The link between product diversification and performance among Spanish manufacturing firms: analyzing the role of firm size
Fecha
14/02/2015Estado
info:eu-repo/semantics/publishedVersionMetadatos
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This study sheds additional light on the product diversification-performance relationship for firms in a country having recently attained an advanced economy status in our period of analysis. We assume there will be an inverted U-shaped relationship and use a sample of small, medium, and large Spanish manufacturing firms between 1994 and 2008. Our findings provide solid support for this assumption, and are identical when the sample consists of small, medium, and large firms and of large firms alone. Our results also suggest that the larger the firm, the higher the optimal level of diversification. Panel data models are used to control for unobservable heterogeneity and potential endogeneity problems. This study sheds additional light on the product diversification-performance relationship for firms in a country having recently attained an advanced economy status in our period of analysis. We assume there will be an inverted U-shaped relationship and use a sample of small, medium, and large Spanish manufacturing firms between 1994 and 2008. Our findings provide solid support for this assumption, and are identical when the sample consists of small, medium, and large firms and of large firms alone. Our results also suggest that the larger the firm, the higher the optimal level of diversification. Panel data models are used to control for unobservable heterogeneity and potential endogeneity problems.
The link between product diversification and performance among Spanish manufacturing firms: analyzing the role of firm size
Tipo de Actividad
Artículos en revistasISSN
0825-0383Palabras Clave
product diversification, firm performance,inverted U-shaped relationship, Spanish manufacturingfirms, panel dataproduct diversification, firm performance,inverted U-shaped relationship, Spanish manufacturingfirms, panel data