A multigroup structural equation approach: a demonstration by testing variation of firm profitability across EU samples

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• dc.contributor.author Bou, Juan Carlos
• dc.contributor.author Satorra, Albert
• dc.date.accessioned 2021-01-04T09:00:36Z
• dc.date.available 2021-01-04T09:00:36Z
• dc.date.issued 2010
• dc.description.abstract We extend standard methodology for multigroup mean and covariance structure (MACS) analysis to the case where assessment of across-group variation of model parameters is the focus of the study and the data deviate from standard assumptions. The proposed methods are applied to analyze an accounting profitability database covering more than 100,000 firms in the 15 European Union (EU) countries in the period 1999 to 2003. A multivariate model with permanent and dynamic latent components of profitability is used to assess across-country variation of firm level profitability and persistence. We show that there are substantial differences among these countries, despite the partial integration of their economies. Estimation of supplementary parameters are proposed as a way to characterize persistence in each country, as well as across-group variation of model parameters. This methodology is more widely applicable in international organizational research.en
• dc.description.sponsorship The authors disclosed receipt of the following financial support for the research and/or authorship of this article: Partially supported by grants SEJ2006–13537 and PR2007–0221 from the Spanish Ministry of Science and Technology and by grants GV05/125 and BEST/2008/038 from the Generalitat Valenciana (Spain).
• dc.format.mimetype application/pdf
• dc.identifier.citation Bou JC, Satorra A. A multigroup structural equation approach: a demonstration by testing variation of firm profitability across EU samples. Organizational Research Methods. 2010 Jan 26;13(4):738-66. DOI: 10.1177/1094428109340433
• dc.identifier.doi http://dx.doi.org/10.1177/1094428109340433
• dc.identifier.issn 1094-4281
• dc.identifier.uri http://hdl.handle.net/10230/46119
• dc.language.iso eng
• dc.publisher SAGE Publications
• dc.relation.ispartof Organizational Research Methods. 2010 Jan 26;13(4):738-66
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PN/SEJ2006-13537
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PN/PR2007-0221
• dc.rights Bou JC, Satorra A. A multigroup structural equation approach: a demonstration by testing variation of firm profitability across EU samples. Organizational Research Methods. 2010 Jan 26;13(4):738-66. Copyright © 2010 SAGE Publications. DOI: 10.1177/1094428109340433
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.subject.keyword Returns on assetsen
• dc.subject.keyword Persistence of profitsen
• dc.subject.keyword Structural equation modelingen
• dc.subject.keyword ML estimationen
• dc.subject.keyword Goodness-of-fit testingen
• dc.subject.keyword Multigroup analysisen
• dc.title A multigroup structural equation approach: a demonstration by testing variation of firm profitability across EU samplesen
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/acceptedVersion