2021
| 2021 | Equipment as a service: The transition towards usage-based business models |
| [SSRN] | |
| Isabella Stojkovski, Ann-Kristin Achleitner, Thomas Lange |
2017
| 2017/05/30 | Foundation ownership and shareholder value: An event study |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS), Dmitry Bazhutov (University of Wuppertal), André Betzer (University of Wuppertal), Jörn Block (University of Trier), Florian Hosseini (University of Trier) | |
| 2017/12/03 | Adverse selection and the performance of private equity co-investments |
| [SSRN] | |
| Reiner Braun (CEFS), Tim Jenkinson (University of Oxford), Christoph Schemmerl (CEFS) | |
| 2017 | Heuristic decision making and decision biases in the private equity industry |
| Oliver Bauer (CEFS), Reiner Braun (CEFS), Sara Utmishi (CEFS) | |
| 2017 | Risk-taking and effort-giving in private equity industry – a behavioral explanation on the influence of the hurdle rate |
| Oliver Bauer (CEFS), Reiner Braun (CEFS), Sara Utmishi (CEFS) | |
2016
| 2016/03/30 | Women on Corporate Boards: Good or Bad? |
| [SSRN] | |
| Thomas Schmid (University of Hong Kong), Daniel Urban (CEFS) | |
| 2016/06/23 | Employee Representation and Financial Leverage |
| [SSRN] | |
| Chen Lin, Thomas Schmid and Yuhai Xuan | |
| 2016 | Persistence in private equity firms’ value creation strategies and competitive advantage. |
| R. Braun (CEFS), A. Gerl (CEFS), N. Craig | |
| 2016 | The leverage, pricing and return puzzle in lever-aged buyouts: The impact of competition |
| R. Braun (CEFS), A. Gerl (CEFS), N. Craig | |
2015
| 2015/12/21 | How Persistent is Private Equity Performance? Evidence from Deal-Level Data |
| [SSRN] | |
| Prof. Dr. Reiner Braun, Tim Jenkinson (University of Oxford), Ingo Stoff | |
| 2015/06/23 | Alternative Indexierung Am Deutschen Aktienmarkt (Alternative Indexation on the German Stock Market) |
| [SSRN] | |
| Joachim Lauterbach, Maximilian Overkott | |
| 2015 | Buyout Transaction in the German-speaking Region: Determinants of Abnormal Performance and Unlevered Returns |
| Braun, R., Söffge, F. | |
2014
2012
| 2012 No. 1 | Do Investors Value Cash Flow Stability of Listed Infrastructure Funds? |
| [SSRN] | |
| Florian Bitsch |
2011
| 2011 No. 4 | The Capital Gains Tax: A Curse but also a Blessing for Venture Capital Investment |
| [SSRN] | |
| Ann-Kristin Achleitner, Carolin Bock, Martin Watzinger | |
| 2011 No. 3 | Disentangling Gut Feeling - Assessing the Integrity of Social Entrepreneurs |
| [SSRN] | |
| Ann-Kristin Achleitner, Eva Lutz, Judith Mayer, Wolfgang Spiess-Knafl | |
| 2011 No. 2 | Modeling Electricity Spot Prices - Combining Mean-Reversion, Spikes and Stochastic Volatility |
| [SSRN] | |
| Klaus Mayer, Thomas Schmid, Florian Weber | |
| 2011 No. 1 | Risikofaktoren und Multifaktormodelle für den deutschen Aktienmarkt |
| [SSRN] | |
| Matthias Hanauer, Christoph Kaserer, Marc Steffen Rapp |
2010
| 2010 No. 9 | Considering the Shareholder Perspective: Value-based Management Systems and Stock Market Performance |
| [SSRN] | |
| Marc Steffen Rapp, Daniel A. Schellong, Maximilian Schmidt, Michael Wolff | |
| 2010 No. 8 | Information Asymmetries and the Value-Relevance of Cash Flow and Accounting Figures - Empirical Analysis and Implications for Managerial Accounting |
| [SSRN] | |
| Marc Steffen Rapp | |
| 2010 No. 7 | Determinanten der Vorstandsvergütung - Eine empirische Untersuchung der deutschen Prime-Standard-Unternehmen |
| [SSRN] | |
| Marc Steffen Rapp, Michael Wolff (University of Karlsruhe (TH)) | |
| 2010 No. 6 | Determinants of Director Compensation in Two-Tier Systems: Evidence from German Panel Data |
| [SSRN] | |
| Jörn Michael Andreas (Karlsruhe institute of technology), Marc Steffen Rapp, Michael Wolff (Karlsruhe institute of technology) | |
| 2010 No. 5 | DAXplus Family - Primer on a Family Firm Stock Index in Germany (DAXplus Family - Ein Aktienindex zur Darstellung der Performance von Familienunternehmen) |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Tobias Kauf (CEFS/TU München), Sarah Volk (CEFS/TU München) | |
| 2010 No. 4 | Loss of Control vs. Risk Reduction - Decision Factors for Hiring Non-Family CFOs in Family Firms |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Eva Lutz (CEFS/TU München), Stephanie Schraml (CEFS/TU München) | |
| 2010 No. 3 | Simulation-Based Valuation of Project Finance - Does Model Complexity Really Matter? |
| [SSRN] | |
| Florian Weber (CEFS/TU München), Thomas Schmid (CEFS/TU München), Matthäus Pietz (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2010 No. 2 | Importance of Spatial Proximity between Venture Capital Investors and Investees in Germany |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Marko Bender (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Eva Lutz (CEFS/TU München) | |
| 2010 No. 1 | Corporate Governance and Payout Policy: Do Founding Families Have a Special 'Taste for Dividends'? |
| [SSRN] | |
| Thomas Schmid (CEFS/TU München), Markus Ampenberger (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Ann-Kristin Achleitner (CEFS/TU München) |
2009
| 2009 No. 15 | Structure and Determinants of Financial Covenants in Leveraged Buyouts - Evidence from an Economy with Strong Creditor Rights |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Reiner Braun (CEFS/TU München), Florian Tappeiner (CEFS/TU München) | |
| 2009 No. 14 | Influence of Internal Factors on the Use of Equity- and Mezzanine-Based Financing in Family Firms |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Eva Lutz (CEFS/TU München), Stephanie Schraml (CEFS/TU München) | |
| 2009 No. 13 | The German Entrepreneurial Index (GEX®) - A Primer on an Ownership-Based Style Index in Germany |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Markus Ampenberger (CEFS/TU München), Florian Bitsch (CEFS/TU München) | |
| 2009 No. 12 | Net Asset Value Discounts in Listed Private Equity Funds |
| [SSRN] | |
| Henry Lahr (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2009 No. 11 | Risk Premia in Electricity Wholesale Spot Markets - Empirical Evidence from Germany |
| [SSRN] | |
| Matthäus Pietz (CEFS/TU München) | |
| 2009 No. 10 | Angels or Demons? Evidence on the Impact of Private Equity Firms on Employment |
| [SSRN] | |
| Eva Nathusius (CEFS/TU München), Ann-Kristin Achleitner (CEFS/TU München) | |
| 2009 No. 9 | International Financial Reporting Standards and Earnings Quality: The Myth of Voluntary vs. Mandatory Adoption |
| [SSRN] | |
| Nina Günther (CEFS/TU München), Bernhard Gegenfurtner (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Ann-Kristin Achleitner (CEFS/TU München) | |
| 2009 No. 8 | Goal Structures in Family Firms: Empirical Evidence on the Relationship between Firm and Family Goals |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Reiner Braun (CEFS/TU München), Stephanie Schraml (CEFS/TU München), Juliane Welter | |
| 2009 No. 7 | Risk Premia in the German Electricity Futures Market |
| [SSRN] | |
| Matthäus Pietz (CEFS/TU München) | |
| 2009 No. 6 | Patterns in Spatial Proximity between Venture Capital Investors and Investees in Germany - An Empirical Analysis |
| [SSRN] | |
| Marko Bender (CEFS/TU München), Eva Nathusius (CEFS/TU München) | |
| 2009 No. 5 | Capital structure decisions in family firms - empirical evidence from a bank-based economy |
| [SSRN] | |
| Markus Ampenberger (CEFS/TU München), Thomas Schmid (CEFS/TU München), Ann-Kristin Achleitner (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2009 No. 4 | Market Liquidity Risk - An Overview |
| [SSRN] | |
| Sebastian Stange (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2009 No. 3 | Stock-based Incentives in Executive Compensation Packages - Evidence from German Prime Standard Firms |
| [SSRN] | |
| Marc Steffen Rapp (CEFS/TU München), Philipp Schaller (CEFS/TU München), Michael Wolff (University of Karlsruhe (TH)) | |
| 2009 No. 2 | The Impact of Managerial Ownership, Monitoring and Accounting Standard Choice on Accrual Mispricing |
| [SSRN] | |
| Bernhard Gegenfurtner (CEFS/TU München), Markus Ampenberger (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2009 No. 1 | Measuring Market Liquidity Risk - Which Model Works Best? |
| [SSRN] | |
| Cornelia Ernst (CEFS/TU München), Sebastian Stange (CEFS/TU München), Christoph Kaserer (CEFS/TU München) |
2008
| 2008 No. 15 | Private Equity Investors as Corporate Governance Mechanism in Continental Europe |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), André Betzer (University of Bonn), Bastian Hinterramskogler (CEFS/TU München) | |
| Best Paper Prize, 7th International Conference on Corporate Governance, Birmingham Business School | |
| 2008 No. 14 | Accounting for Non-Normality in Liquidity Risk |
| [SSRN] | |
| Cornelia Ernst (CEFS/TU München), Sebastian Stange (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2008 No. 13 | Family Firms, Agency Costs and Risk Aversion - Empirical Evidence from Diversification and Hedging Decisions |
| [SSRN] | |
| Thomas Schmid (CEFS/TU München), Markus Ampenberger (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Ann-Kristin Achleitner (CEFS/TU München) | |
| 2008 No. 12 | Private Equity Minority Investments in Large Family Firms: What Influences the Attitude of Family Firm Owners? |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Stephanie Schraml (CEFS/TU München), Florian Tappeiner (CEFS/TU München) | |
| 2008 No. 11 | Do Corporate Governance Motives Drive Hedge Funds and Private Equity Activities? |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), André Betzer (University of Bonn), Jasmin Gider (University of Bonn) | |
| 2008 No. 10 | Why and How to Integrate Liquidity Risk into a Var-Framework |
| [SSRN] | |
| Sebastian Stange (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2008 No. 9 | The Impact of Order Size on Stock Liquidity - A Representative Study |
| [SSRN] | |
| Sebastian Stange (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2008 No. 8 | Equilibrium Security Prices with Capital Income Taxes and an Exogenous Interest Rate |
| [pdf] | |
| Marc Steffen Rapp (CEFS/TU München), Bernhard Schwetzler (Center for Corporate Transactions (CCT), Department of Finance, Leipzig Graduate School of Management (HHL)) | |
| 2008 No. 7 | Has the Sarbanes-Oxley Act reduced the Adverse Selection Cost of Going Public? |
| [pdf] | |
| Christoph Kaserer (CEFS/TU München), Alfred Mettler (Georgia State University), Stefan Obernberger (CEFS/TU München) | |
| 2008 No. 6 | Private Equity Entities and Conglomerates: What are the Differences? |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Kay Müller (CEFS/TU München) | |
| 2008 No. 5 | Economic Consequences of Private Equity Investments on the German Stock Market |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Christian Andres (University of Bonn), André Betzer (University of Bonn), Charlie Weir (Robert Gordon University - Aberdeen Business School) | |
| 2008 No. 4 | Market Efficiency Reloaded: Why Insider Trades do not Reveal Exploitable Information |
| [pdf] | |
| Sebastian Dickgiesser (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2008 No. 3 | Community Development Venture Capital: Concept and Status Quo in Germany |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Rainer Braun (CEFS/TU München), Marko Bender (CEFS/TU München), Annabell Geidner (CEFS/TU München) | |
| 2008 No. 2 | Uncertain Private Benefits and the Decision to Go Public |
| [pdf] | |
| Olaf Ehrhardt (FH Stralsund), Henry Lahr (CEFS/TU München) | |
| 2008 No. 1 | Linking Credit Risk Premia to the Equity Premium |
| [pdf] | |
| Tobias Berg (CEFS/TU München), Christoph Kaserer (CEFS/TU München) |
2007
| 2007 No. 2 | Quantitative Valuation of Platform Technology Based Intangibles Companies |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Eva Nathusius (CEFS/TU München), Stephanie Schraml (CEFS/TU München) | |
| 2007 No. 1 | Entrepreneurship Education in German Speaking Europe - A Mapping |
| [pdf] | |
| Ann-Kristin Achleitner (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Svenja Jarchow (CEFS/TU München), Karen Wilson (EFER) |
2006
| 2006 No. 2 | Stochastic Modeling of Private Equity - An Equilibrium Based Approach to Fund Valuation |
| [pdf] | |
| Axel Buchner (CEFS/TU München), Christoph Kaserer (CEFS/TU München), Niklas Wagner (CEFS/TU München) | |
| 2006 No. 1 | Lifting the Veil of Accounting Information under Different Accounting Standards - Lessons Learned from the German Experiment |
| [pdf] | |
| Carmen Adamek (CEFS/TU München), Christoph Kaserer (CEFS/TU München) |
2005
| 2005 No. 5 | Employment Contribution of Private Equity and Venture Capital in Europe |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Oliver Klöckner (CEFS/TU München) | |
| 2005 No. 4 | Beteiligungskapital und selektive Informationssuche in mittelständischen Unternehmen |
| [pdf] | |
| Ann-Kristin Achleitner (CEFS/TU München), Angela Poech (CEFS/TU München), Thorsten Groth (CEFS/TU München) | |
| 2005 No. 3 | Private Equity Funds and Hedge Funds - A Primer |
| [SSRN] | |
| Ann-Kristin Achleitner (CEFS/TU München), Christoph Kaserer (CEFS/TU München) | |
| 2005 No. 2 | Real Estate Private Equity - Funktion und Bedeutung einer Anlageklasse |
| [pdf] | |
| Ann-Kristin Achleitner (CEFS/TU München), Niklas Wagner (CEFS/TU München) | |
| 2005 No. 1 | Insider Ownership and Corporate Performance: Evidence from Germany |
| [pdf] | |
| Christoph Kaserer (CEFS/TU München), Benjamin Moldenhauer (CEFS/TU München) |
2004
| 2004 No. 7 | Charakteristika und Erfolgsmerkmale junger, deutscher Unternehmen – Schwerpunkt Finanzierung |
| [pdf] | |
| Ann-Kristin Achleitner, Christoph Kaserer, Niklas Wagner, Angela Poech, Martin Brixner, Axel Buchner, Benjamin Moldenhauer | |
| 2004 No. 5 | What you Get is What You Need? The Role of Venture Capitalists in Managing Growth of New Ventures |
| [pdf] | |
| Ann-Kristin Achleitner, Christian Fingerle | |
| 2004 No. 4 | The Index Effect - Comparison of Different Measurement Approaches |
| [pdf] | |
| Christoph Kaserer, Jakob Munzinger (Freie Universität Bozen), Niklas Wagner | |
| 2004 No. 3 | Surprise Volume and Heteroskedasticity in Equity Market Returns |
| [pdf] | |
| Niklas Wagner (CEFS/TU München), Terry A. Marsh (Haas School of Business/ U.C. Berkeley) | |
| 2004 No. 2 | What Drives Cash Flow Based European Private Equity Returns? – Fund Inflows, Skilled GPs and/or Risk? |
| [pdf] | |
| Christoph Kaserer, Christian Diller | |
| 2004 No. 1 | European Private Equity Funds – A Cash Flow Based Performance Analysis |
| [pdf] | |
| Christoph Kaserer, Christian Diller |
2003
| 2003 No. 1 | Managing Investment Risks of Institutional Private Equity Investors – The Challenge of Illiquidity |
| [pdf] | |
| Christoph Kaserer, Niklas Wagner, Ann-Kristin Achleitner |