Does it pay to be active on many foreign markets? profitability in german multi-market exporters and importers from manufacturing industries
Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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Does it pay to be active on many foreign markets? profitability in german multi-market exporters and importers from manufacturing industries. / Wagner, Joachim.
Microeconometric Studies Of Firms Imports And Exports: Advanced Methods Of Analysis And Evidence From German Enterprises. Hrsg. / Joachim Wagner. World Scientific Publishing Co., 2021. S. 413-427.Publikation: Beiträge in Sammelwerken › Kapitel › begutachtet
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TY - CHAP
T1 - Does it pay to be active on many foreign markets? profitability in german multi-market exporters and importers from manufacturing industries
AU - Wagner, Joachim
N1 - Originally published in Review of Economics 70 (2019), 1–13. Reprinted with permission of Oldenbourg Wissenschaftsverlag GmbH.
PY - 2021/3/16
Y1 - 2021/3/16
N2 - This paper provides the first empirical evidence on the link between the number of foreign markets (where a market is defined as the combination of one traded good and one country traded with) a firm is active on and its profitability. We find that in German manufacturing industries the profitability of a firm is neither positively nor negatively related to the number of foreign markets. The extra costs associated with being active on more foreign markets tend to be balanced by the extra benefits. Therefore, we have evidence that it does not pay to be active on many foreign markets.
AB - This paper provides the first empirical evidence on the link between the number of foreign markets (where a market is defined as the combination of one traded good and one country traded with) a firm is active on and its profitability. We find that in German manufacturing industries the profitability of a firm is neither positively nor negatively related to the number of foreign markets. The extra costs associated with being active on more foreign markets tend to be balanced by the extra benefits. Therefore, we have evidence that it does not pay to be active on many foreign markets.
KW - Exports
KW - Germany
KW - Imports
KW - Number of foreign markets
KW - Profitability
KW - Economics
UR - http://www.scopus.com/inward/record.url?scp=85109704286&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/2a5eae4d-7939-3f07-8278-68ba76fe2604/
U2 - 10.1142/9781786349699_0023
DO - 10.1142/9781786349699_0023
M3 - Chapter
AN - SCOPUS:85109704286
SN - 9781786349682
SP - 413
EP - 427
BT - Microeconometric Studies Of Firms Imports And Exports
A2 - Wagner, Joachim
PB - World Scientific Publishing Co.
ER -