Profitability in Australian Enterprises

Melbourne Institute Working Paper No. 21/98

Date: July 1998


Simon Feeny
Mark Rogers


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.

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