Klaus Peter Gugler

Vienna University of Economics and Business

Professor

Welthandelsplatz 1

Vienna, Wien 1020

Austria

http://www.wu.ac.at/iqv/mitarbeiter/gugler

European Corporate Governance Institute (ECGI)

Research Associate

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.ecgi.org

  • Vienna University of Economics and Business

SCHOLARLY PAPERS

34

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18,913

SSRN CITATIONS
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Top 3,126

in Total Papers Citations

191

CROSSREF CITATIONS

163

Scholarly Papers (34)

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1.

Corporate Governance and the Returns on Investment

Downloads 7,147 ( 846)

Corporate Governance and the Returns on Investment

EFA 2002 Berlin Meetings Presented Paper; and ECGI - Finance Working Paper No. 06/2003
Number of pages: 59 Posted: 23 Apr 2003
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 7,147 (834)
Citation 19

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corporate governance, external capital markets, ownership structure, returns on investment

Corporate Governance and the Returns on Investment

Journal of Law and Economics, Forthcoming
Posted: 15 Sep 2004
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management

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2.

The Determinants of Merger Waves

Downloads 3,458 ( 3,007)
Citation 10

The Determinants of Merger Waves

WZB - Markets and Politics Working Paper No. SP II 2006-01
Number of pages: 60 Posted: 27 Feb 2004
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 2,970 (3,829)
Citation 12

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Mergers, merger waves, tender offers

The Determinants of Merger Waves

WZB-Markets and Politics Working Paper No. SP II 2006-01
Number of pages: 60 Posted: 21 Nov 2009
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 488 (59,036)
Citation 10

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Mergers waves, managerial discretion, overvaluation

3.

Is the Event Study Methodology Useful for Merger Analysis? A Comparison of Stock Market and Accounting Data

WZB Markets and Politics Working Paper No. SP II 2006-19
Number of pages: 16 Posted: 11 Oct 2006 Last Revised: 10 Apr 2008
Tomaso Duso, Klaus Peter Gugler and B. Burcin Yurtoglu
German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and WHU - Otto Beisheim School of Management
Downloads 1,932 (8,077)
Citation 12

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Mergers, Merger Control, Event Studies, Ex-post Evaluation

4.

Corporate Governance and Dividend Pay-Out Policy in Germany

EFA 2001 Barcelona Meetings
Number of pages: 32 Posted: 05 Jul 2001
Klaus Peter Gugler and B. Burcin Yurtoglu
Vienna University of Economics and Business and WHU - Otto Beisheim School of Management
Downloads 1,832 (8,836)
Citation 9

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Corporate Governance, Dividend Announcements, Rent Extraction, Germany

5.

How Effective is European Merger Control?

WZB, Markets and Politics Working Paper No. SP II 2006-12
Number of pages: 41 Posted: 02 Aug 2006 Last Revised: 16 May 2008
Tomaso Duso, Klaus Peter Gugler and B. Burcin Yurtoglu
German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and WHU - Otto Beisheim School of Management
Downloads 545 (51,813)
Citation 14

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Mergers, Merger Control, Remedies, European Commission, Event Studies, Ex-post Evaluation

6.

Separating the Wealth and Entrenchment Effects of Insider Ownership on Investment Performance

Number of pages: 44 Posted: 07 Mar 2004
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 435 (68,618)
Citation 4

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Insider ownership, Tobin's q, marginal q, performance, international comparison

7.

Corporate Governance and the Determinants of Investment

Number of pages: 41 Posted: 10 Oct 2007
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 406 (74,631)
Citation 3

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Investment, corporate governance, ownership structure, international comparison

8.

The Effects of Mergers on Company Employment in the USA and Europe

International Journal of Industrial Organization, Forthcoming
Number of pages: 35 Posted: 01 Mar 2004
Klaus Peter Gugler and B. Burcin Yurtoglu
Vienna University of Economics and Business and WHU - Otto Beisheim School of Management
Downloads 397 (76,579)
Citation 28

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Mergers and acquisitions, labour demand, restructuring, international comparison

9.

EU Merger Remedies: A Preliminary Empirical Assessment

THE POLITICAL ECONOMY OF ANTITRUST, CONTRIBUTIONS TO ECONOMIC ANALYSIS, J. Stennek and V. Ghosal, eds., North Holland, 2006
Number of pages: 58 Posted: 08 Feb 2006
Tomaso Duso, Klaus Peter Gugler and B. Burcin Yurtoglu
German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and WHU - Otto Beisheim School of Management
Downloads 373 (82,316)
Citation 1

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Merger Control, Remedies, European Commission, Event Studies

10.

Ownership Changes and Investment in Transition Countries

ECGI - Finance Working Paper No. 169/2007
Number of pages: 38 Posted: 08 Feb 2007
Klaus Peter Gugler and Evgeni Peev
Vienna University of Economics and Business and University of Vienna - Department of Economics
Downloads 304 (103,522)
Citation 1

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Investment, cash flow, ownership change, corporate governance, transition

11.

Dividend Policy in Regulated Firms

Number of pages: 46 Posted: 13 Jun 2013
Francisca Bremberger, Carlo Cambini, Klaus Peter Gugler and Laura Rondi
Vienna University of Economics and Business, Politecnico di Torino & EUI - Florence School of Regulation, Vienna University of Economics and Business and Politecnico di Torino
Downloads 295 (107,029)
Citation 1

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Dividends, Lintner model, incentive regulation, electricity

12.

The Determinants of Merger Waves: An International Perspective

ZEW - Centre for European Economic Research Discussion Paper No. 08-076
Number of pages: 34 Posted: 29 Sep 2008
Dennis C. Mueller and Klaus Peter Gugler
University of Vienna - Center for Business Studies - Department of Economics and Vienna University of Economics and Business
Downloads 236 (134,950)
Citation 1

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Merger waves, listed versus non-listed firms, managerial discretion, overvaluation

13.

Market Concentration and Product Variety Under Spatial Competition: Evidence from Retail Gasoline

CESifo Working Paper Series No. 1289
Number of pages: 20 Posted: 22 Oct 2004
Klaus Peter Gugler and Georg Götz
Vienna University of Economics and Business and University of Giessen - Department of Economics
Downloads 198 (159,505)

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spatial product differentiation, retail gasoline, mergers, concentration

14.

An Empirical Assessment of the 2004 EU Merger Policy Reform

Downloads 191 (164,825)
Citation 11

An Empirical Assessment of the 2004 EU Merger Policy Reform

WZB Discussion Paper SP II 2010-16
Number of pages: 36 Posted: 08 Dec 2010 Last Revised: 31 Jul 2013
Tomaso Duso, Klaus Peter Gugler and Florian Szücs
German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 191 (164,735)
Citation 14

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merger control, regulatory reform, EU Commission, event-study

An Empirical Assessment of the 2004 EU Merger Policy Reform

The Economic Journal, Vol. 123, Issue 572, pp. F596-F619, 2013
Number of pages: 24 Posted: 27 Nov 2013
Tomaso Duso, Klaus Peter Gugler and Florian Szücs
German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and Vienna University of Economics and Business
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15.

Corporate Governance and Globalization

Oxford Review of Economic Policy 2004: 20 (1), 129-156, Reprinted in Corporate Governance and Globalization, Vol. 3 by T. Clarke and M. De La Rama (Eds.), SAGE Publications, 2006
Number of pages: 58 Posted: 06 May 2012
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 177 (176,516)

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Corporate governance, globalization, performnace, ownership structure, international comparison

16.

Go for Gigabit? First Evidence on Economic Benefits of (Ultra-)Fast Broadband Technologies in Europe

Downloads 154 (198,942)

Go for Gigabit? First Evidence on Economic Benefits of (Ultra-)Fast Broadband Technologies in Europe

Number of pages: 34 Posted: 25 Jul 2017
Wolfgang Briglauer and Klaus Peter Gugler
WU Vienna and Vienna University of Economics and Business
Downloads 123 (238,798)

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(Ultra-)fast broadband, broadband policy targets, cost-benefit analysis, EU27 panel data

Go for Gigabit? First Evidence on Economic Benefits of (Ultra-)Fast Broadband Technologies in Europe

ZEW - Centre for European Economic Research Discussion Paper No. 18-020
Number of pages: 37 Posted: 20 Apr 2018
Wolfgang Briglauer and Klaus Peter Gugler
WU Vienna and Vienna University of Economics and Business
Downloads 31 (493,058)

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new broadband networks; broadband speed; economic growth; EU-panel data

17.

The Effects of Mergers: An International Comparison

International Journal of Industrial Organization, Vol. 21, No. 5, 2003
Number of pages: 43 Posted: 16 May 2012 Last Revised: 13 Jun 2015
Klaus Peter Gugler, Dennis C. Mueller, B. Burcin Yurtoglu and Christine Zulehner
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics, WHU - Otto Beisheim School of Management and University of Vienna - Faculty of Business, Economics, and Statistics
Downloads 141 (213,872)
Citation 118

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Mergers, Acquisitions, International comparison, Market power, Efficiency

18.

Merger Externalities in Oligopolistic Markets

DIW Berlin Discussion Paper No. 1321
Number of pages: 40 Posted: 11 Jul 2013 Last Revised: 27 Aug 2014
Klaus Peter Gugler and Florian Szücs
Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 123 (237,851)
Citation 2

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oligopolistic competition, rivals, mergers, externalities

19.

Effects of Government Spending on Employment: Evidence from Winners and Runners-Up in Procurement Auctions

Downloads 104 (268,238)

Effects of Government Spending on Employment: Evidence from Winners and Runners-Up in Procurement Auctions

SAFE Working Paper No. 213
Number of pages: 46 Posted: 30 May 2018
Michael Weichselbaumer, Klaus Peter Gugler and Christine Zulehner
Vienna University of Economics and Business, Vienna University of Economics and Business and University of Vienna - Faculty of Business, Economics, and Statistics
Downloads 104 (269,876)

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labor demand, labor hoarding, construction procurement, first-price auctions, recent economic crisis, regression discontinuity design

Effects of Government Spending on Employment: Evidence from Winners and Runners-Up in Procurement Auctions

CEPR Discussion Paper No. DP12548
Number of pages: 43 Posted: 02 Jan 2018
Klaus Peter Gugler, Michael Weichselbaumer and Christine Zulehner
Vienna University of Economics and Business, Vienna University of Economics and Business and University of Vienna - Faculty of Business, Economics, and Statistics
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construction procurement, first-price auctions, labor demand, labor hoarding, recent economic crisis

20.

Static or Dynamic Efficiency: Horizontal Merger Effects in the Wireless Telecommunications Industry

ESMT Working Paper No. 17-04
Number of pages: 40 Posted: 02 Feb 2018
Michal Grajek, Klaus Peter Gugler, Tobias Kretschmer and Ion Miscisin
ESMT European School of Management and Technology, Vienna University of Economics and Business, Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and University of Vienna
Downloads 89 (296,911)
Citation 1

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telecom mergers, static and dynamic efficiency, difference-in-difference

21.

Market Power Versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry

Downloads 71 (339,377)
Citation 22

Market Power Versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry

NBER Working Paper No. w10323
Number of pages: 36 Posted: 10 Mar 2004 Last Revised: 17 Sep 2010
Ralph Siebert and Klaus Peter Gugler
Purdue University and Vienna University of Economics and Business
Downloads 58 (382,180)
Citation 1

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Market Power Versus Efficiency Effects of Mergers and Research Joint Ventures: Evidence from the Semiconductor Industry

Review of Economics and Statistics, Vol. 89, 2007
Number of pages: 46 Posted: 27 Jul 2017
Klaus Peter Gugler and Ralph Siebert
Vienna University of Economics and Business and Purdue University
Downloads 13 (609,046)

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Efficiency, Market Power, Mergers, Research Joint Ventures, Endogenous Switching, Semiconductor Industry

22.

Non-Sequential Search, Competition and Price Dispersion in Retail Electricity

ZEW - Centre for European Economic Research Discussion Paper No. 16-029
Number of pages: 49 Posted: 12 Apr 2016
Klaus Peter Gugler, Sven Heim and Mario Liebensteiner
Vienna University of Economics and Business, ZEW – Leibniz Centre for European Economic Research and Vienna University of Economics and Business
Downloads 62 (364,528)
Citation 1

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Search, Information, Competition, Price Dispersion, Electricity Retail

23.

The Impact of Corporate Governance on Investment Returns in Developed and Developing Countries

Economic Journal, Vol. 113, pp. F511-F539, November 2003
Number of pages: 29 Posted: 26 Nov 2003
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 43 (428,942)
Citation 1
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24.

Marginal Q, Tobin’s Q, Cash Fow and Investment

Southern Economic Journal, Vol. 70, No. 3, 2003
Number of pages: 49 Posted: 16 May 2012 Last Revised: 06 Jan 2017
Klaus Peter Gugler, Dennis C. Mueller and B. Burcin Yurtoglu
Vienna University of Economics and Business, University of Vienna - Center for Business Studies - Department of Economics and WHU - Otto Beisheim School of Management
Downloads 41 (436,761)

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Investment, Cash Flow, Tobin’s q, Marginal q, Asymmetric Information, Managerial Discretion

25.

Cross-Border Mergers and Domestic Wages: Integrating Positive ‘Spillover’ Effects and Negative ‘Bargaining’ Effects

NHH Dept. of Economics Discussion Paper No. 10/2011
Number of pages: 46 Posted: 23 Sep 2011
Joseph A. Clougherty, Klaus Peter Gugler and Lars Sorgard
University of Illinois at Urbana-Champaign, Vienna University of Economics and Business and Norwegian School of Economics and Business Administration (NHH)
Downloads 38 (449,279)

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26.

Corporate Growth Convergence in Europe

CEPR Discussion Paper No. 2838
Number of pages: 31 Posted: 26 Jun 2001
Paul A. Geroski and Klaus Peter Gugler
London Business School and Vienna University of Economics and Business
Downloads 36 (457,711)
Citation 2
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Corporate growth, convergence, Europe, Gibrat's Law

27.

Market Liberalization: Price Dispersion, Price Discrimination and Consumer Search in the German Electricity Markets

Downloads 33 (475,739)
Citation 2

Market Liberalization: Price Dispersion, Price Discrimination and Consumer Search in the German Electricity Markets

ZEW - Centre for European Economic Research Discussion Paper No. 18-042
Number of pages: 79 Posted: 18 Oct 2018 Last Revised: 22 Jul 2019
Klaus Peter Gugler, Sven Heim, Maarten Janssen and Mario Liebensteiner
Vienna University of Economics and Business, ZEW – Leibniz Centre for European Economic Research, University of Vienna - Faculty of Business, Economics, and Statistics and Vienna University of Economics and Business
Downloads 33 (487,787)
Citation 2

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Search, Price Dispersion, Price Discrimination, Electricity

Market Liberalization: Price Dispersion, Price Discrimination and Consumer Search in the German Electricity Markets

CEPR Discussion Paper No. DP13197
Number of pages: 80 Posted: 24 Sep 2018
Klaus Peter Gugler, Sven Heim, Maarten Janssen and Mario Liebensteiner
Vienna University of Economics and Business, ZEW – Leibniz Centre for European Economic Research, University of Vienna - Faculty of Business, Economics, and Statistics and Vienna University of Economics and Business
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electricity, price discrimination, price dispersion, search

28.

Facility- and Service-Based Competition and Investment in Fixed Broadband Networks: Lessons from a Decade of Access Regulations in the European Union Member States

ZEW - Centre for European Economic Research Discussion Paper No. 15-048
Number of pages: 37 Posted: 09 Aug 2015
Wolfgang Briglauer, Klaus Peter Gugler and Adhurim Haxhimusa
WU Vienna, Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 30 (485,552)
Citation 1

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Investment dynamics, regulation, service-based competition, facility-based competition, strategic effects

29.

A Retrospective Study on the Regional Benefits and Spillover Effects of High-Speed Broadband Networks: Evidence from German Counties

ZEW - Centre for European Economic Research Discussion Paper No. 19-026
Number of pages: 45 Posted: 31 Jul 2019
Wolfgang Briglauer, Niklas Dürr and Klaus Peter Gugler
WU Vienna, ZEW – Leibniz Centre for European Economic Research - Competition and Regulation Research Group and Vienna University of Economics and Business
Downloads 16 (566,481)

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High-speed broadband infrastructure, economic growth, spatial externalities, German counties, panel data

30.

Central Europe as an Economic Area? Prospects for Further Economic Integration from an Austrian Perspective

Number of pages: 22 Posted: 19 Jun 2018
Klaus Peter Gugler, Heinz Handler and Manfred Schekulin
Vienna University of Economics and Business, Austrian Institute of Economic Research (WIFO) and Government of the Republic of Austria - Federal Ministry of Economics and Labour
Downloads 6 (632,305)

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European Union, Central and Eastern Europe, Austria, integration process, regional economic area

31.

Dividend Policy in Regulated Network Industries: Evidence from the EU

Economic Inquiry, Vol. 54, Issue 1, pp. 408-432, 2016
Number of pages: 25 Posted: 27 Nov 2015
Francisca Bremberger, Carlo Cambini, Klaus Peter Gugler and Laura Rondi
Vienna University of Economics and Business, Politecnico di Torino & EUI - Florence School of Regulation, Vienna University of Economics and Business and Politecnico di Torino
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32.

Analysis of Mergers in First-Price Auctions

CEPR Discussion Paper No. DP10799
Number of pages: 43 Posted: 04 Sep 2015
Klaus Peter Gugler, Michael Weichselbaumer and Christine Zulehner
Vienna University of Economics and Business, Vienna University of Economics and Business and University of Vienna - Faculty of Business, Economics, and Statistics
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construction procurement, evaluation of mergers, first-price auctions, independent private values, merger simulation

33.

Cross-Border Mergers and Domestic-Firm Wages: Integrating ‘Spillover Effects’ and ‘Bargaining Effects’

CEPR Discussion Paper No. DP9863
Number of pages: 34 Posted: 02 Jun 2014
Joseph A. Clougherty, Klaus Peter Gugler, Lars Sorgard and Florian Szücs
University of Illinois at Urbana-Champaign, Vienna University of Economics and Business, Norwegian School of Economics and Business Administration (NHH) and Vienna University of Economics and Business
Downloads 0 (692,841)
Citation 1
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bargaining, Cross-Border Mergers, FDI, spillovers, wages

34.

Average Q, Marginal Q, and the Relation between Ownership and Performance

Economics Letters, Vol. 78 (3) 2003
Posted: 16 May 2012
Klaus Peter Gugler and B. Burcin Yurtoglu
Vienna University of Economics and Business and WHU - Otto Beisheim School of Management

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Tobin’s Q, marginal Tobin’s Q, Insider ownership, Performance