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Merge or Fail? The Determinants of Mergers and Bankruptcies in Switzerland, 1995-2000


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.

Abstract

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.

Abstract

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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
Dewey Decimal Classification:330 Economics
JEL Classification:C41, L10, L20
Language:English
Date:March 2005
Deposited On:29 Nov 2011 22:32
Last Modified:20 Sep 2018 03:26
Series Name:Working paper series / Socioeconomic Institute
OA Status:Green
Official URL:http://www.econ.uzh.ch/wp.html

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