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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Merge or Fail? The Determinants of Mergers and Bankruptcies in Switzerland, 1995-2000
Organization Unit
Authors
  • Stefan Buehler
  • Christian Kaiser
  • Franz Jaeger
Language
  • English
Institution University of Zurich
Series Name Working paper series / Socioeconomic Institute
Number No. 506
Date 2005
Abstract Text 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.
Official URL http://www.econ.uzh.ch/wp.html
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