Show simple item record

2001-11-07Buch DOI: 10.18452/3663
The relative importance of group-level effects on the performance of German companies
dc.contributor.authorBrenner, Steffen
dc.contributor.authorBunke, Olaf
dc.contributor.authorDroge, Bernd
dc.contributor.authorSchwalbach, Joachim
dc.date.accessioned2017-06-15T21:43:27Z
dc.date.available2017-06-15T21:43:27Z
dc.date.created2005-10-24
dc.date.issued2001-11-07
dc.identifier.issn1436-1086
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4315
dc.description.abstractWe examine the impact of performance groups on the estimation of the relative importance of firm, industry and other effects on corporate performance. Performance groups comprise firms from the same industry with a similar performance over a longer period of time. We present a statistical method which improves the procedure of variance decomposition by allowing firm effects and the interacting effects of firms and time to be unified into the group effects. Applied to a German data set of 219 companies observed over a period of eleven years (1987-1997) it appears that the majority of the firms can be ascribed to performance groups. The variance proportion of the group effects is about one half of the non-grouped firm effects. They explain about 17.9 percent of the total variance of the returns.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subject.ddc330 Wirtschaft
dc.titleThe relative importance of group-level effects on the performance of German companies
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-10051126
dc.identifier.doihttp://dx.doi.org/10.18452/3663
local.edoc.container-titleSonderforschungsbereich 373: Quantification and Simulation of Economic Processes
local.edoc.pages24
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2001
local.edoc.container-issue95
local.edoc.container-year2001
local.edoc.container-erstkatid2135319-0

Show simple item record