This paper examines the role of geography and culture in explaining bankruptcy. We adopt survival analyses to model the bankruptcy risk of a firm, allowing for time-varying covariates. Based on a large sample from all major sectors of the Swiss economy, we find the following results: (i) The...

Theoretische Überlegungen und empirische Analysen auf Basis einer Befragung von 35 Ausbildungsbetrieben in Bayern zeigen, dass der Beschäftigtenanteil von Auszubildenden mit der Betriebsgröße und den Bruttokosten einer Ausbildung tendenziell abnimmt. Besonders intensiv bilden Betriebe im...

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 towards analyzing the impact of a tightening of Swiss antitrust legislation on exit probabilities. Based on a sample of more than...

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...