Start-ups mostly have only limited internal financing. Post-entry performance should thus strongly depend on the availability of new external capital. In this study we analyze the impact of financial constraints on the performance of Swiss start-ups. Since we use cohort data, we have for some...

While previous studies on mergers and acquisitions (M&As) mostly relied on large firms, our study is based on a sample that includes all Swiss M&As that took place in the period 2006-2008, mostly of which have been SMEs. We investigate the firm characteristics that determine the innovation and...

In this paper, the parent firms' choice of FDI locations is analyzed based on a unique firm-level dataset for Swiss MNEs. The data allows a detailed characterization of parent companies, their foreign subsidiaries and the two-way trade flows between parent companies and foreign affiliates. In...

This paper investigates the post-merger performance effects of mergers and acquisitions (M&As). Our study is based on a representative sample that includes all Swiss M&As that took place in the period 2006-2008. In contrast to previous studies in this field most of our M&As took place between...