Análisis de varianza de los beneficios empresariales en Colombia. Sector manunfacturero 1995-2000

Cuadernos de Investigación (2003) ,Volume 7 ,Pages 1 - 37

Abstract

By exploring the issue of profits, from the perspective of the Industrial Organization Theory, the authors make a study with a sample of manufacturing companies in Colombia, during the period 1995-2000. The profits are a key variable in the economic analysis, not only as an evidence of the business productivity, but also as a base of the accumulation process. In this working paper, a state of the art on the studies on profits is presented, making references to the works of Schmalensee (1985), Rumelt (1991), and Roquebert et al. (1996), and describing the different approaches by the classical proposals and the management theories, as well as some empirical exercises in other countries. In the methodological context, the differences between the profits measures and the Component of Variance procedure (Varcomp) are explained in order to quantify the firm (corporation) effect, the industry (sector) effect, year effect and error term effect.

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