The link between product diversification and performance among Spanish manufacturing firms: Analyzing the role of firm size

• DOI: 10.1002/cjas.1303
• Publication Date: 2015-02-13T13:10:32Z
• Authors: Diana Benito‐Osorio; Alberto Colino; José Ángel Zúñiga...
• Keywords: Unobservable; Endogeneity; Sample (material)

Abstract This study sheds additional light on the product diversification‐performance relationship for firms in a country having recently attained an advanced economy status our period of analysis. We assume there will be inverted U‐shaped and use sample small, medium, large Spanish manufacturing between 1994 2008. Our findings provide solid support this assumption, are identical when consists alone. results also suggest that larger firm, higher optimal level diversification. Panel data models used to control unobservable heterogeneity potential endogeneity problems. Copyright © 2015 ASAC. Published by John Wiley & Sons, Ltd.