Axel Buchner

University of Passau

Innstraße 27

Passau, 94030

Germany

CEPRES - Center of Private Equity Research

Max-Joseph-Strasse 7

Munich, 80333

Germany

SCHOLARLY PAPERS

15

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Top 5,005

in Total Papers Downloads

10,385

SSRN CITATIONS
Rank 26,655

SSRN RANKINGS

Top 26,655

in Total Papers Citations

15

CROSSREF CITATIONS

20

Scholarly Papers (15)

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, University of Passau and Technische Universität München (TUM)
Downloads 2,367 (7,239)

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infrastructure investment, infrastructure fund, risk, return

2.
Downloads 1,195 ( 21,338)
Citation 2

Risk Management for Private Equity Funds

Number of pages: 48 Posted: 16 Jan 2015
Axel Buchner
University of Passau
Downloads 1,194 (21,002)
Citation 1

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

Risk Management for Private Equity Funds

Journal of Risk, Vol. 19, No. 6, 2017
Number of pages: 32 Posted: 04 Aug 2017
Axel Buchner
University of Passau
Downloads 1 (813,624)
Citation 1
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private equity, risk management, value-at-risk (VaR), cashflow-at-risk (CFaR), liquidity-adjusted value-at-risk (LVaR)

3.

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
University of Passau, Technische Universität München (TUM) and Passau University
Downloads 1,176 (21,885)
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

4.

The Alpha and Beta of Private Equity Investments

Number of pages: 63 Posted: 16 Jan 2015 Last Revised: 04 Nov 2020
Axel Buchner
University of Passau
Downloads 1,052 (25,734)
Citation 3

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private equity, venture capital, abnormal return, systematic risk

5.

The Systematic Risk of Private Equity

Number of pages: 55 Posted: 02 Apr 2014
Axel Buchner and Rüdiger Stucke
University of Passau and Warburg Pincus
Downloads 812 (37,040)
Citation 9

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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
University of Passau
Downloads 726 (43,259)
Citation 1

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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
University of Passau and Passau University
Downloads 635 (51,560)

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Asset Pricing, Performance Measurement, Abnormal Return, Systematic Risk

8.

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
University of Passau, Cranfield University - School of Management and SKEMA Business School
Downloads 386 (94,650)
Citation 2

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

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
University of Passau and Passau University
Downloads 379 (96,706)
Citation 1

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

10.

Equilibrium Liquidity Premia of Private Equity Funds

Number of pages: 51 Posted: 16 Jan 2015
Axel Buchner
University of Passau
Downloads 356 (103,837)
Citation 1

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Private equity, alternative investments, illiquidity

11.

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

Number of pages: 19 Posted: 17 Oct 2015
Axel Buchner
University of Passau
Downloads 350 (105,784)

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

12.

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

Number of pages: 44 Posted: 16 Jan 2015
Axel Buchner
University of Passau
Downloads 336 (110,797)

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Private equity funds, marketability, option-pricing

13.

Portfolio Dynamics and Expected Returns Under Illiquidity

Number of pages: 51 Posted: 16 Jan 2015
Axel Buchner
University of Passau
Downloads 336 (110,797)

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Asset Pricing, Portfolio Dynamics, Illiquidity

14.
Downloads 276 (136,598)

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

15.

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
University of Passau, University of Manchester - Manchester Business School, University of Manchester - Manchester Business School, Division of Accounting Finance and Cranfield University - School of Management
Downloads 3 (756,651)
Citation 4
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venture capital, cross-border, return, IRR, PME, foreignness, distance