Product diversification and stability of employment and sales: First evidence from German manufacturing firms
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In: Applied Economics, Vol. 43, No. 27, 11.2011, p. 3977-3985.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - Product diversification and stability of employment and sales
T2 - First evidence from German manufacturing firms
AU - Braakmann, Nils
AU - Wagner, Joachim
PY - 2011/11
Y1 - 2011/11
N2 - In this study, 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.
AB - In this study, 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.
KW - Economics
UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-79961097223&origin=inward&txGid=0
U2 - 10.1080/00036841003742629
DO - 10.1080/00036841003742629
M3 - Journal articles
VL - 43
SP - 3977
EP - 3985
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 27
ER -