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)

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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)

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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)

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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)

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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)

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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

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