The relevance of services FDI strongly increased over the last two decades. As services and goods differ with respect to important characteristics, one may expect that the determinants of internationalisation are not identical in services and manufacturing. Surprisingly, there is practically no...

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...

In this study we investigate the impact of early stage venture capital on innovation activities of Swiss start-ups. This is done based on a cohort of start-ups that is representative of all firms founded in Switzerland in 1996/97 as recorded by a census of the Swiss Federal Statistical Office...

Human resource management (HRM) practices are generally expected to stimulate a firm's innovation performance. However, which of these practices do really pay off? Based on a unique dataset that includes detailed information for both a firm's innovation activities and different types of HRM...

This paper is the first to study the factors determining labor's share of income on the level of the individual firm, employing an unusually informative panel data set. The empirical examination is concerned with Switzerland which stands out as one of the very few developed countries with a...