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Product Diversification and Profitability in German Manufacturing Firms
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Nils Braakmann
Published/Copyright:
March 16, 2016
Summary
We use unique rich data for German manufacturing enterprises to investigate the product diversification - firm performance relationship.We find that an increase in the degree of product diversification has a negative impact on profitability when observed and unobserved firm characteristics are controlled for. The effects are statistically significant and large from an economic point of view. This helps to understand the fact that nearly 40 percent of all enterprises with at least 20 employees are single-product firms according to a detailed classification of products, and that multi-product enterprises with a large number of goods are a rare species.
Online erschienen: 2016-3-16
Erschienen im Druck: 2011-6-1
© 2011 by Lucius & Lucius, Stuttgart
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Articles in the same Issue
- Inhalt / Contents
- Guest Editorial
- Abhandlungen / Original Papers
- Product Diversification and Profitability in German Manufacturing Firms
- Is the Boone-Indicator Applicable? – Evidence from a Combined Data Set of German Manufacturing Enterprises
- Which Parameters Determine the Development of Farm Numbers in Germany?
- Energy Use Patterns in German Industry: Evidence from Plant-level Data
- Global Warming Induced Water-Cycle Changes and Industrial Production – A Scenario Analysis for the Upper Danube River Basin
- The Economic Consequences of One-third Co-determination in German Supervisory Boards
- Buchbesprechungen / Book Reviews
