The Performance of German Firms in the Business-Related Service Sectors: a Dynamic Analysis


Phu, Nguyen van ; Kaiser, Ulrich ; Laisney, François


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URL: http://ub-madoc.bib.uni-mannheim.de/552
URN: urn:nbn:de:bsz:180-madoc-5529
Document Type: Working paper
Year of publication: 2000
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: C14 L89 C23 ,
Subject headings (SWD): Deutschland , Dienstleistungssektor , Markov-Modell
Abstract: We 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 ank-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.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Phu, Nguyen van ; Kaiser, Ulrich ; Laisney, François (2000) The Performance of German Firms in the Business-Related Service Sectors: a Dynamic Analysis. Open Access [Working paper]
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