[{"publication_identifier":{"unknown":["1617-8084"]},"publication_status":"published","page":"251-258","citation":{"ama":"Hofmann P, Sievers S, Li R. <i>ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen</i>. Vol Heft 7-8/2025. KoR; 2025:251-258. doi:<a href=\"https://doi.org/KORKOR1476665\">KORKOR1476665</a>","chicago":"Hofmann, Philipp, Sönke Sievers, and Reeyarn Li. <i>ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen</i>. Vol. Heft 7-8/2025. KoR, 2025. <a href=\"https://doi.org/KORKOR1476665\">https://doi.org/KORKOR1476665</a>.","ieee":"P. Hofmann, S. Sievers, and R. Li, <i>ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen</i>, vol. Heft 7-8/2025. KoR, 2025, pp. 251–258.","apa":"Hofmann, P., Sievers, S., &#38; Li, R. (2025). <i>ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen: Vol. Heft 7-8/2025</i> (pp. 251–258). KoR. <a href=\"https://doi.org/KORKOR1476665\">https://doi.org/KORKOR1476665</a>","bibtex":"@book{Hofmann_Sievers_Li_2025, title={ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen}, volume={Heft 7-8/2025}, DOI={<a href=\"https://doi.org/KORKOR1476665\">KORKOR1476665</a>}, publisher={KoR}, author={Hofmann, Philipp and Sievers, Sönke and Li, Reeyarn}, year={2025}, pages={251–258} }","short":"P. Hofmann, S. Sievers, R. Li, ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen, KoR, 2025.","mla":"Hofmann, Philipp, et al. <i>ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen</i>. KoR, 2025, pp. 251–58, doi:<a href=\"https://doi.org/KORKOR1476665\">KORKOR1476665</a>."},"year":"2025","volume":"Heft 7-8/2025","date_created":"2026-04-08T10:01:11Z","author":[{"first_name":"Philipp","full_name":"Hofmann, Philipp","last_name":"Hofmann"},{"first_name":"Sönke","id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers"},{"id":"102450","full_name":"Li, Reeyarn","last_name":"Li","first_name":"Reeyarn"}],"publisher":"KoR","date_updated":"2026-04-08T10:02:30Z","doi":"KORKOR1476665","title":"ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen","type":"working_paper","status":"public","abstract":[{"lang":"ger","text":"Diese Studie analysiert die ESEF-Berichterstattung in Deutschland seit der Einführung der iXBRL-basierten Berichtspflicht durch die ESMA im Jahr 2020. Anhand einer Stichprobe von 610 kapitalmarktorientierten Unternehmen der Frankfurter Börse im Zeitraum 2020-2023 wird gezeigt, dass 60,5% der Jahresabschlüsse die ESEF-Anforderungen vollständig erfüllen. Größere Unternehmen haben höhere Konformitätsraten als FSE-Scale und ausländische Unternehmen. Die Untersuchung der Taxonomie-Erweiterungen verdeutlicht, dass größere Unternehmen eher Erweiterungs-Tags nutzen, was mit Theorien freiwilliger Offenlegung übereinstimmt. Die verpflichtende Einführung des Anhang-Taggings im Jahr 2022 führte zu einer erhöhten Tagging-Granularität und verbesserter Offenlegungsqualität. Die Ergebnisse verdeutlichen Herausforderungen bei der ESEF-Umsetzung, wie Zugangsbarrieren und inkonsistente Durchsetzung, und geben Einblicke in unternehmensspezifische Offenlegungspraktiken im Kontext strukturierter Berichterstattung."}],"department":[{"_id":"186"},{"_id":"275"}],"user_id":"115848","_id":"65379","language":[{"iso":"ger"}]},{"edition":"5.","year":"2022","place":"Stuttgart","citation":{"apa":"Ruhnke, K., Simons, D., &#38; Sievers, S. (2022). <i>Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen</i> (5.). Schäffer-Poeschel.","bibtex":"@book{Ruhnke_Simons_Sievers_2022, place={Stuttgart}, edition={5.}, title={Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen}, publisher={Schäffer-Poeschel}, author={Ruhnke, Klaus and Simons, Dirk and Sievers, Sönke}, year={2022} }","short":"K. Ruhnke, D. Simons, S. Sievers, Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen, 5., Schäffer-Poeschel, Stuttgart, 2022.","mla":"Ruhnke, Klaus, et al. <i>Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen</i>. 5., Schäffer-Poeschel, 2022.","ama":"Ruhnke K, Simons D, Sievers S. <i>Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen</i>. 5. Schäffer-Poeschel; 2022.","ieee":"K. Ruhnke, D. Simons, and S. Sievers, <i>Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen</i>, 5. Stuttgart: Schäffer-Poeschel, 2022.","chicago":"Ruhnke, Klaus, Dirk Simons, and Sönke Sievers. <i>Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen</i>. 5. Stuttgart: Schäffer-Poeschel, 2022."},"publisher":"Schäffer-Poeschel","date_updated":"2023-01-03T08:10:30Z","date_created":"2023-01-03T08:08:42Z","author":[{"first_name":"Klaus","full_name":"Ruhnke, Klaus","last_name":"Ruhnke"},{"full_name":"Simons, Dirk","last_name":"Simons","first_name":"Dirk"},{"first_name":"Sönke","id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers"}],"title":"Rechnungslegung nach IFRS und HGB: Lehrbuch zur Theorie und Praxis der Unternehmenspublizität mit Beispielen und Übungen","type":"book","status":"public","_id":"35115","user_id":"26589","language":[{"iso":"ger"}]},{"publication":"BCG M&A Report 2022","type":"journal_article","year":"2022","status":"public","citation":{"apa":"Kengelbach, J., Keienburg, G., Söllner, T., Wang, Y., Sievers, S., Friedmann, D., &#38; Nielsen, J. (2022). Green Deals Gain Steam . <i>BCG M&#38;A Report 2022</i>.","mla":"Kengelbach, Jens, et al. “Green Deals Gain Steam .” <i>BCG M&#38;A Report 2022</i>, 2022.","short":"J. Kengelbach, G. Keienburg, T. Söllner, Y. Wang, S. Sievers, D. Friedmann, J. Nielsen, BCG M&#38;A Report 2022 (2022).","bibtex":"@article{Kengelbach_Keienburg_Söllner_Wang_Sievers_Friedmann_Nielsen_2022, title={Green Deals Gain Steam }, journal={BCG M&#38;A Report 2022}, author={Kengelbach, Jens and Keienburg, Georg and Söllner, Tobias and Wang, Yiran and Sievers, Sönke and Friedmann, Daniel and Nielsen, Jesper}, year={2022} }","ama":"Kengelbach J, Keienburg G, Söllner T, et al. Green Deals Gain Steam . <i>BCG M&#38;A Report 2022</i>. Published online 2022.","ieee":"J. Kengelbach <i>et al.</i>, “Green Deals Gain Steam ,” <i>BCG M&#38;A Report 2022</i>, 2022.","chicago":"Kengelbach, Jens, Georg Keienburg, Tobias Söllner, Yiran Wang, Sönke Sievers, Daniel Friedmann, and Jesper Nielsen. “Green Deals Gain Steam .” <i>BCG M&#38;A Report 2022</i>, 2022."},"_id":"35719","date_updated":"2023-01-10T09:31:54Z","department":[{"_id":"275"}],"author":[{"first_name":"Jens","last_name":"Kengelbach","full_name":"Kengelbach, Jens"},{"first_name":"Georg","last_name":"Keienburg","full_name":"Keienburg, Georg"},{"first_name":"Tobias","last_name":"Söllner","full_name":"Söllner, Tobias"},{"full_name":"Wang, Yiran","last_name":"Wang","first_name":"Yiran"},{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"},{"first_name":"Daniel","last_name":"Friedmann","full_name":"Friedmann, Daniel"},{"first_name":"Jesper","last_name":"Nielsen","full_name":"Nielsen, Jesper"}],"date_created":"2023-01-10T09:26:24Z","user_id":"26589","title":"Green Deals Gain Steam ","language":[{"iso":"eng"}]},{"status":"public","citation":{"ama":"Kengelbach J, Friedman D, Keienburg G, et al. Do Green Deals Create Value? . <i>BCG M&#38;A Report 2022</i>. Published online 2022.","chicago":"Kengelbach, Jens, Daniel Friedman, Georg Keienburg, Dominik Degen, Tobias Söllner, Yiran Wang, and Sönke Sievers. “Do Green Deals Create Value? .” <i>BCG M&#38;A Report 2022</i>, 2022.","ieee":"J. Kengelbach <i>et al.</i>, “Do Green Deals Create Value? ,” <i>BCG M&#38;A Report 2022</i>, 2022.","apa":"Kengelbach, J., Friedman, D., Keienburg, G., Degen, D., Söllner, T., Wang, Y., &#38; Sievers, S. (2022). Do Green Deals Create Value? . <i>BCG M&#38;A Report 2022</i>.","short":"J. Kengelbach, D. Friedman, G. Keienburg, D. Degen, T. Söllner, Y. Wang, S. Sievers, BCG M&#38;A Report 2022 (2022).","bibtex":"@article{Kengelbach_Friedman_Keienburg_Degen_Söllner_Wang_Sievers_2022, title={Do Green Deals Create Value? }, journal={BCG M&#38;A Report 2022}, author={Kengelbach, Jens and Friedman, Daniel and Keienburg, Georg and Degen, Dominik and Söllner, Tobias and Wang, Yiran and Sievers, Sönke}, year={2022} }","mla":"Kengelbach, Jens, et al. “Do Green Deals Create Value? .” <i>BCG M&#38;A Report 2022</i>, 2022."},"year":"2022","publication":"BCG M&A Report 2022","type":"journal_article","language":[{"iso":"eng"}],"title":"Do Green Deals Create Value? ","department":[{"_id":"275"}],"date_created":"2023-01-10T09:33:26Z","author":[{"first_name":"Jens","last_name":"Kengelbach","full_name":"Kengelbach, Jens"},{"first_name":"Daniel","last_name":"Friedman","full_name":"Friedman, Daniel"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"first_name":"Dominik","full_name":"Degen, Dominik","last_name":"Degen"},{"first_name":"Tobias","full_name":"Söllner, Tobias","last_name":"Söllner"},{"first_name":"Yiran","last_name":"Wang","full_name":"Wang, Yiran"},{"full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers","first_name":"Sönke"}],"user_id":"26589","_id":"35722","date_updated":"2023-01-10T09:35:26Z"},{"type":"working_paper","status":"public","_id":"34599","user_id":"26589","language":[{"iso":"eng"}],"year":"2021","citation":{"apa":"Hartmann, J., Pelster, M., &#38; Sievers, S. (2021). <i>Can the market identify prosperous activist engagements? Evidence from announcement and long-term buy-and-hold returns</i>. TAF Working Paper No. 66/January 2022.","bibtex":"@book{Hartmann_Pelster_Sievers_2021, title={Can the market identify prosperous activist engagements? Evidence from announcement and long-term buy-and-hold returns}, publisher={TAF Working Paper No. 66/January 2022}, author={Hartmann, Jochen and Pelster, Matthias and Sievers, Sönke}, year={2021} }","mla":"Hartmann, Jochen, et al. <i>Can the Market Identify Prosperous Activist Engagements? Evidence from Announcement and Long-Term Buy-and-Hold Returns</i>. TAF Working Paper No. 66/January 2022, 2021.","short":"J. Hartmann, M. Pelster, S. Sievers, Can the Market Identify Prosperous Activist Engagements? Evidence from Announcement and Long-Term Buy-and-Hold Returns, TAF Working Paper No. 66/January 2022, 2021.","ama":"Hartmann J, Pelster M, Sievers S. <i>Can the Market Identify Prosperous Activist Engagements? Evidence from Announcement and Long-Term Buy-and-Hold Returns</i>. TAF Working Paper No. 66/January 2022; 2021.","ieee":"J. Hartmann, M. Pelster, and S. Sievers, <i>Can the market identify prosperous activist engagements? Evidence from announcement and long-term buy-and-hold returns</i>. TAF Working Paper No. 66/January 2022, 2021.","chicago":"Hartmann, Jochen, Matthias Pelster, and Sönke Sievers. <i>Can the Market Identify Prosperous Activist Engagements? Evidence from Announcement and Long-Term Buy-and-Hold Returns</i>. TAF Working Paper No. 66/January 2022, 2021."},"date_updated":"2022-12-20T12:08:54Z","publisher":"TAF Working Paper No. 66/January 2022","date_created":"2022-12-20T12:08:26Z","author":[{"first_name":"Jochen","last_name":"Hartmann","full_name":"Hartmann, Jochen"},{"last_name":"Pelster","orcid":" https://orcid.org/0000-0001-5740-2420","full_name":"Pelster, Matthias","id":"67265","first_name":"Matthias"},{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"}],"title":"Can the market identify prosperous activist engagements? Evidence from announcement and long-term buy-and-hold returns"},{"type":"working_paper","citation":{"chicago":"Landsman, Wayne R, Alexander Liß, and Sönke Sievers. <i>The Pricing of Acquired Intangibles</i>. TRR, 2021.","ieee":"W. R. Landsman, A. Liß, and S. Sievers, <i>The pricing of acquired intangibles</i>. TRR, 2021.","ama":"Landsman WR, Liß A, Sievers S. <i>The Pricing of Acquired Intangibles</i>. TRR; 2021.","bibtex":"@book{Landsman_Liß_Sievers_2021, title={The pricing of acquired intangibles}, publisher={TRR}, author={Landsman, Wayne R and Liß, Alexander and Sievers, Sönke}, year={2021} }","short":"W.R. Landsman, A. Liß, S. Sievers, The Pricing of Acquired Intangibles, TRR, 2021.","mla":"Landsman, Wayne R., et al. <i>The Pricing of Acquired Intangibles</i>. TRR, 2021.","apa":"Landsman, W. R., Liß, A., &#38; Sievers, S. (2021). <i>The pricing of acquired intangibles</i>. TRR."},"status":"public","year":"2021","author":[{"full_name":"Landsman, Wayne R","last_name":"Landsman","first_name":"Wayne R"},{"full_name":"Liß, Alexander","last_name":"Liß","first_name":"Alexander"},{"last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke","first_name":"Sönke"}],"user_id":"26589","date_created":"2022-12-20T18:52:41Z","date_updated":"2022-12-20T18:53:45Z","publisher":"TRR","_id":"34634","language":[{"iso":"eng"}],"title":"The pricing of acquired intangibles"},{"publication":"M&A Review Europe ","type":"journal_article","status":"public","_id":"20866","user_id":"46447","article_type":"original","language":[{"iso":"eng"}],"publication_status":"published","year":"2020","citation":{"apa":"Sievers, S., Degen, D., Kim, D., &#38; Kengelbach, J. (2020). How Private Equity can leverage downturn M&#38;A for value creation. <i>M&#38;A Review Europe </i>.","bibtex":"@article{Sievers_Degen_Kim_Kengelbach_2020, title={How Private Equity can leverage downturn M&#38;A for value creation}, journal={M&#38;A Review Europe }, author={Sievers, Sönke and Degen, Dominik and Kim, Daniel and Kengelbach, Jens}, year={2020} }","short":"S. Sievers, D. Degen, D. Kim, J. Kengelbach, M&#38;A Review Europe  (2020).","mla":"Sievers, Sönke, et al. “How Private Equity Can Leverage Downturn M&#38;A for Value Creation.” <i>M&#38;A Review Europe </i>, 2020.","ama":"Sievers S, Degen D, Kim D, Kengelbach J. How Private Equity can leverage downturn M&#38;A for value creation. <i>M&#38;A Review Europe </i>. 2020.","ieee":"S. Sievers, D. Degen, D. Kim, and J. Kengelbach, “How Private Equity can leverage downturn M&#38;A for value creation,” <i>M&#38;A Review Europe </i>, 2020.","chicago":"Sievers, Sönke, Dominik Degen, Daniel Kim, and Jens Kengelbach. “How Private Equity Can Leverage Downturn M&#38;A for Value Creation.” <i>M&#38;A Review Europe </i>, 2020."},"date_updated":"2022-01-06T06:54:41Z","author":[{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447"},{"last_name":"Degen","full_name":"Degen, Dominik","first_name":"Dominik"},{"full_name":"Kim, Daniel","last_name":"Kim","first_name":"Daniel"},{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"}],"date_created":"2021-01-05T10:19:56Z","title":"How Private Equity can leverage downturn M&A for value creation","main_file_link":[{"url":"https://ma-review.com/how-private-equity-can-leverage-downturn-ma-for-value-creation/"}]},{"main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3679155"}],"doi":"10.2139/ssrn.3679155","title":"What matters for organizing M&As successfully?","author":[{"last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447","first_name":"Sönke"},{"first_name":"Schmitz","last_name":"Alexander","full_name":"Alexander, Schmitz"}],"date_created":"2021-01-05T12:04:55Z","date_updated":"2022-01-06T06:54:41Z","citation":{"apa":"Sievers, S., &#38; Alexander, S. (2020). <i>What matters for organizing M&#38;As successfully?</i> <a href=\"https://doi.org/10.2139/ssrn.3679155\">https://doi.org/10.2139/ssrn.3679155</a>","mla":"Sievers, Sönke, and Schmitz Alexander. <i>What Matters for Organizing M&#38;As Successfully?</i> 2020, doi:<a href=\"https://doi.org/10.2139/ssrn.3679155\">10.2139/ssrn.3679155</a>.","bibtex":"@book{Sievers_Alexander_2020, title={What matters for organizing M&#38;As successfully?}, DOI={<a href=\"https://doi.org/10.2139/ssrn.3679155\">10.2139/ssrn.3679155</a>}, author={Sievers, Sönke and Alexander, Schmitz}, year={2020} }","short":"S. Sievers, S. Alexander, What Matters for Organizing M&#38;As Successfully?, 2020.","ama":"Sievers S, Alexander S. <i>What Matters for Organizing M&#38;As Successfully?</i>; 2020. doi:<a href=\"https://doi.org/10.2139/ssrn.3679155\">10.2139/ssrn.3679155</a>","ieee":"S. Sievers and S. Alexander, <i>What matters for organizing M&#38;As successfully?</i> 2020.","chicago":"Sievers, Sönke, and Schmitz Alexander. <i>What Matters for Organizing M&#38;As Successfully?</i>, 2020. <a href=\"https://doi.org/10.2139/ssrn.3679155\">https://doi.org/10.2139/ssrn.3679155</a>."},"jel":["G34"],"page":"73","year":"2020","publication_status":"published","language":[{"iso":"eng"}],"keyword":["Mergers","Acquisitions","Success","Processes","Organization"],"user_id":"46447","_id":"20871","status":"public","abstract":[{"lang":"eng","text":"How is merger and acquisition (M&A) success associated with firm internal M&A process organization? The literature thus far acknowledges that unobservable internal firm characteristics are at least as important as observable firm- and deal-specific characteristics in regard to explaining M&A success. Thus, this paper directly asks M&A experts around the globe to shed more light on this important issue. We investigate three indices, capturing the degree of M&A 1) process standardization, 2) process duration, and 3) process attention. Next, we analyze the process participation among four organizational layers, i.e., the functional involvement of the a) top management team, b) headquarters, c) business unit management, and d) business unit functions. We predict and find that all three indices are positively associated with M&A success, while process standardization and attention to deal strategy are of particular importance. Turning to the four organizational layers, a textured analysis shows that, for instance, target valuation should be performed by the headquarters functions but not by the top management team or the business unit. Overall, our findings are important to better understand unexplored M&A success drivers and provide directions for future research. Finally, our results might help practitioners adjust their M&A process organization to further improve their M&A success."}],"type":"working_paper"},{"type":"report","status":"public","_id":"20873","department":[{"_id":"275"}],"user_id":"46447","language":[{"iso":"eng"}],"publication_status":"published","year":"2020","citation":{"apa":"Sievers, S., Keienburg, G., Degen, D., Söllner, T., &#38; Kashyrkin, A. (2020). <i>Alternative Deals Gain Traction</i>. The Boston Consulting Group, Inc., M&#38;A Report.","mla":"Sievers, Sönke, et al. <i>Alternative Deals Gain Traction</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2020.","short":"S. Sievers, G. Keienburg, D. Degen, T. Söllner, A. Kashyrkin, Alternative Deals Gain Traction, The Boston Consulting Group, Inc., M&#38;A Report, 2020.","bibtex":"@book{Sievers_Keienburg_Degen_Söllner_Kashyrkin_2020, title={Alternative Deals Gain Traction}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Keienburg, Georg and Degen, Dominik and Söllner, Tobias and Kashyrkin, Anton}, year={2020} }","chicago":"Sievers, Sönke, Georg Keienburg, Dominik Degen, Tobias Söllner, and Anton Kashyrkin. <i>Alternative Deals Gain Traction</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2020.","ieee":"S. Sievers, G. Keienburg, D. Degen, T. Söllner, and A. Kashyrkin, <i>Alternative Deals Gain Traction</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2020.","ama":"Sievers S, Keienburg G, Degen D, Söllner T, Kashyrkin A. <i>Alternative Deals Gain Traction</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2020."},"publisher":"The Boston Consulting Group, Inc., M&A Report","date_updated":"2022-01-06T06:54:41Z","date_created":"2021-01-06T08:14:16Z","author":[{"full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers","first_name":"Sönke"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"first_name":"Dominik","full_name":"Degen, Dominik","last_name":"Degen"},{"first_name":"Tobias","full_name":"Söllner, Tobias","last_name":"Söllner"},{"first_name":"Anton","full_name":"Kashyrkin, Anton","last_name":"Kashyrkin"}],"title":"Alternative Deals Gain Traction","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/bcg-alternative-deals-gain-traction-sep-2020.pdf"}]},{"citation":{"apa":"Sievers, S., Degen, D., Kim, D., &#38; Kengelbach, J. (2020). Downturn M&#38;A: Die Erfolgsstrategie der Stunde? <i>M&#38;A Review</i>, 266–271.","mla":"Sievers, Sönke, et al. “Downturn M&#38;A: Die Erfolgsstrategie der Stunde?” <i>M&#38;A Review</i>, 2020, pp. 266–71.","bibtex":"@article{Sievers_Degen_Kim_Kengelbach_2020, title={Downturn M&#38;A: Die Erfolgsstrategie der Stunde?}, journal={M&#38;A Review}, author={Sievers, Sönke and Degen, Dominik and Kim, Daniel and Kengelbach, Jens}, year={2020}, pages={266–271} }","short":"S. Sievers, D. Degen, D. Kim, J. Kengelbach, M&#38;A Review (2020) 266–271.","ama":"Sievers S, Degen D, Kim D, Kengelbach J. Downturn M&#38;A: Die Erfolgsstrategie der Stunde? <i>M&#38;A Review</i>. 2020:266-271.","chicago":"Sievers, Sönke, Dominik Degen, Daniel Kim, and Jens Kengelbach. “Downturn M&#38;A: Die Erfolgsstrategie der Stunde?” <i>M&#38;A Review</i>, 2020, 266–71.","ieee":"S. Sievers, D. Degen, D. Kim, and J. 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(2020). <i>Online Appendix to: Co-movement of Price and Intrinsic Value-Does Accounting Information Matter?</i>","mla":"Mehring, Oliver, et al. <i>Online Appendix to: Co-Movement of Price and Intrinsic Value-Does Accounting Information Matter?</i> 2020.","bibtex":"@book{Mehring_Olsson_Sievers_Sofilkanitsch_2020, title={Online Appendix to: Co-movement of Price and Intrinsic Value-Does Accounting Information Matter?}, author={Mehring, Oliver and Olsson, Per and Sievers, Sönke and Sofilkanitsch, Christian}, year={2020} }","short":"O. Mehring, P. Olsson, S. Sievers, C. Sofilkanitsch, Online Appendix to: Co-Movement of Price and Intrinsic Value-Does Accounting Information Matter?, 2020.","chicago":"Mehring, Oliver, Per Olsson, Sönke Sievers, and Christian Sofilkanitsch. <i>Online Appendix to: Co-Movement of Price and Intrinsic Value-Does Accounting Information Matter?</i>, 2020.","ieee":"O. Mehring, P. Olsson, S. Sievers, and C. 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Paying for performance in private equity: Evidence from venture capital partnerships. <i>Management Science</i>. 2020;66(4):1756–1782.","chicago":"Hüther, Niklas, David T Robinson, Sönke Sievers, and Thomas Hartmann-Wendels. “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.” <i>Management Science</i> 66, no. 4 (2020): 1756–1782.","ieee":"N. Hüther, D. T. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for performance in private equity: Evidence from venture capital partnerships,” <i>Management Science</i>, vol. 66, no. 4, pp. 1756–1782, 2020.","apa":"Hüther, N., Robinson, D. T., Sievers, S., &#38; Hartmann-Wendels, T. (2020). Paying for performance in private equity: Evidence from venture capital partnerships. <i>Management Science</i>, <i>66</i>(4), 1756–1782.","mla":"Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.” <i>Management Science</i>, vol. 66, no. 4, INFORMS, 2020, pp. 1756–1782.","bibtex":"@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2020, title={Paying for performance in private equity: Evidence from venture capital partnerships}, volume={66}, number={4}, journal={Management Science}, publisher={INFORMS}, author={Hüther, Niklas and Robinson, David T and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2020}, pages={1756–1782} }","short":"N. Hüther, D.T. Robinson, S. Sievers, T. Hartmann-Wendels, Management Science 66 (2020) 1756–1782."},"year":"2020"},{"year":"2020","citation":{"ieee":"A. Schmitz and S. Sievers, <i>What are the effects of strategy consultants, financial, and legal M&#38;A advisors on M&#38;A success?</i> 2020.","chicago":"Schmitz, Alexander, and Sönke Sievers. <i>What Are the Effects of Strategy Consultants, Financial, and Legal M&#38;A Advisors on M&#38;A Success?</i>, 2020.","ama":"Schmitz A, Sievers S. <i>What Are the Effects of Strategy Consultants, Financial, and Legal M&#38;A Advisors on M&#38;A Success?</i>; 2020.","apa":"Schmitz, A., &#38; Sievers, S. (2020). <i>What are the effects of strategy consultants, financial, and legal M&#38;A advisors on M&#38;A success?</i>","mla":"Schmitz, Alexander, and Sönke Sievers. <i>What Are the Effects of Strategy Consultants, Financial, and Legal M&#38;A Advisors on M&#38;A Success?</i> 2020.","short":"A. Schmitz, S. Sievers, What Are the Effects of Strategy Consultants, Financial, and Legal M&#38;A Advisors on M&#38;A Success?, 2020.","bibtex":"@book{Schmitz_Sievers_2020, title={What are the effects of strategy consultants, financial, and legal M&#38;A advisors on M&#38;A success?}, author={Schmitz, Alexander and Sievers, Sönke}, year={2020} }"},"title":"What are the effects of strategy consultants, financial, and legal M&A advisors on M&A success?","date_updated":"2022-12-20T18:58:41Z","author":[{"first_name":"Alexander","full_name":"Schmitz, Alexander","last_name":"Schmitz"},{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"}],"date_created":"2022-12-20T18:58:06Z","status":"public","type":"working_paper","language":[{"iso":"eng"}],"_id":"34637","user_id":"26589"},{"title":"Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships","date_created":"2020-12-08T13:19:35Z","year":"2019","quality_controlled":"1","issue":"4","keyword":["venture capital","compensation","private equity","VC partnership","pay-performance relation"],"language":[{"iso":"eng"}],"abstract":[{"text":"We offer the first empirical analysis connecting the timing of general partner (GP) compensation to private equity fund performance. Using detailed information on limited partnership agreements between private equity limited and general partners, we find that “GP-friendly” contracts—agreements that pay general partners on a deal-by-deal basis instead of withholding carried interest until a benchmark return has been earned—are associated with higher returns, both gross and net of fees. This is robust to measures of performance persistence, time period effects, and other contract terms and is related to exit-timing incentives. Timing practices balance GP incentives against limited partner downside protection.","lang":"eng"}],"publication":"Management Science (VHB-JOURQUAL 3 Ranking A+)","doi":"10.1287/mnsc.2018.3274","main_file_link":[{"url":"https://pubsonline.informs.org/doi/10.1287/mnsc.2018.3274"}],"date_updated":"2022-01-06T06:54:31Z","volume":66,"author":[{"first_name":"Niklas","last_name":"Hüther","full_name":"Hüther, Niklas"},{"first_name":"David T.","last_name":"Robinson","full_name":"Robinson, David T."},{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"first_name":"Thomas","full_name":"Hartmann-Wendels, Thomas","last_name":"Hartmann-Wendels"}],"page":"1756-1782","intvolume":"        66","citation":{"ama":"Hüther N, Robinson DT, Sievers S, Hartmann-Wendels T. Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships. <i>Management Science (VHB-JOURQUAL 3 Ranking A+)</i>. 2019;66(4):1756-1782. doi:<a href=\"https://doi.org/10.1287/mnsc.2018.3274\">10.1287/mnsc.2018.3274</a>","chicago":"Hüther, Niklas, David T. Robinson, Sönke Sievers, and Thomas Hartmann-Wendels. “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.” <i>Management Science (VHB-JOURQUAL 3 Ranking A+)</i> 66, no. 4 (2019): 1756–82. <a href=\"https://doi.org/10.1287/mnsc.2018.3274\">https://doi.org/10.1287/mnsc.2018.3274</a>.","ieee":"N. Hüther, D. T. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships,” <i>Management Science (VHB-JOURQUAL 3 Ranking A+)</i>, vol. 66, no. 4, pp. 1756–1782, 2019.","bibtex":"@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2019, title={Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships}, volume={66}, DOI={<a href=\"https://doi.org/10.1287/mnsc.2018.3274\">10.1287/mnsc.2018.3274</a>}, number={4}, journal={Management Science (VHB-JOURQUAL 3 Ranking A+)}, author={Hüther, Niklas and Robinson, David T. and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2019}, pages={1756–1782} }","short":"N. Hüther, D.T. Robinson, S. Sievers, T. Hartmann-Wendels, Management Science (VHB-JOURQUAL 3 Ranking A+) 66 (2019) 1756–1782.","mla":"Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.” <i>Management Science (VHB-JOURQUAL 3 Ranking A+)</i>, vol. 66, no. 4, 2019, pp. 1756–82, doi:<a href=\"https://doi.org/10.1287/mnsc.2018.3274\">10.1287/mnsc.2018.3274</a>.","apa":"Hüther, N., Robinson, D. T., Sievers, S., &#38; Hartmann-Wendels, T. (2019). Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships. <i>Management Science (VHB-JOURQUAL 3 Ranking A+)</i>, <i>66</i>(4), 1756–1782. <a href=\"https://doi.org/10.1287/mnsc.2018.3274\">https://doi.org/10.1287/mnsc.2018.3274</a>"},"publication_identifier":{"issn":["0025-1909","1526-5501"]},"publication_status":"published","related_material":{"link":[{"url":"https://pubsonline.informs.org/doi/suppl/10.1287/mnsc.2018.3274/suppl_file/mnsc.2018.3274.sm1.pdf","relation":"supplementary_material"},{"relation":"other","url":"https://corpgov.law.harvard.edu/2018/01/13/paying-for-performance-in-private-equity-evidence-from-vc-partnerships"},{"relation":"earlier_version","url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3087320"}]},"article_type":"original","_id":"20688","department":[{"_id":"275"}],"user_id":"46447","status":"public","type":"journal_article"},{"_id":"20875","department":[{"_id":"275"}],"user_id":"46447","language":[{"iso":"eng"}],"type":"report","status":"public","publisher":"The Boston Consulting Group, Inc., M&A Report","date_updated":"2022-01-06T06:54:41Z","date_created":"2021-01-06T08:32:06Z","author":[{"id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers","first_name":"Sönke"},{"last_name":"Kengelbach","full_name":"Kengelbach, Jens","first_name":"Jens"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"last_name":"Bader","full_name":"Bader, Maximilian","first_name":"Maximilian"},{"full_name":"Degen, Dominik","last_name":"Degen","first_name":"Dominik"},{"first_name":"Jeff","last_name":"Gell","full_name":"Gell, Jeff"},{"full_name":"Nielsen, Jesper","last_name":"Nielsen","first_name":"Jesper"}],"title":"Downturns Are a Better Time For Deal Hunting","publication_status":"published","year":"2019","citation":{"bibtex":"@book{Sievers_Kengelbach_Keienburg_Bader_Degen_Gell_Nielsen_2019, title={Downturns Are a Better Time For Deal Hunting}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Kengelbach, Jens and Keienburg, Georg and Bader, Maximilian and Degen, Dominik and Gell, Jeff and Nielsen, Jesper}, year={2019} }","short":"S. Sievers, J. Kengelbach, G. Keienburg, M. Bader, D. Degen, J. Gell, J. Nielsen, Downturns Are a Better Time For Deal Hunting, The Boston Consulting Group, Inc., M&#38;A Report, 2019.","mla":"Sievers, Sönke, et al. <i>Downturns Are a Better Time For Deal Hunting</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2019.","apa":"Sievers, S., Kengelbach, J., Keienburg, G., Bader, M., Degen, D., Gell, J., &#38; Nielsen, J. (2019). <i>Downturns Are a Better Time For Deal Hunting</i>. The Boston Consulting Group, Inc., M&#38;A Report.","ieee":"S. Sievers <i>et al.</i>, <i>Downturns Are a Better Time For Deal Hunting</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2019.","chicago":"Sievers, Sönke, Jens Kengelbach, Georg Keienburg, Maximilian Bader, Dominik Degen, Jeff Gell, and Jesper Nielsen. <i>Downturns Are a Better Time For Deal Hunting</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2019.","ama":"Sievers S, Kengelbach J, Keienburg G, et al. <i>Downturns Are a Better Time For Deal Hunting</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2019."}},{"author":[{"last_name":"Mehring","full_name":"Mehring, Oliver","id":"36373","first_name":"Oliver"},{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"full_name":"Keienburg, Georg","last_name":"Keienburg","first_name":"Georg"},{"first_name":"Jens","last_name":"Kengelbach","full_name":"Kengelbach, Jens"}],"date_created":"2018-11-07T12:06:20Z","volume":"3-4","date_updated":"2022-01-06T07:01:52Z","publisher":"Corporate Finance","main_file_link":[{"url":"https://research.owlit.de/document/22b8e6a6-5e6c-3760-8595-2f639bd001d8"}],"title":"Wertgenerierung bei M&A Transaktionen durch Bekanntgabe von Synergien?","publication_status":"published","citation":{"ieee":"O. Mehring, S. Sievers, G. Keienburg, and J. Kengelbach, <i>Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?</i>, vol. 3–4. Corporate Finance, 2019, pp. 76–84.","chicago":"Mehring, Oliver, Sönke Sievers, Georg Keienburg, and Jens Kengelbach. <i>Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?</i> Vol. 3–4. Corporate Finance, 2019.","ama":"Mehring O, Sievers S, Keienburg G, Kengelbach J. <i>Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?</i> Vol 3-4. Corporate Finance; 2019:76-84.","bibtex":"@book{Mehring_Sievers_Keienburg_Kengelbach_2019, title={Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?}, volume={3–4}, publisher={Corporate Finance}, author={Mehring, Oliver and Sievers, Sönke and Keienburg, Georg and Kengelbach, Jens}, year={2019}, pages={76–84} }","short":"O. Mehring, S. Sievers, G. Keienburg, J. Kengelbach, Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?, Corporate Finance, 2019.","mla":"Mehring, Oliver, et al. <i>Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?</i> Vol. 3–4, Corporate Finance, 2019, pp. 76–84.","apa":"Mehring, O., Sievers, S., Keienburg, G., &#38; Kengelbach, J. (2019). <i>Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?</i> (Vol. 3–4, pp. 76–84). Corporate Finance."},"page":"76-84","year":"2019","user_id":"46447","department":[{"_id":"275"}],"_id":"5411","language":[{"iso":"ger"}],"type":"working_paper","status":"public","abstract":[{"text":"Öffentlich gelistete Firmen, die die Mehrheit an anderen börsennotierten Unternehmen er-werben und den Kapitalmarkt an den Synergieerwartungen teilhaben lassen, werden mit höheren kumulativen abnormalen Renditen im Ankündigungszeitpunkt belohnt verglichen mit solchen Unternehmen, die diese geheim halten. Des Weiteren ist die empirische Evi-denz konsistent mit der Idee, dass diese Käuferunternehmen ihre Transaktionen besser in-tegrieren, weil auch die industrieadjustierten Ein- und Zweijahresrenditen der ankündigen-den Unternehmen ökonomisch und statistisch signifikant höher sind als die der zurückhal-tenden Käuferfirmen. ","lang":"ger"}]},{"keyword":["Keywords: non-GAAP reporting","restatements","information content of earnings","firm value","overvaluation"],"language":[{"iso":"eng"}],"_id":"13137","department":[{"_id":"186"},{"_id":"189"}],"user_id":"46447","abstract":[{"lang":"eng","text":"Non-GAAP reporting is under debate as managers may opportunistically inflate non-GAAP earnings. By separating firms into groups based on exclusions of recurring expenses before material restatements occur this paper investigates whether market participants are misled based on ex-ante non-GAAP reporting. The results show a decline in cumulative abnormal returns (–11.8% aggressive non-GAAP Reporting vs. –2.7% non-aggressive non-GAAP reporting), reduction in overvaluation (–22.18% vs. no decline) and losses in the earnings response coefficient (–51.8% vs. no significant decline) for firms with prior aggressive non-GAAP reporting. Further, we document that investors are less responsive to aggressively reported non-GAAP earnings ex-post, indicating that increased attention enhances investor’s ability to see through the quality of non-GAAP exclusions. "}],"status":"public","type":"working_paper","title":"Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?","main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3415109"}],"date_updated":"2022-01-06T06:51:28Z","date_created":"2019-09-04T09:48:44Z","author":[{"full_name":"Müller, Jens","id":"1245","last_name":"Müller","first_name":"Jens"},{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"last_name":"Mehring","id":"36373","full_name":"Mehring, Oliver","first_name":"Oliver"},{"first_name":"Christian","last_name":"Sofilkanitsch","full_name":"Sofilkanitsch, Christian"}],"year":"2019","page":"65","citation":{"apa":"Müller, J., Sievers, S., Mehring, O., &#38; Sofilkanitsch, C. (2019). <i>Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?</i>","short":"J. Müller, S. Sievers, O. Mehring, C. Sofilkanitsch, Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?, 2019.","mla":"Müller, Jens, et al. <i>Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?</i> 2019.","bibtex":"@book{Müller_Sievers_Mehring_Sofilkanitsch_2019, title={Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?}, author={Müller, Jens and Sievers, Sönke and Mehring, Oliver and Sofilkanitsch, Christian}, year={2019} }","ieee":"J. Müller, S. Sievers, O. Mehring, and C. Sofilkanitsch, <i>Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?</i> 2019.","chicago":"Müller, Jens, Sönke Sievers, Oliver Mehring, and Christian Sofilkanitsch. <i>Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?</i>, 2019.","ama":"Müller J, Sievers S, Mehring O, Sofilkanitsch C. <i>Non-GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?</i>; 2019."},"jel":["H2","M41"],"publication_status":"published"},{"publication":"The 2019 M&A-Report","type":"journal_article","status":"public","citation":{"ama":"Kengelbach J, Keienburg G, Gell J, et al. Downturns are a better time for deal hunting. <i>The 2019 M&#38;A-Report</i>. Published online 2019.","ieee":"J. Kengelbach <i>et al.</i>, “Downturns are a better time for deal hunting,” <i>The 2019 M&#38;A-Report</i>, 2019.","chicago":"Kengelbach, Jens, Georg Keienburg, Jeff Gell, Jesper Nielsen, Maximilian Bader, Dominik Degen, and Sönke Sievers. “Downturns Are a Better Time for Deal Hunting.” <i>The 2019 M&#38;A-Report</i>, 2019.","bibtex":"@article{Kengelbach_Keienburg_Gell_Nielsen_Bader_Degen_Sievers_2019, title={Downturns are a better time for deal hunting}, journal={The 2019 M&#38;A-Report}, publisher={The Boston Consulting Group}, author={Kengelbach, Jens and Keienburg, Georg and Gell, Jeff and Nielsen, Jesper and Bader, Maximilian and Degen, Dominik and Sievers, Sönke}, year={2019} }","short":"J. Kengelbach, G. Keienburg, J. Gell, J. Nielsen, M. Bader, D. Degen, S. Sievers, The 2019 M&#38;A-Report (2019).","mla":"Kengelbach, Jens, et al. “Downturns Are a Better Time for Deal Hunting.” <i>The 2019 M&#38;A-Report</i>, The Boston Consulting Group, 2019.","apa":"Kengelbach, J., Keienburg, G., Gell, J., Nielsen, J., Bader, M., Degen, D., &#38; Sievers, S. (2019). Downturns are a better time for deal hunting. <i>The 2019 M&#38;A-Report</i>."},"year":"2019","author":[{"full_name":"Kengelbach, Jens","last_name":"Kengelbach","first_name":"Jens"},{"first_name":"Georg","full_name":"Keienburg, Georg","last_name":"Keienburg"},{"first_name":"Jeff","last_name":"Gell","full_name":"Gell, Jeff"},{"last_name":"Nielsen","full_name":"Nielsen, Jesper","first_name":"Jesper"},{"full_name":"Bader, Maximilian","last_name":"Bader","first_name":"Maximilian"},{"first_name":"Dominik","full_name":"Degen, Dominik","last_name":"Degen"},{"first_name":"Sönke","id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers"}],"date_created":"2023-01-03T08:27:35Z","user_id":"26589","_id":"35120","publisher":"The Boston Consulting Group","date_updated":"2023-01-03T08:30:02Z","language":[{"iso":"eng"}],"title":"Downturns are a better time for deal hunting"}]