Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52203
Buehler, Stefan; Kaiser, Christian; Jaeger, Franz (2005). Merge or Fail? The Determinants of Mergers and Bankruptcies in Switzerland, 1995-2000. Working paper series / Socioeconomic Institute No. 506, University of Zurich.
This paper examines the determinants of mergers and bankruptcies, using firm level data from the Swiss Business Census and the Dun & Bradstreet exit database for Switzerland (1995-2000). Employing duration analysis, we find considerable differences in the determinants of mergers and bankruptcies, in particular with respect to firm size, location and the impact of macroeconomic conditions. Our results support the notion that mergers are often undertaken to seize growth opportunities.
|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics|
Working Paper Series > Socioeconomic Institute (former)
|JEL Classification:||C41, L10, L20|
|Deposited On:||29 Nov 2011 22:32|
|Last Modified:||09 Jul 2012 05:03|
|Series Name:||Working paper series / Socioeconomic Institute|
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