Sustainable Business in Norway: The Firm or the Industry Effect?

Sustainability

MuhammadAzeem Qureshi¹  Marius Urdal¹  FredH. Strønen¹  Marius Tyseng¹ 

[1] Oslo Business School, Oslo Metropolitan University, 0130 Oslo, Norway;

关键词: firm profitability;    industry profitability;    analysis of variance;    industrial organization;    industry analysis;   

DOI  :  10.3390/su12083271

来源: DOAJ

【 摘 要 】

Explaining sources of profitability has been a major research stream in corporate finance and strategic management literature for decades. However, we have limited understanding of the sources of variations in firm profitability, especially in Norway, where the linkage of the sustainability of business entities and the economic sustainability of Norway is quite pronounced due to the extended role of the state actively engaged in business activities. Using a unique and all-inclusive dataset of all businesses in all sectors having various ownership forms over 2008–2016 of this advanced service economy, this study opens the black box of variations in profitability of Norwegian businesses. Overall, firm characteristics explain most of the variation in profitability, but we identify one industry where the industry effect dominates. Among several variables, long-term finance and short-term finance explain most of the variations in profitability.

【 授权许可】

Unknown