Axel Buchner

ESCP Business School

Full Professor of Finance

Heubnerweg 8-10

Berlin, AK Berlin 14059

Germany

SCHOLARLY PAPERS

16

DOWNLOADS
Rank 5,856

SSRN RANKINGS

Top 5,856

in Total Papers Downloads

13,578

SSRN CITATIONS
Rank 23,331

SSRN RANKINGS

Top 23,331

in Total Papers Citations

25

CROSSREF CITATIONS

23

Scholarly Papers (16)

1.

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 2,833 (8,759)
Citation 2

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infrastructure investment, infrastructure fund, risk, return

2.

The Alpha and Beta of Private Equity Investments

Number of pages: 63 Posted: 16 Jan 2015 Last Revised: 04 Nov 2020
Axel Buchner
ESCP Business School
Downloads 1,745 (18,976)
Citation 3

Abstract:

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private equity, venture capital, abnormal return, systematic risk

3.

Risk Management for Private Equity Funds

Number of pages: 48 Posted: 16 Jan 2015
Axel Buchner
ESCP Business School
Downloads 1,646 (20,750)
Citation 1

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Private equity, risk management, Value-at-Risk, Cash-Flow-at-Risk, Liquidity-Adjusted Value-at-Risk

4.

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 1,416 (26,076)
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

5.

The Systematic Risk of Private Equity

Number of pages: 55 Posted: 02 Apr 2014
Axel Buchner and Rüdiger Stucke
ESCP Business School and Warburg Pincus
Downloads 1,122 (36,525)
Citation 11

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private equity, venture capital, systematic risk, abnormal return

6.

Portfolio Optimization with Private Equity Funds

Number of pages: 61 Posted: 06 May 2013
Axel Buchner
ESCP Business School
Downloads 913 (48,940)
Citation 1

Abstract:

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Private equity funds, asset allocation, commitment strategy, liquidity

7.

The Betting Against Beta Anomaly: Fact or Fiction?

Number of pages: 16 Posted: 16 Dec 2015
Axel Buchner and Niklas Wagner
ESCP Business School and Passau University
Downloads 704 (69,257)

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Asset Pricing, Performance Measurement, Abnormal Return, Systematic Risk

8.

Risk-Adjusting the Returns of Private Equity Using the CAPM and Multi-Factor Extensions

Number of pages: 19 Posted: 17 Oct 2015
Axel Buchner
ESCP Business School
Downloads 483 (110,894)
Citation 2

Abstract:

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venture capital, Public Market Equivalent, CAPM, multi-factor models

9.

Rewarding Risk-Taking or Managerial Skill? The Case of Private Equity Fund Managers

Number of pages: 58 Posted: 24 Apr 2015
Axel Buchner and Niklas Wagner
ESCP Business School and Passau University
Downloads 477 (112,573)
Citation 1

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Private equity, venture capital, buyout funds, fund manager compensation, risk-taking incentives

10.

Does Risk Explain Persistence in Private Equity Performance?

Journal of Corporate Finance, Forthcoming
Number of pages: 55 Posted: 27 Apr 2015 Last Revised: 02 Jun 2016
ESCP Business School, Cranfield University - School of ManagementCranfield School of Management and SKEMA Business School
Downloads 448 (121,233)
Citation 2

Abstract:

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private equity; performance; venture capital; buyout; risk; persistence

11.

How Much Can Lack of Marketability Affect Private Equity Fund Values?

Number of pages: 44 Posted: 16 Jan 2015
Axel Buchner
ESCP Business School
Downloads 397 (139,481)

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Private equity funds, marketability, option-pricing

12.

Equilibrium Liquidity Premia of Private Equity Funds

Number of pages: 51 Posted: 16 Jan 2015
Axel Buchner
ESCP Business School
Downloads 394 (140,657)
Citation 1

Abstract:

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Private equity, alternative investments, illiquidity

13.

Portfolio Dynamics and Expected Returns Under Illiquidity

Number of pages: 51 Posted: 16 Jan 2015
Axel Buchner
ESCP Business School
Downloads 369 (151,309)

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Asset Pricing, Portfolio Dynamics, Illiquidity

14.

Private Equity Debt Funds: Who Wins, Who Loses?

Number of pages: 74 Posted: 02 Jun 2022
ESCP Business School, SKEMA Business School and SKEMA Business School
Downloads 320 (177,074)

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Private equity; debt funds; performance; sponsored deals; conflict of interest; incentives

15.
Downloads 308 (184,960)

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private equity, venture capital, abnormal returns, systematic risk, coskewness, generalized CAPM

16.

Cross-Border Venture Capital Investments: The Impact of Foreignness on Returns

Journal of International Business Studies, Vol. 49, Issue 5, 2017
Number of pages: 30 Posted: 13 Jun 2018
ESCP Business School, The University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Cranfield University - School of ManagementCranfield School of Management
Downloads 3 (1,113,200)
Citation 9
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Abstract:

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venture capital, cross-border, return, IRR, PME, foreignness, distance