Persistence of profit in energy industry: Dynamic evidence from Turkish companies

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dc.contributor.authorGozbasi, Onur
dc.contributor.authorAslan, Alper
dc.date.accessioned2025-02-24T16:35:57Z
dc.date.available2025-02-24T16:35:57Z
dc.date.issued2015
dc.departmentNuh Naci Yazgan
dc.description.abstractOne 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. © 2015, International Journal of Economics and Financial Issues. All rights reserved.
dc.identifier.endpage628
dc.identifier.issn2146-4138
dc.identifier.issue2
dc.identifier.scopus2-s2.0-84981703773
dc.identifier.scopusqualityN/A
dc.identifier.startpage624
dc.identifier.urihttps://hdl.handle.net/20.500.14440/659
dc.identifier.volume5
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherEconjournals
dc.relation.ispartofInternational Journal of Economics and Financial Issues
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20250201
dc.subjectCompetition
dc.subjectEnergy industry
dc.subjectPersistence of profit
dc.titlePersistence of profit in energy industry: Dynamic evidence from Turkish companies
dc.typeArticle

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