A model to evaluate transient industry effects |
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| Authors: | Miguel A Ariño Africa Ariño Roberto Garcia‐Castro |
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| Institution: | IESE Business School, University of Navarra, Barcelona, Spain |
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| Abstract: | In this paper we present a model to evaluate transient industry effects, that is, the impact of business cycles on the industry. While the importance of the economic cycle for industry and firm performance is widely recognized, we do not know much about how much the business cycle influences industry activity. The aim of this paper is to present a method that helps to understand the relationship between the business cycle and an industry's level of activity. Copyright © 2008 John Wiley & Sons, Ltd. |
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