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dc.contributor.authorvan Phu, Nguyenen_US
dc.contributor.authorKaiser, Ulrichen_US
dc.contributor.authorLaisney, Françoisen_US
dc.date.accessioned2009-02-16T14:54:53Z-
dc.date.available2009-02-16T14:54:53Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/24378-
dc.description.abstractWe analyze the performance of firms in the German business-related services sector. A quarterly business survey provides the panel data base of our study. Firm performance is measured by the survey respondents? ordinal indication of their changes in total sales. We use a firstorder Markov chain and a multinomial logit specification to model the transition probabilitites. Three variants of the model are estimated: a linear index model with and without unobserved firm heterogeneity and a semiparametric model. Main results are that firm size has a positive effect on firm performance, that young firms outperform older competitors, that a bank-relationship with a single creditor has a stabilizing effect and that the degree of diversification has a negative impact on firm performance. The legal status appears to have no significant effect.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 00-32en_US
dc.subject.jelC14en_US
dc.subject.jelC23en_US
dc.subject.jelL89en_US
dc.subject.ddc330en_US
dc.subject.keywordMarkov chainen_US
dc.subject.keywordservice sectoren_US
dc.subject.keywordbusiness surveyen_US
dc.subject.keywordfirm performanceen_US
dc.subject.keywordmultinomial logit modelen_US
dc.subject.keywordgeneralized additive modelen_US
dc.subject.stwUnternehmensdienstleistungen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwErfolgsfaktoren_US
dc.subject.stwBranchenentwicklungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe performance of German firms in the business-related service sectors : a dynamic analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn321216806en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5315-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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