2019
Adverse selection and the performance of private equity co-investments |
| Forthcoming in the Journal of Financial Economics, 2019 |
| Reiner Braun (CEFS), Tim Jenkinson, Christoph Schemmerl (CEFS) |
| Patent-based investment funds: from invention to innovation |
| The Journal of Technology Transfer (2019), Vol. 44, Issue 2, pp. 404-433. |
| Svenja Jarchow (CEFS), Andrea Röhm (CEFS) |
2018
Foundation Ownership and Shareholder Value: An Event Study |
| Review of Managerial Science, 2018 |
| Ann-Kristin Achleitner (CEFS), Dmitry Bazhutov (BUW), André Betzer (BUW), Jörn H. Block (University of Trier), Florian Hosseini (University of Trier) |
Deal Pricing and Returns in Private Equity |
| In: The Journal of Alternative Investments. Vol. 21 (2018), Issue 3, p. 70-85. |
| Reiner Braun (CEFS), Benjamin Puche (CEFS) |
Systemic Risk in Financial Markets: How Systematically Important Are Insurers? Journal of Risk and Insurance |
| Forthcoming in: Journal of Risk and Insurance |
| Christoph Kaserer (CEFS), Christian Klein (CEFS) |
Private Equity Group Reputation and Financing Structures in German Leveraged Buy-outs |
| In: Journal of Business Economics, Vol. 88, Issue 3-4, p. 363-392 |
| Ann-Kristin Achleitner (CEFS), Reiner Braun (CEFS), Eva Lutz (University of Düsseldorf), Florian Tappeiner (CEFS) |
Five Concerns with the Five-Factor Model. The Journal of Portfolio Management |
| In: The Journal of Portfolio Management |
| David Blitz (Robeco), Matthias X. Hanauer (Robeco, CEFS), Milan Vidojevic (Robeco) and Pim van Vliet (Robeco) |
2017
Corporate Raiders at the Gates of Germany? Value Drivers in Buyout Transactions |
| In: Journal of Private Equity |
| Reiner Braun (CEFS), Fabian Söffge (CEFS) |
How persistent is private equity performance? Evidence from deal-level data |
| In: Journal of Financial Economics |
| Reiner Braun (CEFS), Tim Jenkinson (University of Oxford), Ingo Stoff (CEFS) |
International asset allocation using the market implied cost of capital |
| In: Financial Markets and Portfolio Management |
| Patrick Bielstein (CEFS) |
Did UEFA's Financial fair play harm competition in European football leagues? |
| In: Review of Managerial Science |
| Stefan Birkenhäuser, Christoph Kaserer (CEFS), Daniel Urban (CEFS) |
25 Jahre Fama-French-Modell: Erklärungsgehalt, Anomalien und praktische Implikationen |
| In: Perspektiven der Wirtschaftspolitik |
| Matthias Hanauer (Robeco, CEFS), Christoph Kaserer (CEFS) |
Finance conference quality and publication success: A conference ranking |
| In: Journal of Emipirical Finance |
| Sebastian J. Reinartz (CEFS), Daniel Urban (CEFS) |
2016
The cost of Private Equity Investing and the Impact of Dry Powder |
| In: Journal of private Equity |
| Reiner Braun (CEFS), Ingo Stoff (CEFS) |
The impact of the financial crisis on financing technology ventures |
| In: International Journal of Entrepreneurship and Small Business |
| Ann-Kristin Achleitner (CEFS), Reiner Braun (CEFS), Georg Metzger (KfW Bankengruppe), Maximilian Schmidt (CEFS) |
Combination of forecasts for the price of crude oil on the spot market |
| In: International Journal of Production Research |
| Vitor G. Azevedo (CEFS), Lucila M.S. Campos (Universidade Federal de Santa Catarina) |
Corporate sustainability and asset pricing models: empirical evidence for the Brazilian stock market |
| In: Production |
| Vitor G. Azevedo (CEFS), André A. P. Santos (Universidade Federal de Santa Catarina), Lucila M. S. Campos (Universidade Federal de Santa Catarina) |
Synthetic hedge funds |
| In: Review of Financial Economics |
| Mario Fischer (CEFS), Matthias X. Hanauer (CEFS), Robert Heigermoser (CEFS) |
Determinants of tracking error in German ETFs – the role of market liquidity |
| In: Managerial Finance |
| Friedrich Osterhoff, Christoph Kaserer |
Production Flexibility, Product Markets, and Capital Structure Decisions |
| In: Review of Financial Studies |
| Sebastian J. Reinartz (CEFS), Thomas Schmid (University of Hong Kong) |
2015
Family firm heterogeneity and corporate policy – Evidence from diversification decisions |
| In: Corporate Governance: An International Review |
| Ann-Kristin Achleitner (CEFS), Markus Ampenberger (CEFS), Christoph Kaserer (CEFS), Thomas Schmid (CEFS) |
International Evidence on Value Creation in Private Equity Transactions |
| In: Journal of Applied Corporate Finance |
| Ann-Kristin Achleitner (CEFS), Benjamin Puche (CEFS), Reiner Braun (CEFS) |
Does contingent capital induce excessive risk-taking? |
| In: Journal of Financial Intermediation |
| Tobias Berg (CEFS, Christoph Kaserer (CEFS) |
Challenging the payment effect in bank-financed takeovers |
| In: Journal of Management Control |
| Mario Fischer (CEFS) |
Effects of return expectation on mutual funds’ risk exposures |
| In: Journal of Asset Management |
| Mario Fischer (CEFS), Maximilian Overkott (CEFS) |
Size, Value, and Momentum in Emerging Market Stock Returns: Integrated or Segmented Pricing? |
| In: Asia-Pacific Journal of Financial Studies |
| Matthias X. Hanauer (CEFS), Martin Linhart |
Alternative Indexierung am deutschen Aktienmarkt |
| In: Corporate Finance |
| Jochim Lauterbach (CEFS), Maximilian Overkott (CEFS) |
Modeling Electricity Spot Prices: Combining Mean Reversion, Spikes, and Stochastic Volatility |
| In: European Journal of Finance. Special Issue on 2010 and 2011 Forecasting Financial Markets Conference |
| Klaus Mayer (CEM), Thomas Schmid (CEFS), Florian Weber (CEFS) |
Private Equity Minority Investments |
| In: The Journal of Private Equity. Vol. 18 (2015), Issue 4, p. 46-55. |
| B. Puche (CEFS), C. Lotz (TUM) |
2014
Value creation drivers in a secondary buyout – the acquisition of Brenntag by BC Partners |
| In: Qualitative Research in Financial Markets, Vol. 6 (2014), Issue 3, p. 278-301 |
| Ann-Kristin Achleitner (CEFS), Christian Figge (CEFS), Eva Lutz (CEFS) |
Private Equity Lemons? Evidence on Value Creation in Secondary Buyouts |
| In: European Financial Management, Vol. 20 (2014), Issue 2, p. 406-433 |
| Ann-Kristin Achleitner (CEFS), Christian Figge (CEFS) |
Industry relatedness in trade sales and venture capital investment returns |
| In: Small Business Economics, Vol. 43 (2014), Issue 3, p. 621-637 |
| Ann-Kristin Achleitner (CEFS), Reiner Braun (CEFS), Eva Lutz (CEFS) and Uwe Reiner (CEFS) |
Real Earnings Management and Accrual-based Earnings Management in Family Firms |
| In: European Accounting Review, Special Issue: Accounting and Reporting in Family Firms, Vol. 23 (2014), Issue 3, p. 431- 461 |
| Ann-Kristin Achleitner (CEFS), Nina Günther (CEFS), Christoph Kaserer (CEFS) and Gianfranco Siciliano (Bocconi University) |
Family firms and R&D behavior – New evidence from a large-scale survey |
| In: Research Policy, Vol. 43 (2014), Issue 1, p. 233-244 |
| Ann-Kristin Achleitner (CEFS), Thomas Schmid (CEFS), Markus Ampenberger (CEFS) and Christoph Kaserer (CEFS) |
The financing structure of social enterprises: conflicts and implications |
| In: International Journal of Entrepreneurial Venturing, Special Issue: The Future of Social Entrepreneurship, Vol. 6 (2014), Issue 1, p. 85-99 |
| A.-K. Achleitner (CEFS), W. Spiess-Knafl (CEFS) and S. Volk (CEFS) |
The evolution of private equity fund terms beyond 2 and 20 |
| In: Journal of Applied Corporate Finance, 26 (1), 65-75 |
| Ingo Stoff (CEFS), Reiner Braun (CEFS) |
Is Japan Different? Evidence on Momentum and Market Dynamics |
| In: International Review of Finance 14 (1), 2014, 141-160 |
| Hanauer, Matthias (CEFS) |
Why do firms (not) hedge? - Novel evidence on cultural influence |
| In: Journal of Corporate Finance 25, 2014, 92-106 |
| Lievenbrück, M.; Schmid, T. |
The value of financial flexibility and corporate financial policy |
| In: Journal of Corporate Finance 29, 2014, 288-302 |
| Rapp, Marc Steffen; Schmid, Thomas; Urban, Daniel |