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

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.

MoreLess

Year of publication:	2005-03
Authors:	Buehler, Stefan ; Kaiser, Christian ; Jaeger, Franz
Institutions:	Institut für Volkswirtschaftslehre, Wirtschaftswissenschaftliche Fakutät
Subject:	merger \| bankruptcy \| failure \| survival \| exit

More details

Extent:	application/pdf
Series:	SOI - Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Letters 90(1), 2005, pages 88-95 Number 0506 18 pages
Classification:	C41 - Duration Analysis ; L10 - Market Structure, Firm Strategy, and Market Performance. General ; L20 - Firm Objectives, Organization, and Behavior. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005700830