This study was prepared by Stefan Lachenmaier while he was working with the Ifo Institute for Economic Research. It was completed in March 2007 and was accepted as a doctoral thesis by the Economics Department of the University of Munich (LMU). The subject of this study is an econometric...

This work studies the firm-level relationship between different types of innovative activities and employment growth rates. Improving on previous investigations on the topic, it combines a dynamic panel analysis of the effects of different types of product and process innovation on employment...

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...