its growth. Growth is rather determined by a process of random influences. Within the context of the econometric analyses … Chesher (1979) is used to explore 'Gibrat's law' in order to examine the influence of firm size on growth. Moreover we test … whether the growth process of firms remains stable over time or not. This so-called 'persistence of growth'-hypothesis implies …

its growth. Growth is rather determined by a process of random influences. Within the context of the econometric analyses … Chesher (1979) is used to explore 'Gibrat's law' in order to examine the influence of firm size on growth. Moreover we test … whether the growth process of firms remains stable over time or not. This so-called 'persistence of growth'-hypothesis implies …

We focus on the relationship of age and diversification patterns of German machine tool manufacturers in the post war … eventually diversification rates even turn negative for old firms on average. Second, we find that product portfolios of larger …. Fourth, survival estimations reveal that diversification activities reduce the risk of exit controlling for various …

between different diversification strategies and farm performance (farm growth rates). The results of fixed- and random …-effect models for approx. 3,900 farms in Schleswig-Holstein for the period 1988/89-1997/98 show that diversification into related … products increases growth rates whereas the opposite applies for diversification into unrelated products. Initial farm size has …