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dc.contributor.authorvan Phu, Nguyenen
dc.contributor.authorKaiser, Ulrichen
dc.contributor.authorLaisney, Françoisen
dc.date.accessioned2009-02-16T14:54:53Z-
dc.date.available2009-02-16T14:54:53Z-
dc.date.issued2000-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x00-32en
dc.subject.jelC14en
dc.subject.jelC23en
dc.subject.jelL89en
dc.subject.ddc330en
dc.subject.keywordMarkov chainen
dc.subject.keywordservice sectoren
dc.subject.keywordbusiness surveyen
dc.subject.keywordfirm performanceen
dc.subject.keywordmultinomial logit modelen
dc.subject.keywordgeneralized additive modelen
dc.subject.stwUnternehmensdienstleistungen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwUnternehmenswachstumen
dc.subject.stwErfolgsfaktoren
dc.subject.stwBranchenentwicklungen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleThe performance of German firms in the business-related service sectors : a dynamic analysis-
dc.typeWorking Paperen
dc.identifier.ppn85537716Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5315en

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