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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | The Performance of German Firms in the Business-Related Service Sector: A Dynamic Analysis |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Journal Title | Journal of Business & Economic Statistics |
| Publisher | American Statistical Association |
| Geographical Reach | international |
| Volume | 22 |
| Number | 3 |
| Page Range | pp. 274 - 295 |
| Date | 2004 |
| Abstract Text | We analyze the performance of firms from the German business-related service sector for 1994-2000. Performance is measured by ordinal assessment of changes in total sales. We estimate first-order Markov chain models using extensions of the multinomial logit model: a linear index model with alternative specifications of heterogeneity and a semiparametric model. The preferred specification involves heterogeneity connected to the firm and the type of transition. Our findings include that size has a positive effect on performance, young firms outperform older competitors, a single creditor has a stabilizing effect, diversification has a negative impact, and performance is significantly affected by legal status. Measuring performance through profit rather than sales does not alter the qualitative results. |
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