From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two...

The relationship between individual firms? export behaviour and firm performance has been studied extensively in the economic literature. However, most studies from the field of economics only distinguish between exporting and non-exporting companies, using the firms? export status as a binary...

Der Markt für Architekten- und Ingenieursleistungen zeigt eine starke Segmentation. Einer kleinen Zahl umsatzstarker Bürogesellschaften steht eine Vielzahl von Einzelbüros gegenüber, die am Rande oder unterhalb der Schwelle zur Wirtschaftlichkeit arbeiten. Haftungs- und Deckungsausweitungen...