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

30

DOWNLOADS
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SSRN RANKINGS

Top 5,386

in Total Papers Downloads

8,415

SSRN CITATIONS
Rank 16,657

SSRN RANKINGS

Top 16,657

in Total Papers Citations

36

CROSSREF CITATIONS

22

Scholarly Papers (30)

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 1,282 (16,425)
Citation 25

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private equity, returns, persistence, portfolio companies

2.

Adverse Selection and the Performance of Private Equity Co-Investments

Number of pages: 52 Posted: 19 Nov 2016 Last Revised: 15 Dec 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 1,199 (18,160)
Citation 6

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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 689 (40,054)
Citation 3

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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 673 (41,296)
Citation 1

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5.

Distortion or Cash Flow Management? Understanding Credit Facilities in Private Equity Funds

Number of pages: 38 Posted: 12 Aug 2019 Last Revised: 25 Feb 2020
Pierre Schillinger, Reiner Braun and Jeroen Cornel
Technische Universität München (TUM) - TUM School of Management, Technische Universität München (TUM) - TUM School of Management and BlackRock, Inc
Downloads 445 (69,985)
Citation 1

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Private Equity, Leveraged Buyout, Institutional Investors, Subscription Lines of Credit, Fund Debt, Fund Simulation, Returns

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, Freie Universität Berlin, Department of Law and Technische Universität München (TUM) - TUM School of Management
Downloads 423 (73,667)
Citation 4

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entrepreneurship, regulatory competition, charter competition, corporate mobility

7.

Whom to follow: Individual Manager Performance and Persistence in Private Equity Investments

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 31 Posted: 29 Oct 2019
Technische Universität München (TUM) - TUM School of Management, Technische Universität München (TUM), University of Oxford - Said Business School and Erasmus University Rotterdam (EUR) - Department of Business Economics
Downloads 423 (74,329)

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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 413 (76,535)
Citation 3

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Financial intermediation, private equity, limited partnership, returns

9.

Community Development Venture Capital: Concept and Status Quo in Germany

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 399 (79,610)

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regional development, community development venture capital, regional equity gap

10.

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 379 (84,791)
Citation 1

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principal agent conflict, private equity, divestment decision, buyouts

11.

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 362 (89,148)
Citation 2

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private equity, buyout, value creation, private equity alpha

12.

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 340 (95,714)

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family firms, goal preferences, agency theory, stewardship theory

13.

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 303 (108,636)
Citation 4

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

14.

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 294 (112,220)
Citation 1

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

15.

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 276 (120,013)

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Private equity, fund return, dry powder, investment behavior

16.

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

Number of pages: 56 Posted: 09 Jul 2019 Last Revised: 20 Feb 2020
Technische Universität München (TUM) - TUM School of Management, Technische Universität München (TUM) - TUM School of Management and Technische Universität München - Center for Entrepreneurial and Financial Studies
Downloads 146 (216,468)
Citation 3

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foreign venture capital, exit, international migration

17.

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 122 (248,970)

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category combination and reorganization, opportunity recognition, entrepreneurial cognition

18.

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 84 (319,993)
Citation 2

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

19.

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 79 (331,854)

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

20.

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
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 41 (457,717)

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Wagniskapital, Wachstumsfinanzierung, Innovation, Künstliche Intelligenz, Wachstumsunternehmen

21.

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
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 27 (520,048)

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

22.

The Risk Appetite of Private Equity Sponsors

Journal of Empirical Finance, Vol. 18, No. 5, pp. 815-832
Number of pages: 35 Posted: 19 Jan 2011 Last Revised: 25 Aug 2019
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
Downloads 9 (635,432)
Citation 2

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Risk Appetite, Equity Volatility, Private Equity

23.

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 6 (656,442)
Citation 1
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24.

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
Number of pages: 17 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 (701,027)
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25.

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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26.

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

27.

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

28.

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

29.

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

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private equity, leveraged buyouts (LBOs), value creation

30.

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