Ann‐Kristin Achleitner

Technische Universität München - Center for Entrepreneurial and Financial Studies

Full Professor

Arcisstr. 21

Munich, D-80290

Germany

SCHOLARLY PAPERS

74

DOWNLOADS
Rank 1,057

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Top 1,057

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48,269

TOTAL CITATIONS
Rank 11,827

SSRN RANKINGS

Top 11,827

in Total Papers Citations

208

Scholarly Papers (74)

1.

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 2,484 (12,167)
Citation 8

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Private Equity Funds, Hedge Funds

2.

Economic Consequences of Private Equity Investments on the German Stock Market

Number of pages: 41 Posted: 23 Jan 2008 Last Revised: 30 Jan 2009
Ann‐Kristin Achleitner, Christian Andres, André Betzer and Charlie Weir
Technische Universität München - Center for Entrepreneurial and Financial Studies, WHU - Otto Beisheim School of Management, University of Wuppertal - Schumpeter School of Business and Economics and Robert Gordon University - Aberdeen Business School
Downloads 2,410 (12,798)
Citation 8

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Private Equity, Corporate Governance, Agency Theory, Event Study

3.

An Integrative Framework for Reporting in Social Entrepreneurship

Number of pages: 22 Posted: 10 Jan 2009 Last Revised: 15 Jun 2009
Ann‐Kristin Achleitner, Alexander Bassen and Barbara Roder
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Hamburg and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 2,272 (14,074)
Citation 6

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Social entrepreneurship, reporting, impact value chain, St. Gallen Management Model, social impact measurement

4.

Social Entrepreneurship and Venture Philanthropy in Germany (Social Entrepreneurship und Venture Philanthropie - Erste Ansaetze in Deutschland)

Erschienen in: Management am Puls der Zeit, Festschrift für Univ. Prof. Dr. Dr. h.c. mult. Horst Wildemann, Band 1: Unternehmensführung, hrsg. von I. Hausladen, München 2007, S. 57-70.
Number of pages: 12 Posted: 02 Jul 2008 Last Revised: 30 Sep 2008
Ann‐Kristin Achleitner
Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,969 (17,691)

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Venture Capital, Venture Philanthropy, Venture Capital

5.

Equipment as a Service: The Transition Towards Usage-Based Business Models

Number of pages: 57 Posted: 09 Mar 2021 Last Revised: 29 Dec 2022
Isabella Stojkovski, Ann‐Kristin Achleitner and Thomas Lange
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and acatech - DEUTSCHE AKADEMIE DER TECHNIKWISSENSCHAFTEN
Downloads 1,770 (20,925)
Citation 13

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Equipment as a service (EaaS), usage-based business models, industrial subscription, pay-per-use, business model innovation, Business Model Canvas, Business Model Innovation Typology

6.

Do Corporate Governance Motives Drive Hedge Funds and Private Equity Activities?

Number of pages: 35 Posted: 04 Nov 2008 Last Revised: 17 Jan 2023
Ann‐Kristin Achleitner, André Betzer and Jasmin Gider
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Wuppertal - Schumpeter School of Business and Economics and Tilburg University - Tilburg University School of Economics and Management
Downloads 1,625 (23,825)
Citation 1

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Private equity, hedge funds, corporate governance

7.

Private Equity in Familienunternehmen (Erfahrungen mit Minderheitsbeteiligungen)

Number of pages: 118 Posted: 08 Apr 2008
Ann‐Kristin Achleitner, Stephanie Schraml and Florian Tappeiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,446 (28,445)
Citation 4

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Private Equity, Familienunternehmen, Minderheitsbeteiligung, Family Firms, Minority Shareholdings

8.

Social Investment Manual: An Introduction for Social Entrepreneurs

Number of pages: 68 Posted: 14 Jul 2011 Last Revised: 07 Sep 2011
Technische Universität München - Center for Entrepreneurial and Financial Studies, Department of Strategy, Organisation & Leadership Danone Chair for Social Business, Schwab Foundation for Social Entrepreneurship, Schwab Foundation for Social Entrepreneurship and European Center for Social Finance
Downloads 1,418 (29,275)
Citation 12

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Social Entrepreneurship, Social Investment

9.

The Governance of Social Enterprises: Managing your Organization for Success

Number of pages: 40 Posted: 11 Mar 2012 Last Revised: 11 Feb 2014
Technische Universität München - Center for Entrepreneurial and Financial Studies, Department of Strategy, Organisation & Leadership Danone Chair for Social Business, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies, Schwab Foundation for Social Entrepreneurship and Schwab Foundation for Social Entrepreneurship
Downloads 1,386 (30,263)
Citation 3

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Social Entrepreneurship, Corporate Governance

10.

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
Nina Günther, Bernhard Gegenfurtner, Christoph Kaserer and Ann‐Kristin Achleitner
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 1,377 (30,570)
Citation 13

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

11.

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
Markus Ampenberger, Thomas Schmid, Ann‐Kristin Achleitner and Christoph Kaserer
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 1,370 (30,777)
Citation 14

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family firms, capital structure, leverage, agency conflicts

12.

Private Equity Minority Investments in Large Family Firms: What Influences the Attitude of Family Firm Owners?

Number of pages: 28 Posted: 11 Nov 2008
Ann‐Kristin Achleitner, Stephanie Schraml and Florian Tappeiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,232 (35,935)
Citation 10

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Private equity, minority investments, family firms, financing, managerial resources

Private Equity Lemons? Evidence on Value Creation in Secondary Buyouts

Number of pages: 42 Posted: 12 Feb 2011 Last Revised: 12 Jan 2012
Ann‐Kristin Achleitner and Christian Figge
Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,229 (35,441)
Citation 8

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secondary buyouts, private equity, value creation

Private Equity Lemons? Evidence on Value Creation in Secondary Buyouts

European Financial Management, Forthcoming
Posted: 12 Jan 2012
Ann‐Kristin Achleitner and Christian Figge
Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies

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secondary buyouts, private equity, value creation

14.

Employment Contribution of Private Equity and Venture Capital in Europe

Number of pages: 44 Posted: 28 Mar 2008
Ann‐Kristin Achleitner and Oliver Kloeckner
Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 1,219 (36,475)
Citation 13

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venture capital, private equity, employment, economic impact

15.

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 1,210 (36,823)
Citation 3

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family firms, Germany, performance

16.

Defining Social Entrepreneurship (Eine Definition von Social Entrepreneurship)

Number of pages: 8 Posted: 22 Nov 2010 Last Revised: 04 Aug 2011
Zeppelin University - Civil Society Center (CiSoC), Zeppelin University - Civil Society Center (CiSoC), affiliation not provided to SSRN, Technische Universität München - Center for Entrepreneurial and Financial Studies, European Center for Social Finance, Technische Universität München - Center for Entrepreneurial and Financial Studies, affiliation not provided to SSRN, affiliation not provided to SSRN, Heidelberg University - Center for Social Investement (CSI) and Heidelberg University - Center for Social Investement (CSI)Phil!omondo
Downloads 1,177 (38,372)
Citation 4

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Social Entrepreneurship, Definition

17.

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
Thomas Schmid, Markus Ampenberger, Christoph Kaserer and Ann‐Kristin Achleitner
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 (39,124)
Citation 12

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

18.

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

Number of pages: 193 Posted: 26 Mar 2011
Ann‐Kristin Achleitner, Christoph Kaserer, Nina Günther and Sarah Volk
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 983 (49,678)
Citation 3

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

19.

Private Equity Acquisitions of Continental European Firms - The Impact of Ownership and Control on the Likelihood of Being Taken Private

European Financial Management, Forthcoming, Best Paper Prize, 7th International Conference on Corporate Governance, Birmingham Business School
Number of pages: 53 Posted: 27 Dec 2008 Last Revised: 05 Aug 2011
Ann‐Kristin Achleitner, André Betzer, Marc Goergen and Bastian Hinterramskogler
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Wuppertal - Schumpeter School of Business and Economics, IE Business School, IE University and Technische Universität München - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 981 (49,889)
Citation 9

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Private equity, going private, continental Europe, ownership

20.

Angels or Demons? Evidence on the Impact of Private Equity Firms on Employment

Zeitschrift für Betriebswirtschaft (ZfB), Special Issue Entrepreneurial Finance, No. 5, pp. 53-81, 2009
Number of pages: 24 Posted: 17 Jun 2009 Last Revised: 21 Jun 2010
Eva Lutz and Ann‐Kristin Achleitner
Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 885 (57,383)

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private equity, employment, industrial relations, entrepreneurial companies, systematic review

21.

Financing Family Firms (Finanzierung von Familienunternehmen - Wie professionell ist die Unternehmensfinanzierung tatsächlich?)

Number of pages: 20 Posted: 09 Apr 2008
Ann‐Kristin Achleitner, Stephanie Schraml and Oliver Kloeckner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 848 (60,872)
Citation 4

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Finanzierung, Familienunternehmen, Kapitalstruktur, financing, family firms, financial management, capital structure

22.

An Introduction to Social Entrepreneurship (Eine Einführung zu Social Entrepreneurship)

Number of pages: 48 Posted: 03 May 2010
Ann‐Kristin Achleitner and Wolfgang Spiess-Knafl
Technische Universität München - Center for Entrepreneurial and Financial Studies and European Center for Social Finance
Downloads 842 (61,496)
Citation 1

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Social Entrepreneurship, Venture Philanthropy, Lecture Notes

23.

Quantitative Valuation of Platform Technology Based Entrepreneurial Ventures

International Journal of Entrepreneurial Venturing, Vol. 1, No. 4, p. 352-366, 2010
Number of pages: 23 Posted: 30 Jan 2008 Last Revised: 01 May 2013
Eva Lutz, Ann‐Kristin Achleitner and Stephanie Schraml
Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 836 (62,084)

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Entrepreneurial venture, platform technology, young venture valuation, quantitative company valuation, intangible assets, intellectual property, commercialization strategies, value extraction

24.

Risk of Private Equity Fund-of-Fund Investments - A Detailed Cash Flow-Based Approach

Number of pages: 32 Posted: 26 Mar 2009
Ann‐Kristin Achleitner, Reiner Braun, Matthias Schaller and Florian Tappeiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, Risk Solution Network AG and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 829 (62,845)
Citation 1

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25.

Structure and Determinants of Financial Covenants in Leveraged Buyouts

Review of Finance, 2011 (First Published Online March 1, 2011)
Number of pages: 53 Posted: 14 Dec 2009 Last Revised: 22 Jul 2011
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, Technische Universität München - Center for Entrepreneurial and Financial Studies (CEFS) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 783 (67,759)
Citation 4

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Financial covenants, leveraged buyouts, financing structure, control rights

26.

New Look: Going Private with Private Equity Support

Journal of Business Strategy, Vol. 31, No. 3, pp. 38-49
Number of pages: 17 Posted: 16 Apr 2008 Last Revised: 21 Jun 2010
Ann‐Kristin Achleitner, Eva Lutz, Kerry Herman and Josh Lerner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance, Harvard Business School and Harvard Business School - Finance Unit
Downloads 688 (80,053)

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Private equity, going private, employment, corporate governance

27.

Follow the Money: How Venture Capital Facilitates Emigration of Firms and Entrepreneurs in Europe

Number of pages: 58 Posted: 09 Jul 2019 Last Revised: 16 Jun 2021
Reiner Braun, Stefan Weik and Ann‐Kristin Achleitner
Technische Universität München (TUM) - TUM School of Management, University of St. Gallen - School of Finance and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 675 (82,233)
Citation 4

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foreign venture capital, exit, international migration

28.

Social Entrepreneurship - An Overview (Social Entrepreneurship - Ein Überblick)

Finanzierung von Sozialunternehmern - Konzepte zur Finanziellen Unterstützung von Social Entrepreneurs, p. 3, 2007
Number of pages: 30 Posted: 17 Apr 2012 Last Revised: 12 May 2012
Ann‐Kristin Achleitner, Peter Heister and Erwin Stahl
Technische Universität München - Center for Entrepreneurial and Financial Studies, affiliation not provided to SSRN and BonVenture Management GmbH
Downloads 666 (83,463)
Citation 2

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Social Entrepreneurship, Social Venture Capital, Venture Philanthropy

29.

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
Thomas Schmid, Markus Ampenberger, Christoph Kaserer and Ann‐Kristin Achleitner
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 (84,443)
Citation 6

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Dividend policy, share repurchases, payout policy, family firms

30.

Private Equity Entities and Conglomerates: What are the Differences?

CEFS Working Paper Series
Number of pages: 48 Posted: 05 Jun 2008
Ann‐Kristin Achleitner and Kay Mueller
Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 642 (87,481)
Citation 1

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Private equity, conglomerates, investment companies

31.

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
Ann‐Kristin Achleitner, Christoph Kaserer, Tobias Kauf and Sarah Volk
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 (91,321)
Citation 1

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Family Firm, Style Index, Ownership Structure, Corporate Governance

32.

The GP-LP Conflict in Private Equity Funds Revisited: The Impact of Fund-Level Considerations on the Divestment Decision

Number of pages: 43 Posted: 06 May 2012
Christian Figge, Oliver Bauer, Reiner Braun and Ann‐Kristin Achleitner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 610 (93,448)
Citation 1

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principal agent conflict, private equity, divestment decision, buyouts

33.

Selected Aspects of Executive Remuneration in Listed Firms: Family vs. Non-Family Firms (Ausgewählte Aspekte der Vorstandsvergütung in Börsennotierten Unternehmen: Familien- vs. Nicht-Familienunternehmen)

Zeitschrift für Corporate Governance, No. 3, 2010
Number of pages: 12 Posted: 09 Feb 2010 Last Revised: 17 Oct 2010
Ann‐Kristin Achleitner, Marc Steffen Rapp, Philipp Schaller and Michael Wolff
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Marburg - School of Business & Economics, Technische Universität München - Center for Entrepreneurial and Financial Studies and University of Göttingen
Downloads 588 (97,871)

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Executive Compensation, Family Firms, Remuneration, Germany

34.

Venture Capital and Private Equity in Germany after Market Consolidation (Beteiligungsfinanzierung nach der Marktkonsolidierung)

Number of pages: 112 Posted: 23 May 2008
Ann‐Kristin Achleitner, Nick Ehrhart and Volker Zimmermann
Technische Universität München - Center for Entrepreneurial and Financial Studies, affiliation not provided to SSRN and Kreditanstalt für Wiederaufbau (KFW)
Downloads 544 (108,142)

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Venture Capital, Private Equity, Germany

35.

Reporting in Social Entrepreneurship

Number of pages: 24 Posted: 25 Oct 2009
Ann‐Kristin Achleitner, Alexander Bassen, Barbara Roder and Wolfgang Spiess-Knafl
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Hamburg, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and European Center for Social Finance
Downloads 510 (116,841)
Citation 3

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social entrepreneurship, reporting, implementation, Germany

36.

Exit of Last Resort? Empirical Evidence on the Returns and Drivers of Secondary Buyouts as Private Equity Exit Channel

Number of pages: 22 Posted: 28 May 2012
Ann‐Kristin Achleitner, Oliver Bauer, Christian Figge and Eva Lutz
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM), Technische Universität München - Center for Entrepreneurial and Financial Studies and Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance
Downloads 494 (121,327)
Citation 1

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private equity, exits, secondary buyouts

37.

Venture Capital Firm Returns from Acquisition Exits

Center for Entrepreneurial and Financial Studies Working Paper No. 2012-01
Number of pages: 44 Posted: 21 Jan 2012
Ann‐Kristin Achleitner, Reiner Braun, Eva Lutz and Uwe Reiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 452 (135,082)
Citation 6

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Acquisition, exit strategy, initial public offering, venture capital, investment performance, IRR, Cash Multiple

38.

Community Development Venture Capital: Concept and Status Quo in Germany

International Journal of Entrepreneurship and Innovation Management (IJEIM), Vol. 9, No. 4/2009, pp. 437-452
Number of pages: 30 Posted: 21 Feb 2008 Last Revised: 01 Nov 2009
Ann‐Kristin Achleitner, Reiner Braun, Marko Bender and Annabell Geidner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 443 (138,428)

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regional development, community development venture capital, regional equity gap

39.

Influence of Internal Factors on the Use of Equity - and Mezzanine-Based Financing in Family Firms

CEFS Working Paper 2009-14
Number of pages: 41 Posted: 14 Dec 2009 Last Revised: 30 Apr 2010
Ann‐Kristin Achleitner, Eva Lutz and Stephanie Schraml
Technische Universität München - Center for Entrepreneurial and Financial Studies, Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 431 (142,928)
Citation 1

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Entrepreneurial finance, family firms, equity, mezzanine, retained earnings, private equity, silent partnership

40.

Venture Capital and Private Equity in Germany: Development of Investment Strategies (Der deutsche Beteiligungsmarkt: Entwicklung des Anbieterverhaltens)

Finanz Betrieb, Vol. 8, No. 9, pp. 538-548
Number of pages: 11 Posted: 30 Apr 2008 Last Revised: 10 Jul 2008
Ann‐Kristin Achleitner, Margarita Tchouvakhina, Volker Zimmermann and Nick Ehrhart
Technische Universität München - Center for Entrepreneurial and Financial Studies, affiliation not provided to SSRN, Kreditanstalt für Wiederaufbau (KFW) and affiliation not provided to SSRN
Downloads 424 (145,533)

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Venture Capital, Private Equity, Germany

41.

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
Ann‐Kristin Achleitner, Christoph Kaserer, Svenja Jarchow and Karen E. Wilson
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 419 (147,630)
Citation 6

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Education, Entrepreneurship, Entrepreneurship Education

42.

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
Eva Lutz, Marko Bender, Ann‐Kristin Achleitner and Christoph Kaserer
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 399 (156,085)
Citation 9

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Venture capital, new venture, geographic location, entrepreneurial finance

43.

Goal Structures in Family Firms: Empirical Evidence on the Relationship between Firm and Family Goals

Number of pages: 28 Posted: 29 May 2009 Last Revised: 06 Dec 2010
Ann‐Kristin Achleitner, Carolin Bock, Reiner Braun, Stephanie Schraml and Juliane Welter
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität Darmstadt, Technische Universität München (TUM) - TUM School of Management, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM)
Downloads 390 (160,145)

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family firms, goal preferences, agency theory, stewardship theory

44.

The Capital Gains Tax: A Curse but also a Blessing For Venture Capital Investment

Center for Entrepreneurial and Financial Studies Working Paper No. 2011-04
Number of pages: 54 Posted: 07 Oct 2011 Last Revised: 22 Oct 2013
Ann‐Kristin Achleitner, Carolin Bock and Martin Watzinger
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität Darmstadt and Ludwig Maximilian University of Munich (LMU)
Downloads 389 (160,582)
Citation 4

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Capital Gains Tax, Venture Capital, Investment

45.

Disentangling Gut Feeling - Assessing the Integrity of Social Entrepreneurs

Number of pages: 36 Posted: 18 Aug 2011 Last Revised: 14 Feb 2012
Ann‐Kristin Achleitner, Eva Lutz, Judith Mayer and Wolfgang Spiess-Knafl
Technische Universität München - Center for Entrepreneurial and Financial Studies, Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies and European Center for Social Finance
Downloads 387 (161,561)

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social entrepreneur, social investor, integrity, conjoint analysis, venture philanthropy

46.

Foundation Ownership and Shareholder Value: An Event Study

Forthcoming Review of Managerial Science
Number of pages: 29 Posted: 05 Jun 2017 Last Revised: 30 Jul 2018
Technische Universität München - Center for Entrepreneurial and Financial Studies, BUW - Schumpeter School of Business and Economics, University of Wuppertal - Schumpeter School of Business and Economics, University of Trier - Faculty of Management and University of Trier - Faculty of Management
Downloads 384 (162,994)

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Blockholders, Event Study, Foundation-Owned Firms, Shareholder Value, Charitable Foundations

47.

Private Equity in Family Firms: An Empirical Analysis of Psychological Aspects in Transaction Decisions (Private Equity in Familienunternehmen: eine empirische Untersuchung zu psychologischen Aspekten der Transaktionsentscheidung)

Finanz Betrieb, Vol. 7, No. 5, pp. 289-295, 2005
Number of pages: 7 Posted: 21 Jul 2008
Ann‐Kristin Achleitner, Angela Poech and Max Burger-Calderon
Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Applied Sciences, Munich and affiliation not provided to SSRN
Downloads 347 (182,226)

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Private equity, Family Firms, Familienunternehmen, prejudices, mediaries, Vorurteile, Psychologie

48.

Venture Capital and Private Equity in Germany: Structural Developments (Der deutsche Beteiligungsmarkt: Entwicklung der Anbieterstruktur)

Finanz Betrieb, Vol. 8, Nos. 7-8, pp. 440-449
Number of pages: 10 Posted: 30 Apr 2008 Last Revised: 10 Jul 2008
Ann‐Kristin Achleitner, Margarita Tchouvakhina, Volker Zimmermann and Nick Ehrhart
Technische Universität München - Center for Entrepreneurial and Financial Studies, affiliation not provided to SSRN, Kreditanstalt für Wiederaufbau (KFW) and affiliation not provided to SSRN
Downloads 327 (194,229)

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Venture Capital, Private Equity, Germany

49.

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
Ann‐Kristin Achleitner, Christoph Kaserer, Markus Ampenberger and Florian Bitsch
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 318 (200,063)
Citation 3

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insider ownership, style index, ownership structure, corporate governance

50.

University Venture Capital – The Promise and Pitfalls of University Direct Investments

Number of pages: 37 Posted: 17 Mar 2022
Maximilian Kremer, Ann‐Kristin Achleitner and Reiner Braun
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - TUM School of Management
Downloads 317 (200,731)
Citation 3

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Venture Capital, University Investors, University Spin-offs, University Technology Transfer

51.

The Contribution of Private Equity and Venture Capital to Employment in Europe (Der Beitrag Von Private Equity Und Venture Capital Zur Beschäftigung in Europa)

Finanz Betrieb, Vol. 8, No. 3, pp. 140-147, 2006
Number of pages: 7 Posted: 23 Apr 2008 Last Revised: 10 Jul 2008
Ann‐Kristin Achleitner, Annabell Geidner and Oliver Kloeckner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 316 (201,421)

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52.

German Private Equity Market After the Financial Crisis: Optimistic Outlook yet Increasingly Excess Demand for Growth Capital (German)

Number of pages: 97 Posted: 26 Nov 2010 Last Revised: 10 Dec 2010
Technische Universität München - Center for Entrepreneurial and Financial Studies, ZEW – Leibniz Centre for European Economic Research - Industrial Economics and International Management ResearchKfW Bankengruppe, Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and affiliation not provided to SSRN
Downloads 312 (204,197)

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Private Equity, Venture Capital, Germany

53.

The Performance of Venture Capital Investments: Do Investors Overreact?

Center for Entrepreneurial and Financial Studies Working Paper No. 2012-02
Number of pages: 46 Posted: 03 Apr 2012
Ann‐Kristin Achleitner, Nico Engel and Uwe Reiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 261 (245,818)

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venture capital, performance, overreaction, market volatility, IRR, Cash Multiple

54.

Research, Innovation and Technological Performance in Germany

EFI Report
Number of pages: 117 Posted: 03 Sep 2008
Technische Universität München - Center for Entrepreneurial and Financial Studies, Wissenschaftszentrum Berlin für Sozialforschung (WZB) - Social Science Research Center Berlin, Fraunhofer Institute for Systems and Innovation Research (ISI)Karlsruhe University - KIT, Max Planck Institute for Innovation and Competition, National University of Singapore (NUS) - Solar Energy Research Institute of Singapore (SERIS), Maastricht University - Department of Economics, Fraunhofer Institut für Systemtechnik und Innovationsforschung and Technische Universität Berlin (TU Berlin)
Downloads 237 (270,469)

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Public policy, Research, Innovation

55.

Innovationskraft in Deutschland verbessern: Ökosystem für Wachstumsfinanzierung stärken (Enhancing Innovation in Germany by Strengthening the Growth Finance Ecosystem)

Achleitner et al.: Innovationskraft in Deutschland verbessern: Ökosystem für Wachstumsfinanzierung stärken (acatech STUDIE), München 2019 http://www.acatech.de/
Number of pages: 42 Posted: 02 Dec 2019
Ann‐Kristin Achleitner, Reiner Braun, Jan Henning Behrens and Thomas Lange
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, acatech - DEUTSCHE AKADEMIE DER TECHNIKWISSENSCHAFTEN and acatech - DEUTSCHE AKADEMIE DER TECHNIKWISSENSCHAFTEN
Downloads 198 (320,906)

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Wagniskapital, Wachstumsfinanzierung, Innovation, Künstliche Intelligenz, Wachstumsunternehmen

56.

Research, Innovation and Technological Performance in Germany (Report 2009)

EFI Report 2009
Number of pages: 140 Posted: 07 Jul 2009
Technische Universität München - Center for Entrepreneurial and Financial Studies, Wissenschaftszentrum Berlin für Sozialforschung (WZB) - Social Science Research Center Berlin, Fraunhofer Institute for Systems and Innovation Research (ISI)Karlsruhe University - KIT, Max Planck Institute for Innovation and Competition, University of Strasbourg, National University of Singapore (NUS) - Solar Energy Research Institute of Singapore (SERIS), Technische Universität Berlin (TU Berlin), Fraunhofer Institut für Systemtechnik und Innovationsforschung, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 166 (375,801)
Citation 1

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Public policy, Research, Innovation

57.

Put Your Money Where Your Heart is – Investor Orientations and Endowment Portfolio Investments in German Foundations

Number of pages: 39 Posted: 01 Jun 2021 Last Revised: 22 Feb 2022
Maximilian Kremer and Ann‐Kristin Achleitner
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS) and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 165 (377,813)
Citation 2

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Charitable Foundations, Endowments, Investor Orientation, Entrepreneurial Orientation, Commercial Investing, Mission-Related Investing

58.

Fishing Among Sharks – GP-LP Investment Syndication in Later-stage Venture Capital

Number of pages: 41 Posted: 02 Mar 2021
Ann‐Kristin Achleitner, Reiner Braun and Henry Keppler
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 149 (411,746)

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Venture capital, Syndication, Agency theory

59.

Enhancing Innovation in Germany by Strengthening the Growth Finance Ecosystem

acatech publication (acatech STUDY), 2019
Number of pages: 40 Posted: 11 Oct 2019 Last Revised: 05 Nov 2019
Ann‐Kristin Achleitner, Reiner Braun, Jan Henning Behrens and Thomas Lange
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, acatech - DEUTSCHE AKADEMIE DER TECHNIKWISSENSCHAFTEN and acatech - DEUTSCHE AKADEMIE DER TECHNIKWISSENSCHAFTEN
Downloads 147 (416,222)

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venture capital, growth financing, enhancing innovation, artificial antelligence, growth companies

60.

Research, Innovation and Technological Performance in Germany (Report 2010)

EFI Report, 2010
Number of pages: 160 Posted: 13 Sep 2010 Last Revised: 02 Jul 2014
Technische Universität München - Center for Entrepreneurial and Financial Studies, Wissenschaftszentrum Berlin für Sozialforschung (WZB) - Social Science Research Center Berlin, University of Hohenheim, Max Planck Institute for Innovation and Competition, National University of Singapore (NUS) - Solar Energy Research Institute of Singapore (SERIS) and BETA - University of Strasbourg
Downloads 135 (445,249)

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Public Policy, Research, Innovation

61.

Doing Well by Doing Good? – Venture Capital Mission Investments by Charitable Nonprofit Foundations and University Endowments

Number of pages: 38 Posted: 17 Mar 2022
Maximilian Kremer, Ann‐Kristin Achleitner and Reiner Braun
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - TUM School of Management
Downloads 131 (456,136)

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Venture capital performance, Institutional investors, Impact investing, Mission-related investments

62.

Foreign Direct Investments in the German Stock Market From China and the Gulf States

Forthcoming Credit and Capital Markets (CCM)
Number of pages: 27 Posted: 10 Mar 2021 Last Revised: 29 Jul 2021
Ann‐Kristin Achleitner, Dmitry Bazhutov, André Betzer and Henry Keppler
Technische Universität München - Center for Entrepreneurial and Financial Studies, BUW - Schumpeter School of Business and Economics, University of Wuppertal - Schumpeter School of Business and Economics and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 107 (531,978)

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China, Gulf States, Corporate Governance, Foreign Direct Investments

63.

Research, Innovation and Technological Performance in Germany (Report 2011)

Number of pages: 192 Posted: 09 Mar 2011
Technische Universität München - Center for Entrepreneurial and Financial Studies, Wissenschaftszentrum Berlin für Sozialforschung (WZB) - Social Science Research Center Berlin, University of Hohenheim, Max Planck Institute for Innovation and Competition, National University of Singapore (NUS) - Solar Energy Research Institute of Singapore (SERIS) and BETA - University of Strasbourg
Downloads 78 (649,716)

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Public Policy, Research, Innovation

64.

Family Business and Private Equity: Conflict or Collaboration? The Case of Messer Griesheim

The Journal of Private Equity, Vol. 13, No. 3, pp. 7-20, Summer 2010, https://doi.org/10.3905/jpe.2010.13.3.007
Posted: 21 May 2019
Ann‐Kristin Achleitner, Kerry Herman, Josh Lerner and Eva Lutz
Technische Universität München - Center for Entrepreneurial and Financial Studies, Harvard Business School, Harvard Business School - Finance Unit and Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance

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Private equity, family firm, employment, corporate governance

65.

International Evidence on Value Creation in Private Equity Transactions

Journal of Applied Corporate Finance, 2015, Forthcoming
Posted: 17 Sep 2014 Last Revised: 19 Dec 2015
Benjamin Puche, Reiner Braun and Ann‐Kristin Achleitner
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies

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private equity, value creation drivers, leveraged buyouts

66.

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

European Accounting Review Forthcoming
Posted: 23 Jan 2014 Last Revised: 31 Jan 2021
Ann‐Kristin Achleitner, Nina Guenther, Christoph Kaserer and Gianfranco Siciliano
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

67.

Financial Covenants and Their Restrictiveness in European LBOS – An assessment in the Aftermath of the Financial Crisis

International Journal of Entrepreneurial Venturing, Vol. 4, No. 3, 2012, pp. 214–238
Posted: 21 Jan 2014
Ann‐Kristin Achleitner, Carolin Bock and Florian Tappeiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität Darmstadt and Technische Universität München - Center for Entrepreneurial and Financial Studies

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covenants, financial covenants, agency conflict, debt, leveraged buyout, LBO, financial crisis, private equity, credit, banks, syndicated loans

68.

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

Research Policy, Forthcoming
Posted: 26 Sep 2013
Thomas Schmid, Ann‐Kristin Achleitner, Markus Ampenberger and Christoph Kaserer
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

69.

Drivers of Value Creation in a Secondary Buyout: The Acquisition of Brenntag by BC Partners

Posted: 01 Jun 2012
Ann‐Kristin Achleitner, Christian Figge and Eva Lutz
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance

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Secondary buyouts, Private equity, Value creation

70.

Messer Griesheim (A)

Harvard Business School Entrepreneurial Management Case No. 809-056
Posted: 20 Apr 2012
Josh Lerner, Ann‐Kristin Achleitner, Eva Lutz and Kerry Herman
Harvard Business School - Finance Unit, Technische Universität München - Center for Entrepreneurial and Financial Studies, Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance and Harvard Business School

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71.

Leverage and the Performance of Buyouts: (How) Does the Use of Debt Impact Equity Returns?

Zeitschrift für Betriebswirtschaft (ZfB), Forthcoming
Posted: 10 Jan 2012
Nico Engel, Reiner Braun and Ann‐Kristin Achleitner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies

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private equity, buyout, performance, leverage, debt-equity-arbitrage

72.

Value Creation and Pricing in Buyouts: Empirical Evidence from Europe and North America

Review of Financial Economics, Vol. 20, No. 4, pp. 146-161
Posted: 18 Jan 2011 Last Revised: 20 Dec 2011
Ann‐Kristin Achleitner, Reiner Braun and Nico Engel
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies

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Private Equity, Buyouts, Value Creation, Leverage, Pricing, Multiple Expansion

73.

Value Creation Drivers in Private Equity Buyouts: Empirical Evidence from Europe

The Journal of Private Equity, Spring 2010
Posted: 01 Nov 2009 Last Revised: 02 Mar 2010
Ann‐Kristin Achleitner, Reiner Braun, Nico Engel, Christian Figge and Florian Tappeiner
Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München (TUM) - TUM School of Management, Technische Universität München - Center for Entrepreneurial and Financial Studies, Technische Universität München - Center for Entrepreneurial and Financial Studies and Technische Universität München - Center for Entrepreneurial and Financial Studies

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private equity, leveraged buyouts (LBOs), value creation

74.

First Chicago Method: Alternative Approach to Valuing Innovative Start-Ups in the Context of Venture Capital Financing Rounds (First-Chicago-Methode - Alternativer Ansatz zur Bewertung von innovativen Unternehmensgründungen bei Venture-Capital-Finanzierungen)

Betriebswirtschaftliche Forschung und Praxis (BFuP), Vol. 57, No. 4, pp. 333-347, 2005
Posted: 14 May 2008
Ann‐Kristin Achleitner and Eva Lutz
Technische Universität München - Center for Entrepreneurial and Financial Studies and Heinrich-Heine-Universität Düsseldorf, Endowed Chair in Entrepreneurship/Entrepreneurial Finance

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First Chicago Method, Venture Capital Method, new venture valuation, innovative start-ups, venture capital,