INTERNATIONAL VARIATION IN RETURN ON EQUITY IN THE FOOD AND BEVERAGE INDUSTRIES

Abstract

The objective is to analyze the effects of country- and firm-specific factors on the return on equity in the beverage and tobacco and food and consumer-products industries for 11industrialized nations. The results indicate that country- and firm-specific factors are important in explaining variation in return on equity within countries but not generally across countries or time.beverage and tobacco industry, country- and firm-specific factors, food and consumer-products industry, globalization, unbalanced panel data, variation in return on equity, Agribusiness,