Reiner Braun

Technische Universität München (TUM) - TUM School of Management

Professor of Entrepreneurial Finance

Arcisstr. 21

Munich, Deutschland 80333

Germany

http://www.ef.wi.tum.de/

SCHOLARLY PAPERS

25

DOWNLOADS
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Top 6,696

in Total Papers Downloads

6,197

CITATIONS
Rank 33,000

SSRN RANKINGS

Top 33,000

in Total Papers Citations

6

Scholarly Papers (25)

1.

How Persistent is Private Equity Performance? Evidence from Deal-Level Data

Number of pages: 42 Posted: 23 Aug 2013 Last Revised: 23 Jan 2018
Reiner Braun, Tim Jenkinson and Ingo Stoff
Technische Universität München (TUM) - TUM School of Management, University of Oxford - Said Business School and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies
Downloads 1,086 (17,787)
Citation 1

Abstract:

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private equity, returns, persistence, portfolio companies

2.

Adverse Selection and the Performance of Private Equity Co-Investments

Number of pages: 50 Posted: 19 Nov 2016 Last Revised: 18 Oct 2018
Technische Universität München (TUM) - TUM School of Management, University of Oxford - Said Business School and Technische Universität München (TUM) - TUM School of Management
Downloads 846 (25,744)

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Private equity, financial intermediation, co-investment, adverse selection

3.

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 662 (36,034)
Citation 2

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Financial covenants, leveraged buyouts, financing structure, control rights

4.

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

Number of pages: 32 Posted: 26 Mar 2009
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 639 (37,752)

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Does Charter Competition Foster Entrepreneurship? A Difference-in-Difference Approach to European Company Law Reforms

ECGI - Finance Working Paper No. 308/2011
Number of pages: 40 Posted: 27 Jan 2012
University of Bremen - Faculty of Business Studies and Economics, University of Oxford, University of Mannheim and Technische Universität München (TUM) - TUM School of Management
Downloads 405 (66,617)

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entrepreneurship, regulatory competition, charter competition, corporate mobility

6.

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
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 391 (70,031)
Citation 2

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regional development, community development venture capital, regional equity gap

7.

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
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 329 (85,528)

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family firms, goal preferences, agency theory, stewardship theory

8.

The Limited Partnership Model in Private Equity: Deal Returns over a Fund's Life

Center for Entrepreneurial and Financial Studies Working Paper No. 2014-01
Number of pages: 43 Posted: 19 Mar 2014
Reiner Braun and Maximilian Schmidt
Technische Universität München (TUM) - TUM School of Management and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies (CEFS)
Downloads 327 (86,124)

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Financial intermediation, private equity, limited partnership, returns

9.

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
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 324 (87,015)

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principal agent conflict, private equity, divestment decision, buyouts

10.

In the Eye of the Beholder: How Regulatory Focus and Self-Efficacy Interact in Influencing Opportunity Recognition

Journal of Business Venturing, Forthcoming
Number of pages: 48 Posted: 15 Sep 2011 Last Revised: 21 Mar 2012
Andranik Tumasjan and Reiner Braun
Technische Universität München - TUM School of Management and Technische Universität München (TUM) - TUM School of Management
Downloads 271 (105,652)
Citation 1

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opportunity recognition, regulatory focus theory, creative self-efficacy, entrepreneurial self-efficacy, entrepreneurial cognition

11.

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
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 267 (107,347)

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

12.

The Cost of Private Equity

Number of pages: 39 Posted: 16 Nov 2013
Ingo Stoff and Reiner Braun
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - TUM School of Management
Downloads 246 (116,906)

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Private equity, fund return, dry powder, investment behavior

13.

Value Creation in Private Equity

Number of pages: 7 Posted: 04 Mar 2017
Capital Dynamics AG, Capital Dynamics AG, Technische Universität München (TUM) - TUM School of Management and Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies
Downloads 201 (142,953)

Abstract:

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private equity, buyout, value creation, private equity alpha

14.

Generating New Business Ideas: The Ability of Category Combination and Reorganization

Number of pages: 41 Posted: 28 Jun 2009
Reiner Braun
Technische Universität München (TUM) - TUM School of Management
Downloads 116 (225,401)

Abstract:

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category combination and reorganization, opportunity recognition, entrepreneurial cognition

15.

The Hunter Becomes the Hunted: Non-Financial Aspects of Venture Capitalists’ Attractiveness

Number of pages: 57 Posted: 28 Jun 2017
Sarah Theinert, Reiner Braun and Anna Gerl
Technische Universität München (TUM) - TUM School of Management, Technische Universität München (TUM) - TUM School of Management and Technische Universität München (TUM)
Downloads 47 (376,590)

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Venture capital, resource-based view, agency theory, value add, smart capital

16.

The Levered Returns of Leveraged Buyouts: The Impact of Competition

Number of pages: 42 Posted: 01 Oct 2015 Last Revised: 16 Nov 2017
Reiner Braun, Nicholas Crain and Anna Gerl
Technische Universität München (TUM) - TUM School of Management, University of Melbourne - Department of Finance and Technische Universität München (TUM)
Downloads 34 (424,449)

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Leverage, pricing, returns, competition, agency conflicts, leveraged buyouts

17.

The Evolution of Private Equity Fund Terms Beyond 2 and 20

Journal of Applied Corporate Finance, Vol. 26, Issue 1, pp. 65-75, 2014
Number of pages: 13 Posted: 08 Apr 2014
Ingo Stoff and Reiner Braun
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - TUM School of Management
Downloads 5 (575,830)
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18.

Buyout Transactions in the German‐Speaking Region: Determinants of Abnormal Performance and Unlevered Returns

Journal of Applied Corporate Finance, Vol. 30, Issue 2, pp. 50-64, 2018
Posted: 20 Aug 2018
Fabian Söffge and Reiner Braun
Technische Universität München (TUM) - Entrepreneurial Finance and Technische Universität München (TUM) - TUM School of Management
Downloads 1 (608,508)
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19.

Deal Pricing and Returns in Private Equity

Posted: 09 Jan 2016
Benjamin Puche and Reiner Braun
Technische Universität München (TUM) - Center for Entrepreneurial and Financial Studies and Technische Universität München (TUM) - TUM School of Management

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20.

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
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

21.

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

Zeitschrift für Betriebswirtschaft (ZfB), Forthcoming
Posted: 10 Jan 2012
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

22.

The Risk Appetite of Private Equity Sponsors

Journal of Empirical Finance, Vol. 18, No. 5, pp. 815-832
Posted: 19 Jan 2011 Last Revised: 20 Dec 2011
Reiner Braun, Nico Engel, Peter Hieber and Rudi Zagst
Technische Universität München (TUM) - TUM School of Management, Technische Universität München - Center for Entrepreneurial and Financial Studies, University of Ulm - Department of Mathematics and Economics and Technische Universität München (TUM) - Chair of Mathematical Finance

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Risk Appetite, Equity Volatility, Private Equity

23.

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
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

24.

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
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

Abstract:

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private equity, leveraged buyouts (LBOs), value creation

25.

In the Eye of the Beholder: How Construing Situations Affects Opportunity Recognition

Posted: 31 Mar 2008 Last Revised: 18 Mar 2011
Reiner Braun
Technische Universität München (TUM) - TUM School of Management

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opportunity recognition, entrepreneurship, entrepreneurial cognition, problem solving, problem finding, problem construction