The results...

This paper investigates the survival patterns of Brazilian franchising firms for the period 1994-1999. First, we considered the (percentage) survival of newly created franchisors in the following years. Survival functions were obtained by means of the Kaplan-Meier estimator for the selected...