Office hours: | by appointment |
Room: | 2422 |
EMail office: | office.controlling@mgt.tum.de |
Telephone: | +49 (0) 89 289-25800 |
Teaching:
Controlling (Lecture), Cost Accounting (Lecture), Value-based Management (Lecture), Management Accounting (Lecture)
CV and Research Focus
Maximilian Blaschke earned his PhD (summa cum laude) and MSc in Technology and Management from the TUM School of Management. He teaches accounting at the Chair of Management Accounting and conducts research at the TUM Center for Energy Markets, as well as a visiting scholar at the Center for Energy and Environmental Policy Research at the Massachusetts Institute of Technology (MIT). His research focuses on the integration of renewable energy and sustainable mobility, applying interdisciplinary economic and accounting perspectives to assess policy regulations and incentive mechanisms. Through critical analysis of policy frameworks, he aims to develop more effective strategies for a sustainable transformation in energy supply and mobility. His current research explores incentive mechanisms for controllable household energy demand, the effectiveness of subsidies in reducing CO₂ emissions in the transportation sector, and the costs of maintaining grid stability in future mobility scenarios.
Main Publications:
Steinbach, Sarah; Blaschke, Maximilian J.: How grid reinforcement costs differ by socio-economic electric vehicle user groups; Nature Communications, November 2024 |
Bendzuck, Konrad; Mayer, Julian K.; Kwade, Arno; Kemmer, Lukas; Blaschke, Maximilian J.; Friedl, Gunther; Kollenda, Anna; Lechner, Maximilian; Keilhofer, Josef; R. Daub: Cost modeling for the GWh-scale production of modern lithium-ion battery cells; Nature Communications Engineering, November 2024 |
Blaschke, Maximilian J.: Dynamic pricing of electricity: Enabling demand response in domestic households, Energy Policy (164), 2022 |
Steinbach, Sarah; Blaschke, Maximilian J.: Enabling electric mobility: Can photovoltaic and home battery systems significantly reduce grid reinforcement costs?; Applied Energy, Volume 375, 2024 |
Friedl, G., Reichelstein, S., Bach, A., Blaschke, M., Kemmer, L.: Applications of the levelized cost concept. J Bus Econ (93), 1125–1148, 2023 |
Current working papers:
Blaschke, Maximilian J.: Subsidy-Induced Innovation & Learning: How Green are Subsidies in Electric Vehicles? |
Blaschke, Maximilian J.: How households benefit from pre-announced electricity price information: a rolling horizon simulation with a battery storage system |
Scholta, Hanna; Blaschke, Maximilian J.: Shedding Light on Green Claims: The Impact of a Closer Temporal Alignment of Supply and Demand in Voluntary Green Electricity Markets (MIT Working Paper Series June 2024) |
Kemmer, Lukas; Bach, Amadeus; Blaschke, Maximilian J.: The impact of battery technology on residential solar PV and storage systems and their fossil fuel reduction potential, September 2024 |
Schloter, Lukas; Blaschke, Maximilian J.: Hidden discrimination: Why regulators around the world might deny a common measuring system for the emissions of vehicles |
Key publications
Prof. Dr. Gunther Friedl (beurlaubt)

Office hours: | by appointment |
Room: | 2422 |
EMail office: | office.controlling@mgt.tum.de |
Telephone: | +49 (0) 89 289-25800 |
Telefax: | +49 (0) 89 289-25802 |
- CV Gunther Friedl english
- CV Gunther Friedl german
- Short Bio Gunther Friedl english
- Short Bio Gunther Friedl german
- Publikationen Gunther Friedl english
Gunther Friedl is professor of Business Administration and Management Accounting, head of the department of Management Accounting and dean of TUM School of Management. He conducts research in corporate governance and executive board compensation, performance measurement and business valuation.
After completing first degrees in physics at TUM and business administration at LMU Munich, he received his Ph.D. in 2000 and acquired his postdoctoral teaching qualification (habilitation) in 2004 at the Institute of Production Management and Controlling at LMU. Between 2004 and 2007 he held a position as professor of Business Administration and Management Accounting at the chair of Management Accounting at Johannes-Gutenberg University, Mainz. His research and teaching took him to Stanford University and Warsaw School of Economics.
Gunther Friedl is author and co-author of several books on cost accounting and controlling. His research is published e.g. in the European Journal of Operational Research, OR Spectrum, Research Policy and Schmalenbach Business Review.
He received numerous awards for his work, among them the price of the Association of University Teachers of Economics for the best coursebook and several Best Teaching Awards. His research studies about executive board compensation are regularly presented in Handelsblatt, Financial Times, Frankfurter Allgemeine Zeitung, The Huffington Post, ARD and ZDF.
Key Publications
- Controlling Konzeption-Aufgaben-Instrumente. Schäffer-Poeschel Verlag Stuttgart, 2024 more…
- Unternehmensbewertung für Mittelstand, Klein- und Kleinstunternehmen. In: Unternehmensbewertung und ökonomische Analyse. Springer Fachmedien Wiesbaden, 2023 more…
- Applications of the levelized cost concept. Journal of Business Economics 93 (6-7), 2023, 1125-1148 more…
- The Impact of Transitory Climate Risk on Firm Valuation and Financial Institutions: A Stress Test Approach. Schmalenbach Journal of Business Research, 2023 more…
- Declared essential patents and average total R&D expenditures per patent family. Telecommunications Policy 47 (7), 2023, 102575 more…
- The determinants of compensation report transparency: manager incentives and firm characteristics. Journal of Business Economics, 2023 more…
- DSW/TUM-Vorstandsvergütungsstudie 2023 - Teil 2. BOARD, 2023 more…
- DSW/TUM-Vorstandsvergütungsstudie 2023 - Teil 1. BOARD, 2023 more…
- Product Mining - Das Produkt als zentrale Stellgröße strategischer Entscheidungen. Zeitschrift für erfolgsorientierte Unternehmenssteuerung, 2022, 71-73 more…
- Gesundheit und Kapitalanlagen - wie sind die € 237 Mrd. der berufsständigen Versorgungswerke angelegt? Zeitschrift für Evidenz, Fortbildung und Qualität im Gesundheitswesen, 2022 more…
- How Do Contract Parameters Influence the Economics of Vehicle-to-Grid? Manufacturing & Service Operations Management 19 (1), 2017, 150-164 more…
- Supplier Development Investments in a Triadic Setting. IEEE Transactions on Engineering Management PP (99), 2016, 1-15 more…
- Corporate Governance, Stakeholder Power, and Executive Compensation. OR Spectrum 33, 2011, 309-331 more…
- Kostenrechnung. Eine entscheidungsorientierte Einführung. Verlag Vahlen (1. edn.), 2010 more…
- Controlling innovative projects with moral hazard and asymmetric information. Research Policy 37, 2008, 1504-1514 more…
- Supplier Switching Decisions. European Journal of Operational Research 183, 2007, 700-717 more…
- more…