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
Authors:	Braakmann, Nils ; Wagner, Joachim
Publisher:	Lüneburg : Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
Subject:	Product diversification \| stability \| variability \| Germany

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Series:	Working Paper Series in Economics ; 120
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	591904942 [GVK] hdl:10419/28237 [Handle]
Classification:	D21 - Firm Behavior ; L60 - Industry Studies: Manufacturing. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010265211