Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/28237
Authors: 
Braakmann, Nils
Wagner, Joachim
Year of Publication: 
2009
Series/Report no.: 
University of Lüneburg Working Paper Series in Economics 120
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.
Subjects: 
Product diversification
stability
variability
Germany
JEL: 
D21
L60
Document Type: 
Working Paper

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