Product diversification and stability of employment and sales: first evidence from German manufacturing firms

Nils Braakmann; Joachim Wagner

Product diversification and stability of employment and sales: first evidence from German manufacturing firms

Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere

Abstract

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. -- Product diversification ; stability ; variability ; Germany

Originalsprache	Englisch
Erscheinungsort	Lüneburg
Verlag	Institut für Volkswirtschaftslehre der Universität Lüneburg
Seitenumfang	21
Publikationsstatus	Erschienen - 2009

Bibliographische Notiz

Literaturverz. S. 12 - 13 : Version: February 16, 2009

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Volkswirtschaftslehre

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Product diversification and stability of employment and sales: first evidence from German manufacturing firms

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