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/

  • Technische Universität München (TUM) - TUM School of Management

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SCHOLARLY PAPERS

32

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43

CROSSREF CITATIONS

24

Scholarly Papers (32)

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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 1,424 (15,650)
Citation 28

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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
Reiner Braun, Tim Jenkinson and Christoph Schemmerl
Technische Universität München (TUM) - TUM School of Management, University of Oxford - Said Business School and Technische Universität München (TUM) - TUM School of Management
Downloads 1,396 (16,158)
Citation 8

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

3.

Benchmarking Venture Capital Databases

Number of pages: 47 Posted: 24 Nov 2020
Andre Retterath and Reiner Braun
Technical University Munich and Technische Universität München (TUM) - TUM School of Management
Downloads 1,262 (18,871)

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venture capital, startups, database, benchmarking

4.

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
Reiner Braun, Nils Dorau, Tim Jenkinson and Daniel Urban
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 1,115 (22,646)
Citation 1

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5.

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
Ann‐Kristin Achleitner, Reiner Braun, Bastian Hinterramskogler and Florian Tappeiner
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 698 (43,702)
Citation 4

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Financial covenants, leveraged buyouts, financing structure, control rights

6.

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

Number of pages: 32 Posted: 26 Mar 2009
Ann‐Kristin Achleitner, Reiner Braun, Matthias Schaller and Florian Tappeiner
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 683 (45,008)
Citation 1

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7.

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 569 (57,118)
Citation 1

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

8.

Value Creation in Private Equity

Number of pages: 7 Posted: 04 Mar 2017
Kairat Perembetov, Ivan Herger, Reiner Braun and Benjamin Puche
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 463 (73,746)
Citation 2

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private equity, buyout, value creation, private equity alpha

9.

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

Downloads 433 ( 79,668)
Citation 5

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
Lars Hornuf, Horst Eidenmueller, Andreas Engert and Reiner Braun
University of Bremen - Faculty of Business Studies and Economics, University of Oxford - Faculty of Law, Freie Universität Berlin, Department of Law and Technische Universität München (TUM) - TUM School of Management
Downloads 433 (79,154)
Citation 5

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entrepreneurship, regulatory competition, charter competition, corporate mobility

10.

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 425 (81,657)
Citation 3

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Financial intermediation, private equity, limited partnership, returns

11.

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
Christian Figge, Oliver Bauer, Reiner Braun and Ann‐Kristin Achleitner
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 408 (85,683)
Citation 1

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principal agent conflict, private equity, divestment decision, buyouts

12.

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
Ann‐Kristin Achleitner, Reiner Braun, Marko Bender and Annabell Geidner
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 403 (86,886)

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regional development, community development venture capital, regional equity gap

13.

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
Ann‐Kristin Achleitner, Carolin Bock, Reiner Braun, Stephanie Schraml and Juliane Welter
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 343 (104,452)

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family firms, goal preferences, agency theory, stewardship theory

14.

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
Ann‐Kristin Achleitner, Reiner Braun, Eva Lutz and Uwe Reiner
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 316 (114,376)
Citation 5

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

15.

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
Johannes Gutenberg University Mainz and Technische Universität München (TUM) - TUM School of Management
Downloads 310 (116,756)
Citation 2

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

16.

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 284 (128,058)

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Private equity, fund return, dry powder, investment behavior

17.

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

Number of pages: 49 Posted: 09 Jul 2019 Last Revised: 21 Oct 2020
Reiner Braun, Stefan Weik and Ann‐Kristin Achleitner
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 211 (171,700)
Citation 3

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foreign venture capital, exit, international migration

18.

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 127 (263,934)

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category combination and reorganization, opportunity recognition, entrepreneurial cognition

19.

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 116 (282,095)
Citation 2

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

20.

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 98 (316,458)

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

21.

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
Ann‐Kristin Achleitner, Reiner Braun, Jan Henning Behrens and Thomas Lange
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 84 (348,587)

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Wagniskapital, Wachstumsfinanzierung, Innovation, Künstliche Intelligenz, Wachstumsunternehmen

22.

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
Ann‐Kristin Achleitner, Reiner Braun, Jan Henning Behrens and Thomas Lange
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 39 (502,031)

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

23.

Fishing among sharks – GP-LP investment syndication in later-stage venture capital

Number of pages: 41 Posted: 02 Mar 2021
Ann‐Kristin Achleitner, Reiner Braun and Henry Keppler
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
Downloads 13 (658,630)

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Venture capital, Syndication, Agency theory

24.

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 13 (658,630)
Citation 2

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Risk Appetite, Equity Volatility, Private Equity

25.

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 (710,433)
Citation 1
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26.

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 Last Revised: 05 Oct 2020
Fabian Söffge and Reiner Braun
Technische Universität München (TUM) - Entrepreneurial Finance and Technische Universität München (TUM) - TUM School of Management
Downloads 1 (756,531)
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27.

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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28.

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
Benjamin Puche, Reiner Braun and Ann‐Kristin Achleitner
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

29.

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

Zeitschrift für Betriebswirtschaft (ZfB), Forthcoming
Posted: 10 Jan 2012
Nico Engel, Reiner Braun and Ann‐Kristin Achleitner
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

30.

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
Ann‐Kristin Achleitner, Reiner Braun and Nico Engel
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

31.

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
Ann‐Kristin Achleitner, Reiner Braun, Nico Engel, Christian Figge and Florian Tappeiner
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

32.

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