Two of our Scientific Co-Directors, Ann-Kristin Achleitner and Reiner Braun, have contributed a revised chapter titled "Entrepreneurial Finance: Ein Überblick" to the newly released second edition of the Handbuch Entrepreneurship, edited by Prof. Dr. Günter Faltin. Originally authored several years… [weiterlesen]

A brand-new working paper by Reiner Braun, in collaboration with our alumnus Stefan Weik (now HSG) and Tim Jenkinson (Oxford), will be presented in November 2025 at the annual conference of the Private Equity Research Consortium (PERC) in Chapel Hill (USA). The paper examines whether Michael Jensen… [weiterlesen]

The paper "Size, returns, and value: Do private equity firms allocate capital according to manager skill?" has been accepted at the prestigious Journal of Finance. In this paper, our chair holder Reiner Braun, together with his co-authors Nils Dorau (also TUM), Tim Jenkinson (Oxford), and Daniel… [weiterlesen]

We are happy to share that CEFS researcher Dr. Stefan Weik, who previously served as a Research Assistant and Postdoctoral Researcher at the Chair of Entrepreneurial Finance, will be joining the University of St. Gallen (HSG) School of Finance and the Swiss Finance Institute as an Assistant… [weiterlesen]

Over the past few weeks, we had the privilege of hosting renowned guest speakers in the Alternative Investments/Private Markets Investing Lecture, led by Dr. Kay Müller and Prof. Reiner Braun. Dr. Georg Rindermann from Allianz Re captivated our audience with his insights on Insurance-Linked… [weiterlesen]

This year's Entrepreneurial Finance Association's Annual Meeting was held in Munich on June 10-11. As part of the conference, two CEFS members delivered insightful research presentations: Svenja Barth introduced a novel method to isolate idiosyncratic VC success. Her findings indicated that while… [weiterlesen]

We are pleased to announce that our latest research has been published in Research Policy! The study, titled "Venture Capital and the International Relocation of Startups" by CEFS members Stefan Weik, Ann-Kristin Achleitner, and Reiner Braun, provides the first systematic and reliable data on the… [weiterlesen]

Last week marked the commencement of our CEFS Alternative Investment course for the fourth consecutive time! Held jointly by Dr. Kay Müller, CEO of Allianz Asset Management, and Prof. Reiner Braun, this course offers invaluable insights into the dynamic realm of private capital markets for TUM… [weiterlesen]

CEFS Director Prof. Christoph Kaserer recently co-organized a fireside chat hosted by the Munich Finance Forum eV (MFF), an organization he also serves as a board member. Held bi-annually, this edition was graciously hosted by Munich Re. Distinguished speakers included Nicholas Gartside, Munich Re's… [weiterlesen]

Yesterday, we had the honour to host Prof. Bo Becker from the Swedish House of Finance at our Finance Research Seminar. Bo's insights shed light on a critical aspect of economic dynamics: the relationship between bank branch closures and lending to SMEs.   In his latest research (together… [weiterlesen]