EN
Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies
Abstract
One 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.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
June 1, 2015
Submission Date
June 1, 2015
Acceptance Date
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Published in Issue
Year 2015 Volume: 5 Number: 2
APA
Gozbasi, O., & Aslan, A. (2015). Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies. International Journal of Economics and Financial Issues, 5(2), 624-628. https://izlik.org/JA29CX78KP
AMA
1.Gozbasi O, Aslan A. Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies. IJEFI. 2015;5(2):624-628. https://izlik.org/JA29CX78KP
Chicago
Gozbasi, Onur, and Alper Aslan. 2015. “Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies”. International Journal of Economics and Financial Issues 5 (2): 624-28. https://izlik.org/JA29CX78KP.
EndNote
Gozbasi O, Aslan A (June 1, 2015) Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies. International Journal of Economics and Financial Issues 5 2 624–628.
IEEE
[1]O. Gozbasi and A. Aslan, “Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies”, IJEFI, vol. 5, no. 2, pp. 624–628, June 2015, [Online]. Available: https://izlik.org/JA29CX78KP
ISNAD
Gozbasi, Onur - Aslan, Alper. “Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies”. International Journal of Economics and Financial Issues 5/2 (June 1, 2015): 624-628. https://izlik.org/JA29CX78KP.
JAMA
1.Gozbasi O, Aslan A. Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies. IJEFI. 2015;5:624–628.
MLA
Gozbasi, Onur, and Alper Aslan. “Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies”. International Journal of Economics and Financial Issues, vol. 5, no. 2, June 2015, pp. 624-8, https://izlik.org/JA29CX78KP.
Vancouver
1.Onur Gozbasi, Alper Aslan. Persistence of Profit in Energy Industry: Dynamic Evidence from Turkish Companies. IJEFI [Internet]. 2015 Jun. 1;5(2):624-8. Available from: https://izlik.org/JA29CX78KP