Product Diversification and Stability of Employment and Sales: First Evidence from German Manufacturing Firms

We use a unique rich newly built data set for German manufacturing enterprises to investigate the relationship between product diversification and the stability of sales and employment. We find that contrary to portfolio theoretic considerations more diversified firms exhibit a higher variability of sales and employment. However, the effects are negligibly small from an economics point of view.

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Year of publication:	2009-02
Authors:	Braakmann, Nils ; Wagner, Joachim
Subject:	Product diversification \| stability \| variability \| Germany

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Extent:	application/pdf
Series:	Working Paper Series in Economics. - ISSN 1860-5508.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 120 26 pages
Classification:	D21 - Firm Behavior ; L60 - Industry Studies: Manufacturing. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005545354