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Product Diversification and Stability of Employment and Sales: First Evidence from German Manufacturing Firms

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Author Info
Nils Braakmann () (Institute of Economics, University of Lüneburg)
Joachim Wagner () (Institute of Economics, University of Lüneburg)

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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.

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Publisher Info
Paper provided by University of Lüneburg, Institute of Economics in its series Working Paper Series in Economics with number 120.

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Length: 26 pages
Date of creation: Feb 2009
Date of revision:
Handle: RePEc:lue:wpaper:120

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Related research
Keywords: Product diversification; stability; variability; Germany;

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Find related papers by JEL classification:
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Hirsch, Seev & Lev, Baruch, 1971. "Sales Stabilization Through Export Diversification," The Review of Economics and Statistics, MIT Press, vol. 53(3), pages 270-77, August. [Downloadable!] (restricted)
  2. Martin Gornig & Bernd Görzig, 2007. "Verstärkte Spezialisierung deutscher Unternehmen," Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 74(20), pages 333-335. [Downloadable!]
  3. Bernd Görzig & Martin Gornig & Ramona Pohl, 2007. "Spezialisierung und Unternehmenserfolg im verarbeitenden Gewerbe Deutschlands," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 76(3), pages 43-58. [Downloadable!] (restricted)
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This page was last updated on 2009-11-26.

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