We show using detailed firm-level Chinese data that, among small exporters, firms selling to a more diversified set of countries have more volatile exports, while the opposite holds among large exporters. This result, which stands in marked contrast to standard portfolio theory for small...

In this study we explore a newly available unique dataset that links China's international trade transactions to a comprehensive firm-level data in China's manufacturing sector, and establish a number of interesting stylized facts linking firms' key economic performance to their...

We show using detailed firm-level Chinese data that, among small exporters, firms selling to a more diversified set of countries have more volatile exports, while the opposite holds among large exporters. This result, which stands in marked contrast to standard portfolio theory for small...