The Performance of German Firms in the Business-Related Service Sector: A Dynamic Analysis

Phu Nguyen Van (), Francois Laisney and Ulrich Kaiser ()
Additional contact information
Phu Nguyen Van: BETA - Bureau d'Économie Théorique et Appliquée - INRA - Institut National de la Recherche Agronomique - UNISTRA - Université de Strasbourg - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Phu Nguyen-Van

Post-Print from HAL

Abstract: 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.

Keywords: Business survey; Generalized additive model; Markov chain; Multinomial logit model; Unobserved heterogeneity (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Published in Journal of Business and Economic Statistics, 2004, 22 (3), pp.274-295. ⟨10.1198/073500104000000145⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: The Performance of German Firms in the Business-Related Service Sector: A Dynamic Analysis (2004)
Working Paper: The Performance of German Firms in the Business-Related Service Sectors: A Dynamic Analysis (2001)
Working Paper: The performance of German firms in the business-related service sectors: a dynamic analysis (2000)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00279017

DOI: 10.1198/073500104000000145

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().