Title
Prof. Dr.
Last Name
Bühler
First name
Stefan
Email
stefan.buehler@unisg.ch
ORCID
Phone
+41 71 224 2303
Homepage
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PublicationMerge or Fail? The Determinants of Mergers and Bankruptcies in SwitzerlandThis 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.Type:Journal:Volume:Issue:
Scopus© Citations 31 -
PublicationCompetition Policy and Exit Rates : Evidence from SwitzerlandThis 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 firms from all major sectors of the Swiss economy, we find that the exit probability of non-exporting firms increased significantly, whereas the exit probability of exporting firms remained largely unaffected. Our results support the notion that there is a positive relationship between the intensity of product-market competition and the probability of exit.