Short CV/Education and training

  • 1991 – 1992
    Consultant, MS Management Service AG, St. Gallen, Switzerland

  • 1992 – 1994
    University Lecturer of Finance and External Auditing, University of St. Gallen (HSG), Switzerland

  • Since 1994
    Private Lecturer of business administration, esp. finance and accounting, University of St. Gallen (HSG), Switzerland

  • 1994 – 1995
    Consultant, McKinsey & Company, Inc., Frankfurt on the Main, Germany

  • 1995 – 2001
    Endowed Chair for Banking and Finance (former Chair for Investment and Finance) and chairwoman of the board INSTITUT FÜR FINANZMANAGEMENT, EUROPEAN BUSINESS SCHOOL (ebs), International University Schloss Reichartshausen, Oestrich-Winkel, Germany

  • Since 2001
    Chair of Entrepreneurial Finance (former DtA-Chair in Entrepreneurship/Entrepreneurial Finance, thereafter KfW-Chair in Entrepreneurial Finance till 2011/09), Technische Universität München (TUM), Germany, 50% part time since 2007/10, 20% family-related part time since 2013/10

  • Since 2003
    Scientific Director of the Center for Entrepreneurial and Financial Studies (CEFS), Technische Universität München (TUM), Germany

  • 2009
    Visiting Professor of Entrepreneurial Finance, University of St. Gallen (HSG), Switzerland

Selected publications

  • Family firms and R&D behavior – New evidence from a large-scale survey (with T. Schmid, M. Ampenberger and C. Kaserer). In: Research Policy, Vol. 43 (2014), Issue 1, p. 233-244.

  • Structure and Determinants of Financial Covenants in Leveraged Buyouts (with R. Braun, B. Hinterramskogler and F. Tappeiner). In: Review of Finance, Vol. 16 (2012), Issue 3, p. 647-684.

  • Disentangling Gut Feeling – Assessing the Integrity of Social Entrepreneurs (with E. Lutz, J. Mayer and W. Spiess-Knafl). In: VOLUNTAS: International Journal of Volun-tary and Nonprofit Organizations, Vol. 24 (2013), Issue 1, p. 93-124.

  • Value creation drivers in a secondary buyout – the acquisition of Brenntag by BC Partners (with C. Figge and E. Lutz). In: Qualitative Research in Financial Markets, Vol. 6 (2014), Issue 3, p. 278-301.

  • Private Equity Lemons? Evidence on Value Creation in Secondary Buyouts (with C. Figge). In: European Financial Management, Vol. 20 (2014), Issue 2, p. 406-433.

  • Importance of Spatial Proximity between Venture Capital Investors and Investees in Germany (with E. Lutz, M. Bender and C. Kaserer). In: Journal of Business Research, Vol. 66 (2013), Issue 11, p. 2346-2354.

  • The performance of venture capital investments: Do investors overreact? (with N. Engel and U. Reiner). In: Review of Financial Economics, Vol. 22 (2013), Issue 1, p. 20-35.

  • Private Equity Acquisitions of Continental European Firms – The Impact of Ownership and Control on the Likelihood of Being Taken Private (with A. Betzer, M. Goergen and B. Hinterramskogler). In: European Financial Management, Vol. 19 (2013), Issue 1, p. 72-107.

  • Capital structure decisions in family firms: empirical evidence from a bank-based econ-omy (with M. Ampenberger, T. Schmid and C. Kaserer). In: Review of Managerial Science, Vol. 7 (2013), Issue 3, p. 247-275.

  • Leverage and The Performance of Buyouts: (How) Does The Use of Debt Impact Equity Returns? (with N. Engel and R. Braun). In: Journal of Business Economics (formerly Zeitschrift für Betriebswirtschaft (ZfB)), Vol. 82 (2012), Issue 5, p. 451-490.

Complete list of publications


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