This paper analyses profitability in a sample of large Australian companies over the period 1985 to 1996. Various measures of profitability are used and the paper provides a discussion of the theoretical basis for these measures. The key issues investigated are a comparison of the profitability measures, the distribution of profitability between firms, and the persistence of firm profitability. The results are compared to previous studies on firm profitability.
|Name||Melbourne Institute working paper|
- rate of return
- firm performance