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

22

DOWNLOADS
Rank 7,561

SSRN RANKINGS

Top 7,561

in Total Papers Downloads

4,793

CITATIONS
Rank 33,136

SSRN RANKINGS

Top 33,136

in Total Papers Citations

6

Scholarly Papers (22)

1.

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 546 (33,886)

Abstract:

2.

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 541 (35,112)
Citation 2

Abstract:

Financial covenants, leveraged buyouts, financing structure, control rights

3.

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

Number of pages: 42 Posted: 23 Aug 2013 Last Revised: 21 Dec 2015
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 386 (24,929)
Citation 1

Abstract:

private equity, returns, persistence, portfolio companies

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 Trier, University of Oxford, University of Mannheim and Technische Universität München (TUM) - TUM School of Management
Downloads 379 (61,561)

Abstract:

entrepreneurship, regulatory competition, charter competition, corporate mobility

5.

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 358 (62,536)
Citation 2

Abstract:

regional development, community development venture capital, regional equity gap

6.

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 297 (75,354)

Abstract:

family firms, goal preferences, agency theory, stewardship theory

7.

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

Abstract:

private equity, value creation drivers, leveraged buyouts

8.

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 243 (82,146)

Abstract:

principal agent conflict, private equity, divestment decision, buyouts

9.

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 206 (102,129)

Abstract:

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

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 195 (103,892)
Citation 1

Abstract:

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

11.

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 185 (89,532)

Abstract:

Financial intermediation, private equity, limited partnership, returns

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 116 (120,436)

Abstract:

Private equity, fund return, dry powder, investment behavior

13.

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 107 (198,981)

Abstract:

category combination and reorganization, opportunity recognition, entrepreneurial cognition

14.

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 4 (512,377)

Abstract:

15.

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 0 (334,041)

Abstract:

private equity, buyout, value creation, private equity alpha

16.

Adverse Selection and the Performance of Private Equity Co-Investments

Number of pages: 41 Posted: 19 Nov 2016 Last Revised: 24 May 2017
Technische Universität München (TUM) - TUM School of Management, University of Oxford - Said Business School and Technische Universität München (TUM) - TUM School of Management
Downloads 0 (114,962)

Abstract:

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

17.

Deal Pricing and Returns in Private Equity

Number of pages: 30 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
Downloads 0 (221,538)

Abstract:

18.

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

Abstract:

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

19.

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

Abstract:

Risk Appetite, Equity Volatility, Private Equity

20.

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

Abstract:

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

21.

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:

private equity, leveraged buyouts (LBOs), value creation

22.

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

Abstract:

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