Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76244
Authors: 
Buehler, Stefan
Kaiser, Christian
Jaeger, Franz
Year of Publication: 
2005
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0506
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.
Subjects: 
merger
bankruptcy
failure
survival
exit
JEL: 
C41
L10
L20
Document Type: 
Working Paper

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