The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of...

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...

Der wirtschaftliche Erfolg von Betrieben der deutschen Investitionsgüterindustrie wird mit einer Reihe von Erfolgsfaktoren in Zusammenhang gebracht. Die Daten der ISI-Produktionsinnovationserhebung geben Auskunft zum Stellenwert der einzelnen Faktoren. Das allgemein hohe Qualitätsniveau läßt...