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This paper provides evidence on the relation between the intensity of product-market competition and the probability of exit. We adopt a natural experiment approach to analyze the impact of a tightening of Swiss antitrust legislation on exit probabilities. Based on a sample of more than 68,000...
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This paper examines the determinants of mergers and bankruptcies using firm level data from Switzerland. We find considerable differences in the determinants of mergers and bankruptcies. Our results support the notion that mergers are often undertaken to seize growth opportunities
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