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

35

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21,669

SSRN CITATIONS
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SSRN RANKINGS

Top 4,444

in Total Papers Citations

277

CROSSREF CITATIONS

141

Scholarly Papers (35)

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1.

Corporate Governance and the Returns on Investment

Downloads 7,393 ( 1,827)
Citation 30

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 7,393 (1,815)
Citation 30

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

Corporate Governance and the Returns on Investment

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 3,858 ( 5,538)
Citation 9

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 3,328 (6,947)
Citation 15

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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 530 (101,246)
Citation 14

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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 2,061 (15,100)
Citation 13

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

4.

Corporate Governance and Dividend Pay-Out Policy in Germany

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 1,913 (16,988)
Citation 25

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Corporate Governance, Dividend Announcements, Rent Extraction, Germany

5.

Market Concentration in Europe: Evidence from Antitrust Markets

Downloads 0 (75,583)
Citation 6

Market Concentration in Europe: Evidence from Antitrust Markets

CEPR Discussion Paper No. DP15699
Number of pages: 45 Posted: 11 Feb 2021
Pauline Affeldt, Tomaso Duso, Klaus Peter Gugler and Joanna Piechucka
E.CA Economics, German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and European Union - Directorate General for Competition
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6.

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 646 (79,901)
Citation 19

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

7.

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 467 (119,393)
Citation 121

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Mergers, Acquisitions, International comparison, Market power, Efficiency

8.

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 466 (119,699)
Citation 6

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

9.

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 449 (124,990)
Citation 4

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Investment, corporate governance, ownership structure, international comparison

10.

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

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 435 (129,758)
Citation 32

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Mergers and acquisitions, labour demand, restructuring, international comparison

11.

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 424 (133,599)
Citation 4

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Merger Control, Remedies, European Commission, Event Studies

12.

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 349 (166,217)
Citation 1

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Dividends, Lintner model, incentive regulation, electricity

13.

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 334 (174,336)

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

14.

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 295 (198,735)
Citation 5

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

15.

Assessing EU Merger Control through Compensating Efficiencies

Downloads 96 (226,085)
Citation 1

Assessing EU Merger Control Through Compensating Efficiencies

CESifo Working Paper No. 9403
Number of pages: 49 Posted: 12 Nov 2021
Pauline Affeldt, Tomaso Duso, Klaus Peter Gugler and Joanna Piechucka
E.CA Economics, German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and European Union - Directorate General for Competition
Downloads 94 (532,651)

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compensating efficiencies, efficiency gains, merger control, concentration, screens, HHI, mergers, unilateral effects, market definition, entry barriers

Assessing EU Merger Control Through Compensating Efficiencies

CEPR Discussion Paper No. DP16705
Number of pages: 50 Posted: 09 Nov 2021
Pauline Affeldt, Tomaso Duso, Klaus Peter Gugler and Joanna Piechucka
E.CA Economics, German Institute for Economic Research (DIW Berlin), Vienna University of Economics and Business and European Union - Directorate General for Competition
Downloads 2 (1,224,647)
Citation 1
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Compensating efficiencies, Concentration, Efficiency gains, Entry Barriers, HHI, Market Definition, Merger Control, mergers, Screens, Unilateral Effects

16.

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

Downloads 249 (235,895)
Citation 1

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 248 (235,670)
Citation 1

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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
Downloads 1 (1,238,452)
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construction procurement, first-price auctions, labor demand, labor hoarding, recent economic crisis

17.

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

Downloads 248 (236,832)
Citation 3

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 175 (326,975)

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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 73 (622,463)
Citation 3

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

18.

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 230 (254,909)
Citation 24

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

19.

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 226 (259,226)

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

20.

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

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 224 (261,449)
Citation 2

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spatial product differentiation, retail gasoline, mergers, concentration

21.

Carbon Pricing and Emissions: Causal Effects of Britain's Carbon Tax

Number of pages: 38 Posted: 21 May 2022
Klaus Peter Gugler, Adhurim Haxhimusa and Mario Liebensteiner
Vienna University of Economics and Business, affiliation not provided to SSRN and Friedrich-Alexander-University Erlangen-Nürnberg
Downloads 215 (271,562)
Citation 3

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carbon price, Carbon Price Support, Carbon tax, Climate change policy, CPF

22.

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 178 (322,437)
Citation 3

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oligopolistic competition, rivals, mergers, externalities

23.

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

Downloads 155 (363,279)
Citation 1

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, MINES ParisTech, University of Vienna - Faculty of Business, Economics, and Statistics and Vienna University of Economics and Business
Downloads 155 (363,406)

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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, MINES ParisTech, 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

24.

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 144 (385,514)
Citation 2

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

25.

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

Downloads 142 (391,994)
Citation 30

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 2022
Ralph Siebert and Klaus Peter Gugler
Purdue University and Vienna University of Economics and Business
Downloads 73 (622,463)
Citation 8

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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 69 (647,605)
Citation 1

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

26.

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, MINES ParisTech and Vienna University of Economics and Business
Downloads 134 (407,972)
Citation 1

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Search, Information, Competition, Price Dispersion, Electricity Retail

27.

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 87 (554,034)
Citation 6

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

28.

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 78 (591,135)

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

29.

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 65 (651,969)

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30.

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 48 (749,207)
Citation 1

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

31.

Corporate Growth Convergence in Europe

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 (835,451)
Citation 2
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Corporate growth, convergence, Europe, Gibrat's Law

32.

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 24 (942,164)

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

33.

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

34.

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 (1,200,846)
Citation 4
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bargaining, Cross-Border Mergers, FDI, spillovers, wages

35.

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