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A Cross-Sectional Analysis of Growth and Profit Rate Distribution: The Spanish Case

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A Cross-Sectional Analysis of Growth and Profit Rate Distribution: The Spanish Case

dc.contributor.author	Vidal Tomás, David
dc.contributor.author	Ruiz Buforn, Alba
dc.contributor.author	Blanco Arroyo, Omar
dc.contributor.author	Alfarano, Simone
dc.date.accessioned	2023-03-28T08:25:32Z
dc.date.available	2023-03-29T04:45:06Z
dc.date.issued	2022	es_ES
dc.identifier.citation	Vidal-Tomás D, Ruiz-Buforn A, Blanco-Arroyo O, Alfarano S. A Cross-Sectional Analysis of Growth and Profit Rate Distribution: The Spanish Case. Mathematics. 2022; 10(6):926	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/85943
dc.description.abstract	We analyse the time evolution of the empirical cross-sectional distribution of firms’ profit and growth rates. In particular, we analyse the conditional properties of the empirical distributions depending on the size of the firms and the business cycle phase. In order to do so, we employ the Laplace distribution as a benchmark, further considering the Subbotin and Asymmetric Exponential Power (AEP hereafter) distributions, to capture the potential asymmetry and leptokurtosis of the empirical distribution. Our results show that the profit rates of large firms are characterised by an asymmetric Laplace distribution with parameters largely independent of the business cycle phase. Small firms, instead, are characterised by the AEP distribution, which accounts for the conditional dependence of distribution on the phase of the business cycle. We observe that the largest firms are more robust to downturns compared to the small firms, given their invariant distributional characteristics during crisis periods	es_ES
dc.language.iso	en	es_ES
dc.publisher	MDPI	es_ES
dc.subject	profit rates	es_ES
dc.subject	growth rates	es_ES
dc.subject	firm size	es_ES
dc.subject	business cycle	es_ES
dc.subject	Laplace distribution	es_ES
dc.subject	asymmetric exponential power distribution	es_ES
dc.title	A Cross-Sectional Analysis of Growth and Profit Rate Distribution: The Spanish Case	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.3390/math10060926	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES