Christoph Kaserer

Technische Universität München (TUM)

Full Professor

Arcisstr. 21

Munich, D-80290

Germany

http://www.cefs.de

SCHOLARLY PAPERS

64

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57,166

TOTAL CITATIONS
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Top 7,497

in Total Papers Citations

244

Scholarly Papers (64)

1.

Risikofaktoren und Multifaktormodelle für den Deutschen Aktienmarkt (Risk Factors and Multi-Factor Models for the German Stock Market)

Betriebswirtschaftliche Forschung & Praxis, 65 (5), pp. 469-492, CEFS Working Paper 01-2011
Number of pages: 32 Posted: 17 Nov 2011 Last Revised: 13 Nov 2013
Matthias X. Hanauer, Christoph Kaserer and Marc Steffen Rapp
Technische Universität München (TUM), Technische Universität München (TUM) and University of Marburg - School of Business & Economics
Downloads 6,007 (2,884)
Citation 10

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CAPM, multi-factor models, Asset Pricing, Asset Pricing Anomalies, Anomalies, Fama French, Carhart, Risk Factors, Value, Size, Momentum, Germany

2.

Measuring Market Liquidity Risk - Which Model Works Best?

CEFS Working Paper Series 2009 No. 1
Number of pages: 28 Posted: 16 Jan 2009 Last Revised: 22 Jun 2016
Cornelia Ernst, Sebastian Stange and Christoph Kaserer
Technische Universität München (TUM) - Chair of Business and International Financial Management, Technische Universität München (TUM) - Chair of Business and International Financial Management and Technische Universität München (TUM)
Downloads 3,358 (7,673)
Citation 13

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Asset liquidity, liquidity cost, price impact, Xetra liquidity measure (XLM), risk measurement, Value-at-Risk, market liquidity risk

3.

European Private Equity Funds - a Cash Flow Based Performance Analysis

CEFS Working Paper No. 2004-01
Number of pages: 47 Posted: 20 May 2004
Christoph Kaserer and Christian Diller
Technische Universität München (TUM) and affiliation not provided to SSRN
Downloads 3,203 (8,273)
Citation 13

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Private equity, venture capital, cash flow analysis, public market

4.

Risk, Return and Cash Flow Characteristics of Infrastructure Fund Investments

EIB Papers, Vol. 15, No. 1, pp. 106-136, 2010
Number of pages: 32 Posted: 29 Jan 2012
Florian Bitsch, Axel Buchner and Christoph Kaserer
Technische Universität München - Center for Entrepreneurial and Financial Studies, ESCP Business School and Technische Universität München (TUM)
Downloads 3,016 (9,085)
Citation 2

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infrastructure investment, infrastructure fund, risk, return

5.

Market Liquidity Risk - An Overview

CEFS Working Paper Series 2009 No. 4
Number of pages: 38 Posted: 19 Mar 2009 Last Revised: 18 Aug 2009
Sebastian Stange and Christoph Kaserer
Technische Universität München (TUM) - Chair of Business and International Financial Management and Technische Universität München (TUM)
Downloads 2,774 (10,342)
Citation 8

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Asset liquidity, liquidity cost, price impact, Xetra liquidity measure (XLM), risk measurement, Value-at-Risk, market liquidity risk, overview

6.

Private Equity Funds and Hedge Funds: A Primer

CEFS Working Paper No. 2005-03
Number of pages: 17 Posted: 21 Mar 2008 Last Revised: 13 Aug 2008
Ann‐Kristin Achleitner and Christoph Kaserer
Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 2,486 (12,297)
Citation 9

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Private Equity Funds, Hedge Funds

What Drives Private Equity Returns? - Fund Inflows, Skilled GPs, and/or Risk?

Number of pages: 38 Posted: 10 Mar 2007
Christoph Kaserer and Christian Diller
Technische Universität München (TUM) and affiliation not provided to SSRN
Downloads 1,418 (29,137)
Citation 2

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Private equity funds, performance, venture capital, buyout

What Drives Private Equity Returns? - Fund Inflows, Skilled Gps, And/Or Risk?

CEFS Working Paper No. 2004-2
Number of pages: 35 Posted: 15 Sep 2004 Last Revised: 13 Feb 2009
Christoph Kaserer and Christian Diller
Technische Universität München (TUM) and affiliation not provided to SSRN
Downloads 1,023 (46,892)
Citation 5

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Private equity funds, venture capital, financing, WLS, bootstrapping

What Drives Private Equity Returns? - Fund Inflows, Skilled GPs, and/or Risk?

European Financial Management Journal, Forthcoming
Posted: 04 Mar 2008
Christoph Kaserer and Christian Diller
Technische Universität München (TUM) and affiliation not provided to SSRN

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Private equity funds, performance, venture capital, buyout

8.

Does Contingent Capital Induce Excessive Risk-Taking?

Journal of Financial Intermediation, Forthcoming
Number of pages: 55 Posted: 17 Nov 2010 Last Revised: 11 Feb 2015
Tobias Berg and Christoph Kaserer
Goethe University Frankfurt and Technische Universität München (TUM)
Downloads 1,719 (22,171)
Citation 35

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Contingent capital, banking regulation, risk-taking incentives, asset substitution, debt overhang, credit crunch

9.

Why and How to Integrate Liquidity Risk into a VaR-Framework

International Review of Finance, 2010 , CEFS Working Paper No. 2008-10
Number of pages: 38 Posted: 31 Oct 2008 Last Revised: 22 Jun 2016
Sebastian Stange and Christoph Kaserer
Technische Universität München (TUM) - Chair of Business and International Financial Management and Technische Universität München (TUM)
Downloads 1,580 (25,252)

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Asset liquidity, price impact, weighted spread, Xetra Liquidity Measure (XLM), Value-at-Risk, market liquidity risk

10.

Private Equity Funds: Valuation, Systematic Risk and Illiquidity

Number of pages: 61 Posted: 06 Mar 2008 Last Revised: 15 Jan 2015
Axel Buchner, Christoph Kaserer and Niklas Wagner
ESCP Business School, Technische Universität München (TUM) and Passau University
Downloads 1,541 (26,243)
Citation 3

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private equity, venture capital, buyout, fund life cycle, equilibrium fund values, illiquidity and expected returns, time-varying systematic risk

11.

Did UEFA’s Financial Fair Play Harm Competition in European Football Leagues?

Review of Managerial Science, Forthcoming
Number of pages: 40 Posted: 07 Apr 2016 Last Revised: 05 Jul 2017
Stephan Birkhäuser, Christoph Kaserer and Daniel Urban
Independent, Technische Universität München (TUM) and Erasmus University Rotterdam (EUR) - Department of Business Economics
Downloads 1,534 (26,431)
Citation 5

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Football, competition, investors, inequality, fair play

12.

International Financial Reporting Standards and Earnings Quality: The Myth of Voluntary vs. Mandatory Adoption

CEFS Working Paper No. 2009-09
Number of pages: 44 Posted: 03 Jun 2009 Last Revised: 05 Oct 2010
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,378 (30,946)
Citation 13

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IAS regulation, IFRS, corporate ownership structures, insider ownership, incentives, earnings quality

13.

Capital Structure Decisions in Family Firms - Empirical Evidence from a Bank-Based Economy

European Finance Association (EFA), EFA 2009 Bergen Meetings, Review of Managerial Science, Forthcoming
Number of pages: 33 Posted: 23 Mar 2009 Last Revised: 21 Feb 2013
Technische Universität München - Center for Entrepreneurial and Financial Studies, The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 1,371 (31,198)
Citation 14

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family firms, capital structure, leverage, agency conflicts

14.

Listed Family Firms in Germany (German)

Number of pages: 107 Posted: 20 Oct 2009
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München, TUM Business School, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,213 (37,219)
Citation 3

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family firms, Germany, performance

15.

Family Firms, Agency Costs and Risk Aversion - Empirical Evidence from Diversification and Hedging Decisions

CEFS Working Paper No. 2008-13
Number of pages: 34 Posted: 11 Dec 2008 Last Revised: 03 Jun 2009
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,161 (39,746)
Citation 12

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Family firms, family ownership, family management, risk management, risk aversion, agency costs, diversification, derivatives, hedging, corporate governance

16.

Net Asset Value Discounts in Listed Private Equity Funds

CEFS Working Paper No. 2009-12
Number of pages: 59 Posted: 26 Oct 2009 Last Revised: 29 Nov 2010
Henry Lahr and Christoph Kaserer
The Open University - Business School and Technische Universität München (TUM)
Downloads 1,134 (41,188)
Citation 5

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Listed Private Equity, Private Equity, Venture Capital, Closed-end Fund Discount, Net Asset Value, Book-to-Market Ratio

17.

Estimating Equity Premia from CDS Spreads

EFA 2009 Bergen Meetings Paper
Number of pages: 30 Posted: 16 Oct 2007 Last Revised: 22 Jun 2016
Christoph Kaserer and Tobias Berg
Technische Universität München (TUM) and Goethe University Frankfurt
Downloads 1,058 (45,405)
Citation 2

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credit risk premim, equity premium, market sharpe ratio, credit risk, structural models of default

18.

Insider Ownership and Corporate Performance - Evidence from Germany

CEFS Working Paper No. 1/2005
Number of pages: 38 Posted: 11 Mar 2007
Christoph Kaserer and Ben Moldenhauer
Technische Universität München (TUM) and Munich University of Technology
Downloads 1,047 (46,093)
Citation 4

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Ownership Structure, Shareholder Structure, Insider Ownership, Firm Performance, Corporate Governance, Agency Costs

19.

Die Kapitalmarktfähigkeit von Familienunternehmen - Unternehmensfinanzierung über Schuldschein, Anleihe und Börsengang (Capital Market Financing of Family Firms)

Number of pages: 193 Posted: 26 Mar 2011
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 986 (50,189)
Citation 3

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Family Firms, Capital Markets, Bonds, IPO, Corporate Finance, Germany, Familienunternehmen, Kapitalmarkt, Anleihe, Schuldschein, Börsengang, Unternehmensfinanzierung

20.

Market Liquidity in the Financial Crisis: The Role of Liquidity Commonality and Flight-to-Quality

Number of pages: 36 Posted: 03 Jan 2012 Last Revised: 11 Sep 2012
Christoph G. Rösch and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 925 (54,813)
Citation 6

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financial crisis, market decline, liquidity costs, asset liquidity, market liquidity, price impact, weighted spread, Xetra liquidity measure (XLM), liquidity commonality, flight-to-quality, flight-to-liquidity, rating, credit risk, crisis

21.

A New Look at the Fama-French Model: Evidence Based on Expected Returns

Number of pages: 42 Posted: 11 Jun 2012 Last Revised: 28 Mar 2014
Matthias X. Hanauer, Christoph Jäckel and Christoph Kaserer
Technische Universität München (TUM), Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 917 (55,556)
Citation 2

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Expected returns, implied cost of capital, asset pricing, Fama-French three-factor model

22.

Accounting for Non-Normality in Liquidity Risk

The Journal of Risk, Volume 14, Number 3, Spring 2012, pp. 3-21, CEFS Working Paper No. 2008-14
Number of pages: 20 Posted: 16 Dec 2008 Last Revised: 09 Apr 2012
Cornelia Ernst, Sebastian Stange and Christoph Kaserer
Technische Universität München (TUM) - Chair of Business and International Financial Management, Technische Universität München (TUM) - Chair of Business and International Financial Management and Technische Universität München (TUM)
Downloads 835 (63,103)
Citation 6

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Asset liquidity, liquidity cost, market liquidity risk, non-normality, modified Value-at-Risk, Cornish-Fisher expansion

23.

Simulation-Based Valuation of Project Finance - Does Model Complexity Really Matter?

CEFS Working Paper No. 2010-3
Number of pages: 23 Posted: 23 Apr 2010 Last Revised: 29 Sep 2011
Florian Weber, Thomas Schmid, Matthäus Pietz and Christoph Kaserer
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 818 (64,944)
Citation 2

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Project Finance, Investment Valuation, Stochastic Modeling, Monte Carlo Simulation, Forecasting, Model Complexity

24.

Stock Price Effects Associated with Index Replacements in Germany

Number of pages: 27 Posted: 23 Mar 2001
Claus Deininger, Christoph Kaserer and Stephanie Roos
University of Würzburg - Business Administration & Economics, Technische Universität München (TUM) and University of Würzburg - Business Administration & Economics
Downloads 818 (64,843)
Citation 10

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25.

Return Attribution in Mid-Market Buy-Out Transactions – New Evidence from Europe

Number of pages: 48 Posted: 19 Oct 2011
Christoph Kaserer
Technische Universität München (TUM)
Downloads 811 (65,602)
Citation 6

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earnings enhancement, leveraged buy-out, leverage effect, multiple enhancement, private equity, return decomposition

26.

Executive Pay, Free Float, and Firm Performance: Evidence from Germany

CEFS Working Paper No. 6
Number of pages: 22 Posted: 29 Mar 2005
Christoph Kaserer and Niklas Wagner
Technische Universität München (TUM) and Passau University
Downloads 810 (65,724)
Citation 4

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Executive pay, free float, corporate control

27.

Das Fama-French Modell und seine Nachfahren: Welche Erkenntnisse verbergen sich im Rauschen von Daten und Methoden? (The Fama-French Model and its Successors: What Insights can be Gained Behind the Noise of Data and Methods?)

Number of pages: 46 Posted: 11 May 2015
Matthias X. Hanauer, Christoph Jäckel and Christoph Kaserer
Technische Universität München (TUM), Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 772 (70,027)

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Expected returns, implied cost of capital, Fama-French three-factor model, Fama-French five-factor model

28.

The Impact of Order Size on Stock Liquidity - A Representative Study

CEFS Working Paper No. 2008-9
Number of pages: 41 Posted: 31 Oct 2008 Last Revised: 21 Dec 2008
Sebastian Stange and Christoph Kaserer
Technische Universität München (TUM) - Chair of Business and International Financial Management and Technische Universität München (TUM)
Downloads 696 (80,105)
Citation 9

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Asset liquidity, liquidity cost, price impact, weighted spread, Xetra liquidity measure (XLM)

29.

Private Equity in Financial Institutions: Value Creation and Performance

Number of pages: 53 Posted: 16 Nov 2009
Christian Graf, Christoph Kaserer and Daniel Schmidt
Technische Universität München (TUM), Technische Universität München (TUM) and University of Frankfurt, CEPRES Center of Private Equity Research
Downloads 682 (82,193)
Citation 1

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Private equity, leveraged buyout, value creation, performance, financial institutions

30.

Restricting Interest Deductions in Corporate Tax Systems: Its Impact on Investment Decisions and Capital Markets

Number of pages: 36 Posted: 08 May 2008
Christoph Kaserer
Technische Universität München (TUM)
Downloads 671 (83,904)
Citation 1

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Interest stripping rule, thin capitalization rule, corporate tax system

31.

Corporate Governance and Payout Policy: Do Founding Families Have a Special 'Taste for Dividends'?

CEFS Working Paper
Number of pages: 29 Posted: 18 Feb 2010 Last Revised: 24 Oct 2012
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 660 (85,705)
Citation 6

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Dividend policy, share repurchases, payout policy, family firms

32.

DAXplus Family – Primer on a Family Firm Stock Index in Germany (DAXplus Family – Ein Aktienindex zur Darstellung der Performance von Familienunternehmen) (German)

Center for Entrepreneurial and Financial Studies Working Paper No. 2010-05
Number of pages: 22 Posted: 31 Jul 2010 Last Revised: 19 Aug 2010
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München, TUM Business School and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 621 (92,654)
Citation 1

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Family Firm, Style Index, Ownership Structure, Corporate Governance

33.

Ownership Concentration, Blockholder Types and Stock Market Liquidity

Number of pages: 41 Posted: 14 Feb 2011
Christoph G. Rösch and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 510 (118,635)
Citation 1

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Liquidity Costs, Asset Liquidity, Market Liquidity, Price Impact, Weighted Spread, Xetra Liquidity Measure (XLM), Ownership Concentration, Blockholders, Insider Ownership, Information Asymmetry

34.

Lifting the Veil of Accounting Information Under Different Accounting Standards - Lessons Learned from the German Experiment

CEFS Working Paper No. 1/2006
Number of pages: 35 Posted: 23 Mar 2006
Carmen V. B. Adamek and Christoph Kaserer
Technische Universität München and Technische Universität München (TUM)
Downloads 505 (120,046)

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accrual anomaly, earnings persistency, conservative accounting, true and fair view accounting, accounting standards, accounting regulation, empirical accounting research, German GAAP, IFRS/IAS, US-GAAP

35.

External Financing Costs and Economies of Scale in Investment Banking - the Case of Seasoned Equity Offerings in Germany

Number of pages: 37 Posted: 16 Aug 2000
Christoph Kaserer and Thomas Bühner
Technische Universität München (TUM) and University of Fribourg - Business Administration
Downloads 442 (140,919)

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Flotation, Raising Capital, Equity Financing, Seasoned Equity Offerings, Investment Banking, Underwriting Fees, Economies Of Scale, Cross-Section Analysis

36.

The Cost of Raising Capital and Issue Size Effects - the Case of Initial Public Offerings in Germany

Number of pages: 34 Posted: 16 Aug 2000
Christoph Kaserer and Marcus Kraft
Technische Universität München (TUM) and DIT Investment Trust
Downloads 442 (140,919)

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37.

Entrepreneurship Education in German Speaking Europe - A Mapping

CEFS Working Paper No. 2007-01
Number of pages: 18 Posted: 23 Apr 2008 Last Revised: 09 Oct 2008
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München - Center for Entrepreneurial and Financial Studies and GV Partners
Downloads 427 (146,630)
Citation 6

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Education, Entrepreneurship, Entrepreneurship Education

38.

Mispricing Decomposition and Global Mispricing Index

Number of pages: 54 Posted: 19 Jan 2023 Last Revised: 22 Apr 2025
Vitor Azevedo, Minghui Chen, Christoph Kaserer and Sebastian Müller
Department of Financial Management - RPTU Kaiserslautern-Landau, Technische Universität München (TUM) - Department of Financial Management and Capital Markets, Technische Universität München (TUM) and Technische Universität München (TUM) - TUM School of Management
Downloads 407 (155,489)
Citation 1

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Mispricing, stock market anomalies, market efficiency, instrumented principal components analysis (IPCA)

39.

Importance of Spatial Proximity between Venture Capital Investors and Investees in Germany

CEFS Working Paper Series 2009-06
Number of pages: 34 Posted: 23 Mar 2010 Last Revised: 29 Sep 2013
Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 401 (157,606)
Citation 9

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Venture capital, new venture, geographic location, entrepreneurial finance

40.

Investor Sentiment and the Time-varying Sustainability Premium

Journal of Asset Management, Forthcoming
Number of pages: 41 Posted: 09 Jan 2020 Last Revised: 20 Jul 2023
Vitor Azevedo, Christoph Kaserer and Lucila M. S. Campos
Department of Financial Management - RPTU Kaiserslautern-Landau, Technische Universität München (TUM) and Federal University of Santa Catarina (UFSC)
Downloads 385 (164,872)

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sustainability, corporate social responsibility, corporate environmental responsibility, expected returns, financial performance, investor sentiment

41.

The Impact of Managerial Ownership, Monitoring and Accounting Standard Choice on Accrual Mispricing

CEFS Working Paper No. 2009-02
Number of pages: 36 Posted: 30 Jan 2009 Last Revised: 19 May 2009
Bernhard Gegenfurtner, Markus Ampenberger and Christoph Kaserer
Technische Universität München (TUM), Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 385 (164,872)

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Accrual Anomaly, Earnings Quality, Corporate Governance, Managerial Ownership, Capital Market Efficiency, Accounting Standard, Shareholder Monitoring, Creditor Monitoring

42.

Payout Policy, Taxes, and Corporate Insiders: Evidence from the German Tax Reform 2001

Zeitschrift für Betriebswirtschaft, Forthcoming
Number of pages: 34 Posted: 03 Apr 2011 Last Revised: 29 Nov 2011
Christoph Kaserer, Marc Steffen Rapp and Oliver Trinchera
Technische Universität München (TUM), University of Marburg - School of Business & Economics and Technische Universität München
Downloads 355 (180,478)

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corporate governance, clientele effect, dividend policy, ownership structure, payout policy, share repurchases, taxes, tax reform

43.

Tax Driven One-Time Dividends and the Managerial Discretion Hypothesis - New Evidence from Germany

Number of pages: 20 Posted: 08 Jun 2003
Christoph Kaserer, Stephanie Roos and Ekkehard Wenger
Technische Universität München (TUM), University of Würzburg - Business Administration & Economics and University of Wuerzburg
Downloads 353 (181,578)
Citation 1

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44.

Market Effciency Reloaded: Why Insider Trades Do Not Reveal Exploitable Information

Number of pages: 42 Posted: 03 Mar 2008 Last Revised: 13 Feb 2009
Sebastian Dickgiesser and Christoph Kaserer
Technische Universität München and Technische Universität München (TUM)
Downloads 344 (186,812)
Citation 1

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Insider Trading, Directors' Dealings, Arbitrage Risk, Market Efficiency

45.

Corporate Restructuring and Creditor Power: Evidence from European Insolvency Law Reforms

Journal of Banking and Finance, Forthcoming
Number of pages: 59 Posted: 02 Mar 2021 Last Revised: 08 Jan 2023
Technical University of Munich, Technische Universität München (TUM), Department of Financial Management and Capital Markets, Students, Technische Universität München (TUM) and Erasmus University Rotterdam (EUR) - Department of Business Economics
Downloads 330 (195,284)

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law, finance, bankruptcy, insolvency, restructuring, cost of debt

46.

The German Entrepreneurial Index (GEX®) - A Primer on an Ownership-Based Style Index in Germany

CEFS Working Paper No. 2009-13
Number of pages: 36 Posted: 04 Nov 2009 Last Revised: 13 Nov 2009
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 319 (202,534)
Citation 3

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insider ownership, style index, ownership structure, corporate governance

The Cost of Raising Capital - New Evidence from Seasoned Equity Offerings in Switzerland

Number of pages: 21 Posted: 18 May 2004
Christoph Kaserer and Fabian Steiner
Technische Universität München (TUM) and Independent
Downloads 305 (210,957)

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flotation costs, raising capital, equity financing, seasoned equity offerings, investment banking, underwriting fees, economies of scale, cross-section analysis

The Cost of Raising Capital - New Evidence from Seasoned Equity Offerings in Switzerland

Financial Markets and Portfolio Management, Vol. 18, No. 1, pp. 24-38, 2004
Posted: 12 Sep 2005
Christoph Kaserer and Fabian Steiner
Technische Universität München (TUM) and Independent

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48.

Measuring Systemic Risk and Assessing Systemic Importance in Global and Regional Financial Markets using the ESS-Indicator

Number of pages: 116 Posted: 08 Aug 2011 Last Revised: 30 Jan 2012
Wolfgang Lahmann and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 277 (235,142)
Citation 4

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Systemic risk, global financial sector, systemically important financial institutions (SIFIs), expected systemic shortfall (ESS) indicator, too big to fail, financial crisis, European sovereign debt (Euro) crisis

49.

Market Liquidity: Does Insider Trading Matter?

Number of pages: 50 Posted: 15 Jul 2011 Last Revised: 15 Jan 2012
Christoph G. Rösch and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 276 (236,011)
Citation 1

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Liquidity costs, asset liquidity, market liquidity, price impact, weighted spread, Xetra liquidity measure (XLM), insider trading, information asymmetry

The EU Prospectus Regulation and its Impact on SME Listings

Number of pages: 48 Posted: 03 Apr 2023
Christoph Kaserer and Victoria Treßel
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 188 (341,299)

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IPOs, Prospectus Regulation, SME growth markets, EU growth prospectus, flotation costs

The EU Prospectus Regulation and its Impact on SME Listings

Number of pages: 58 Posted: 02 Oct 2023 Last Revised: 13 Jun 2024
Victoria Treßel and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 86 (634,333)
Citation 1

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IPOs, Prospectus Regulation, SME growth markets, EU growth prospectus, flotation costs

51.

The ESS-Indicator: A New Measure of Systemic Risk Applied to the European Financial Sector

Number of pages: 37 Posted: 13 Apr 2011 Last Revised: 30 Jan 2012
Wolfgang Lahmann and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 272 (239,613)

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Systemic Risk, European Financial Sector, Systemically Important Financial Institutions, Expected Systemic Shortfall Indicator, Too Big To Fail

52.

The Impact of the Sarbanes-Oxley Act on the Cost of Going Public

BuR Business Research Journal, Vol. 4, No. 2, pp. 125-147, December 2011
Number of pages: 23 Posted: 03 Jan 2012
Christoph Kaserer, Alfred Mettler and Stefan Obernberger
Technische Universität München (TUM), Swiss Finance Institute and Erasmus University Rotterdam - Erasmus School of Economics
Downloads 215 (302,002)

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asymmetric information, auditing and legal fees, bookbuilding, IPO, flotation cost, going public, partial adjustment phenomenon, propensity score matching, selection bias, SOX, underpricing, underwriting fees

53.

Blockholder Power, Shareholder Conflicts and Legal Protection: Evidence from Tax Preferences and Payout Decisions

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 66 Posted: 18 Mar 2012 Last Revised: 29 Aug 2014
Christoph Kaserer, Marc Steffen Rapp and Oliver Trinchera
Technische Universität München (TUM), University of Marburg - School of Business & Economics and Technische Universität München
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Corporate Governance, Shareholder Protection, Ownership structure, Payout Policy, Taxes

54.

About the (Non)Linearity in Inflation Hedging

Number of pages: 37 Posted: 10 Aug 2011 Last Revised: 04 Jun 2012
Christoph Kaserer and Maximilian G. Roedel
Technische Universität München (TUM) and Technische Universität München (TUM) - Department of Financial Management and Capital Markets
Downloads 173 (368,719)

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asset management, inflation hedging, Fisher hypothesis

55.

Debt and Asset Maturity - Do Companies Match, and If So, Why?

Number of pages: 47 Posted: 08 Mar 2018
Technische Universität München (TUM), Technische Universität München (TUM) - Department of Financial Management and Capital MarketsTechnische Universität München (TUM), Students and Technische Universität München (TUM)
Downloads 167 (380,335)

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Debt Maturity, Capital Structure, Debt Issuance, Maturity Matching

56.

Extracting Convenience Yield Free Short-Term Interest Rates from Equity Derivatives

Number of pages: 51 Posted: 06 Apr 2021
Uwe Geck and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 137 (447,994)
Citation 1

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Money market rates, Euribor, Equity derivatives, Term structure, Nelson Siegel Svensson curves, Convenience yield, Repo rates

57.

Equity Funds and Derivatives: Evidence from Linked Fund-Trade Data

ESMA Working Paper, No. 2, 2021
Number of pages: 51 Posted: 18 Feb 2021
Owen Graduate School of Management at Vanderbilt University, European Securities and Markets Authority (ESMA), Goethe University Frankfurt Faculty of Economics and Business AdministrationEuropean Securities and Markets Authority (ESMA), Technische Universität München (TUM) and Technische Universität München (TUM)
Downloads 133 (458,930)

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UCITS funds, derivatives trading, fund families, flows, risks

58.

Estimating the Market Risk Premium for Valuations: Arithmetic or Geometric Mean or Something In Between?

Christoph Kaserer, Journal of Business Economics, 2022, 10.1007/s11573-022-01104-w
Number of pages: 43 Posted: 20 Sep 2022
Christoph Kaserer
Technische Universität München (TUM)
Downloads 81 (649,242)

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Market risk premium, Arithmetic mean, Geometric mean, Mean reversion, Heteroskedasticity, Global CAPM

59.

Real Earnings Management and Accrual-Based Earnings Management in Family Firms

European Accounting Review Forthcoming
Posted: 23 Jan 2014 Last Revised: 31 Jan 2021
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München (TUM) and China Europe International Business School - Accounting & Finance Department

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family firms, accrual-based earnings management, real earnings management, Germany

60.

Family Firms and R&D Behavior - New Evidence from a Large-Scale Survey

Research Policy, Forthcoming
Posted: 26 Sep 2013
The University of Hong Kong - Faculty of Business and Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)

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family firms, family control & management, R&D intensity, opacity

61.

Is Infrastructure Really Low Risk? An Empirical Analysis of Listed Infrastructure Firms

Published as "The risk profile of infrastructure investments - Challenging conventional wisdom" in Journal of Structured Finance, Summer 2012
Posted: 20 Apr 2011 Last Revised: 06 Jun 2012
Christoph Rothballer and Christoph Kaserer
Technische Universität München (TUM) and Technische Universität München (TUM)

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corporate risk, market risk, idiosyncratic risk, infrastructure investments

62.

The Time-Varying Risk of Listed Private Equity

Journal of Financial Transformation, Vol. 28, pp. 87-93, 2010
Posted: 27 Apr 2010
Christoph Kaserer, Henry Lahr, Valentin Liebhart and Alfred Mettler
Technische Universität München (TUM), The Open University - Business School, affiliation not provided to SSRN and Swiss Finance Institute

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Listed private equity, venture capital, time-varying risk, systematic risk

63.

The Causes of Ipo-Underpricing in the German Capital Market

ZEITSCHRIFT FUER BANKWIRTSCHAFT UND BANKRECHT, 1995
Posted: 14 Nov 2000
Christoph Kaserer and Volker Kempf
Technische Universität München (TUM) and affiliation not provided to SSRN

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64.

German Banks and Corporate Governance - a Critical View

Posted: 12 Sep 1997
Christoph Kaserer and Ekkehard Wenger
Technische Universität München (TUM) and University of Wuerzburg

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