[{"_id":"65379","user_id":"115848","department":[{"_id":"186"},{"_id":"275"}],"language":[{"iso":"ger"}],"type":"working_paper","abstract":[{"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.","lang":"ger"}],"status":"public","publisher":"KoR","date_updated":"2026-04-08T10:02:30Z","author":[{"first_name":"Philipp","last_name":"Hofmann","full_name":"Hofmann, Philipp"},{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447"},{"first_name":"Reeyarn","full_name":"Li, Reeyarn","id":"102450","last_name":"Li"}],"date_created":"2026-04-08T10:01:11Z","volume":"Heft 7-8/2025","title":"ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen","doi":"KORKOR1476665","publication_status":"published","publication_identifier":{"unknown":["1617-8084"]},"year":"2025","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>","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.","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>.","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>","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>.","short":"P. Hofmann, S. Sievers, R. Li, ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen, KoR, 2025.","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} }"},"page":"251-258"},{"abstract":[{"text":"This paper introduces a predictive model for German mergers and acquisitions (M& A) activity leveraging deep feedforward neural networks (DFNN) incorporating well-established traditional variables (also known as features), along with a ChatGPT-based M& A sentiment score (MASS) and unconventional predictors such as beer sales and weather data. We demonstrate that the inclusion of sentiment and non-traditional variables enhances predictive performance. Our findings provide an important empirical foundation for understanding near-term fluctuations in German M& A activity and offer a forecasting tool relevant to both practitioners and researchers.","lang":"eng"}],"status":"public","type":"working_paper","language":[{"iso":"eng"}],"_id":"65383","user_id":"115848","series_title":"Corporate Finance","department":[{"_id":"275"}],"year":"2025","citation":{"bibtex":"@book{Sievers_Li_Degen_Kengelbach_Pietrogrande_2025, series={Corporate Finance}, title={Beer, Cars &#38; Fundamentals: Predicting German M&#38; A activity}, volume={Heft 11-12/2025}, DOI={<a href=\"https://doi.org/CFCF1480783\">CFCF1480783</a>}, author={Sievers, Sönke and Li, Reeyarn and Degen, Dominik and Kengelbach, Jens and Pietrogrande, Francesca}, year={2025}, pages={302–308}, collection={Corporate Finance} }","short":"S. Sievers, R. Li, D. Degen, J. Kengelbach, F. Pietrogrande, Beer, Cars &#38; Fundamentals: Predicting German M&#38; A Activity, 2025.","mla":"Sievers, Sönke, et al. <i>Beer, Cars &#38; Fundamentals: Predicting German M&#38; A Activity</i>. 2025, pp. 302–08, doi:<a href=\"https://doi.org/CFCF1480783\">CFCF1480783</a>.","apa":"Sievers, S., Li, R., Degen, D., Kengelbach, J., &#38; Pietrogrande, F. (2025). <i>Beer, Cars &#38; Fundamentals: Predicting German M&#38; A activity: Vol. Heft 11-12/2025</i> (pp. 302–308). <a href=\"https://doi.org/CFCF1480783\">https://doi.org/CFCF1480783</a>","ama":"Sievers S, Li R, Degen D, Kengelbach J, Pietrogrande F. <i>Beer, Cars &#38; Fundamentals: Predicting German M&#38; A Activity</i>. Vol Heft 11-12/2025.; 2025:302-308. doi:<a href=\"https://doi.org/CFCF1480783\">CFCF1480783</a>","chicago":"Sievers, Sönke, Reeyarn Li, Dominik Degen, Jens Kengelbach, and Francesca Pietrogrande. <i>Beer, Cars &#38; Fundamentals: Predicting German M&#38; A Activity</i>. Vol. Heft 11-12/2025. Corporate Finance, 2025. <a href=\"https://doi.org/CFCF1480783\">https://doi.org/CFCF1480783</a>.","ieee":"S. Sievers, R. Li, D. Degen, J. Kengelbach, and F. Pietrogrande, <i>Beer, Cars &#38; Fundamentals: Predicting German M&#38; A activity</i>, vol. Heft 11-12/2025. 2025, pp. 302–308."},"page":"302-308","publication_status":"published","publication_identifier":{"issn":["1437-8981"]},"title":"Beer, Cars & Fundamentals: Predicting German M& A activity","doi":"CFCF1480783","date_updated":"2026-04-09T07:42:58Z","date_created":"2026-04-09T07:42:13Z","author":[{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"},{"first_name":"Reeyarn","last_name":"Li","id":"102450","full_name":"Li, Reeyarn"},{"full_name":"Degen, Dominik","last_name":"Degen","first_name":"Dominik"},{"last_name":"Kengelbach","full_name":"Kengelbach, Jens","first_name":"Jens"},{"first_name":"Francesca","last_name":"Pietrogrande","full_name":"Pietrogrande, Francesca"}],"volume":"Heft 11-12/2025"},{"language":[{"iso":"eng"}],"title":"Green Deals Gain Steam ","department":[{"_id":"275"}],"author":[{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"last_name":"Söllner","full_name":"Söllner, Tobias","first_name":"Tobias"},{"first_name":"Yiran","full_name":"Wang, Yiran","last_name":"Wang"},{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"first_name":"Daniel","full_name":"Friedmann, Daniel","last_name":"Friedmann"},{"first_name":"Jesper","full_name":"Nielsen, Jesper","last_name":"Nielsen"}],"user_id":"26589","date_created":"2023-01-10T09:26:24Z","_id":"35719","date_updated":"2023-01-10T09:31:54Z","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>.","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} }","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).","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.","ieee":"J. Kengelbach <i>et al.</i>, “Green Deals Gain Steam ,” <i>BCG M&#38;A Report 2022</i>, 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."},"year":"2022","publication":"BCG M&A Report 2022","type":"journal_article"},{"citation":{"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} }","short":"J. Kengelbach, D. Friedman, G. Keienburg, D. Degen, T. Söllner, Y. Wang, S. Sievers, BCG M&#38;A Report 2022 (2022).","mla":"Kengelbach, Jens, et al. “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>.","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.","ieee":"J. Kengelbach <i>et al.</i>, “Do Green Deals Create Value? ,” <i>BCG M&#38;A Report 2022</i>, 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."},"status":"public","year":"2022","type":"journal_article","publication":"BCG M&A Report 2022","language":[{"iso":"eng"}],"title":"Do Green Deals Create Value? ","author":[{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"},{"last_name":"Friedman","full_name":"Friedman, Daniel","first_name":"Daniel"},{"first_name":"Georg","full_name":"Keienburg, Georg","last_name":"Keienburg"},{"last_name":"Degen","full_name":"Degen, Dominik","first_name":"Dominik"},{"last_name":"Söllner","full_name":"Söllner, Tobias","first_name":"Tobias"},{"full_name":"Wang, Yiran","last_name":"Wang","first_name":"Yiran"},{"first_name":"Sönke","id":"46447","full_name":"Sievers, Sönke","last_name":"Sievers"}],"date_created":"2023-01-10T09:33:26Z","user_id":"26589","department":[{"_id":"275"}],"date_updated":"2023-01-10T09:35:26Z","_id":"35722"},{"publisher":"The Boston Consulting Group, Inc., M&A Report","date_updated":"2022-01-06T06:54:41Z","author":[{"last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447","first_name":"Sönke"},{"full_name":"Keienburg, Georg","last_name":"Keienburg","first_name":"Georg"},{"first_name":"Dominik","last_name":"Degen","full_name":"Degen, Dominik"},{"full_name":"Söllner, Tobias","last_name":"Söllner","first_name":"Tobias"},{"full_name":"Kashyrkin, Anton","last_name":"Kashyrkin","first_name":"Anton"}],"date_created":"2021-01-06T08:14:16Z","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"}],"publication_status":"published","year":"2020","citation":{"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.","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.","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.","mla":"Sievers, Sönke, et al. <i>Alternative Deals Gain Traction</i>. 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} }","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.","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."},"_id":"20873","department":[{"_id":"275"}],"user_id":"46447","language":[{"iso":"eng"}],"type":"report","status":"public"},{"user_id":"46447","department":[{"_id":"275"}],"_id":"20874","language":[{"iso":"ger"}],"article_type":"original","type":"journal_article","publication":"M&A Review","status":"public","date_created":"2021-01-06T08:23:26Z","author":[{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"},{"last_name":"Degen","full_name":"Degen, Dominik","first_name":"Dominik"},{"last_name":"Kim","full_name":"Kim, Daniel","first_name":"Daniel"},{"last_name":"Kengelbach","full_name":"Kengelbach, Jens","first_name":"Jens"}],"date_updated":"2022-01-06T06:54:41Z","main_file_link":[{"url":"https://ma-review.de/downturn-ma-die-erfolgsstrategie-der-stunde/"}],"title":"Downturn M&A: Die Erfolgsstrategie der Stunde?","publication_status":"published","citation":{"ieee":"S. Sievers, D. Degen, D. Kim, and J. Kengelbach, “Downturn M&#38;A: Die Erfolgsstrategie der Stunde?,” <i>M&#38;A Review</i>, pp. 266–271, 2020.","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.","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.","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.","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} }","mla":"Sievers, Sönke, et al. “Downturn M&#38;A: Die Erfolgsstrategie der Stunde?” <i>M&#38;A Review</i>, 2020, pp. 266–71.","short":"S. Sievers, D. Degen, D. Kim, J. Kengelbach, M&#38;A Review (2020) 266–271."},"page":"266-271","year":"2020"},{"date_updated":"2022-01-06T06:54:41Z","publisher":"The Boston Consulting Group, Inc., M&A Report","author":[{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"},{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"},{"first_name":"Georg","last_name":"Keienburg","full_name":"Keienburg, Georg"},{"first_name":"Maximilian","last_name":"Bader","full_name":"Bader, Maximilian"},{"first_name":"Dominik","full_name":"Degen, Dominik","last_name":"Degen"},{"first_name":"Jeff","last_name":"Gell","full_name":"Gell, Jeff"},{"full_name":"Nielsen, Jesper","last_name":"Nielsen","first_name":"Jesper"}],"date_created":"2021-01-06T08:32:06Z","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.","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.","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.","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."},"_id":"20875","department":[{"_id":"275"}],"user_id":"46447","language":[{"iso":"eng"}],"type":"report","status":"public"},{"year":"2019","page":"76-84","citation":{"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.","short":"O. Mehring, S. Sievers, G. Keienburg, J. Kengelbach, Wertgenerierung bei M&#38;A Transaktionen durch Bekanntgabe von Synergien?, Corporate Finance, 2019.","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} }","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.","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."},"publication_status":"published","title":"Wertgenerierung bei M&A Transaktionen durch Bekanntgabe von Synergien?","main_file_link":[{"url":"https://research.owlit.de/document/22b8e6a6-5e6c-3760-8595-2f639bd001d8"}],"publisher":"Corporate Finance","date_updated":"2022-01-06T07:01:52Z","volume":"3-4","author":[{"id":"36373","full_name":"Mehring, Oliver","last_name":"Mehring","first_name":"Oliver"},{"full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers","first_name":"Sönke"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"}],"date_created":"2018-11-07T12:06:20Z","abstract":[{"lang":"ger","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. "}],"status":"public","type":"working_paper","language":[{"iso":"ger"}],"_id":"5411","department":[{"_id":"275"}],"user_id":"46447"},{"article_type":"original","user_id":"115848","department":[{"_id":"275"}],"_id":"20688","status":"public","type":"journal_article","main_file_link":[{"url":"https://pubsonline.informs.org/doi/10.1287/mnsc.2018.3274"}],"doi":"10.1287/mnsc.2018.3274","author":[{"first_name":"Niklas","last_name":"Hüther","full_name":"Hüther, Niklas"},{"first_name":"David T.","full_name":"Robinson, David T.","last_name":"Robinson"},{"last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447","first_name":"Sönke"},{"first_name":"Thomas","full_name":"Hartmann-Wendels, Thomas","last_name":"Hartmann-Wendels"}],"volume":66,"date_updated":"2026-04-09T08:27:26Z","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 4 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>","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 4 Ranking A+)</i>, vol. 66, no. 4, pp. 1756–1782, 2019, 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 4 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>.","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 4 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>","short":"N. Hüther, D.T. Robinson, S. Sievers, T. Hartmann-Wendels, Management Science (VHB-JOURQUAL 4 Ranking A+) 66 (2019) 1756–1782.","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 4 Ranking A+)}, author={Hüther, Niklas and Robinson, David T. and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2019}, pages={1756–1782} }","mla":"Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.” <i>Management Science (VHB-JOURQUAL 4 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>."},"intvolume":"        66","page":"1756-1782","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"},{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3087320","relation":"earlier_version"}]},"publication_status":"published","publication_identifier":{"issn":["0025-1909","1526-5501"]},"language":[{"iso":"eng"}],"keyword":["venture capital","compensation","private equity","VC partnership","pay-performance relation"],"abstract":[{"lang":"eng","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."}],"publication":"Management Science (VHB-JOURQUAL 4 Ranking A+)","title":"Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships","date_created":"2020-12-08T13:19:35Z","year":"2019","issue":"4","quality_controlled":"1"},{"year":"2018","citation":{"bibtex":"@book{Sievers_Keienburg_Schmid_Degen_2018, title={Synergies Take Center Stage}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Keienburg, Georg and Schmid, Timo and Degen, Dominik}, year={2018} }","short":"S. Sievers, G. Keienburg, T. Schmid, D. Degen, Synergies Take Center Stage, The Boston Consulting Group, Inc., M&#38;A Report, 2018.","mla":"Sievers, Sönke, et al. <i>Synergies Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2018.","apa":"Sievers, S., Keienburg, G., Schmid, T., &#38; Degen, D. (2018). <i>Synergies Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report.","ieee":"S. Sievers, G. Keienburg, T. Schmid, and D. Degen, <i>Synergies Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2018.","chicago":"Sievers, Sönke, Georg Keienburg, Timo Schmid, and Dominik Degen. <i>Synergies Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2018.","ama":"Sievers S, Keienburg G, Schmid T, Degen D. <i>Synergies Take Center Stage</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2018."},"publication_status":"published","title":"Synergies Take Center Stage","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/BCG-Synergies-Take-Center-Stage-Sep-2018_FINAL."}],"publisher":"The Boston Consulting Group, Inc., M&A Report","date_updated":"2022-01-06T06:54:41Z","date_created":"2021-01-06T08:39:28Z","author":[{"last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke","first_name":"Sönke"},{"full_name":"Keienburg, Georg","last_name":"Keienburg","first_name":"Georg"},{"first_name":"Timo","last_name":"Schmid","full_name":"Schmid, Timo"},{"full_name":"Degen, Dominik","last_name":"Degen","first_name":"Dominik"}],"status":"public","type":"report","language":[{"iso":"eng"}],"_id":"20876","department":[{"_id":"275"}],"user_id":"46447"},{"status":"public","type":"report","language":[{"iso":"ger"}],"department":[{"_id":"275"}],"user_id":"46447","_id":"20878","citation":{"ama":"Sievers S. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>; 2018.","chicago":"Sievers, Sönke. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>, 2018.","ieee":"S. Sievers, <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i> 2018.","short":"S. Sievers, Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz., 2018.","bibtex":"@book{Sievers_2018, title={Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.}, author={Sievers, Sönke}, year={2018} }","mla":"Sievers, Sönke. <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i> 2018.","apa":"Sievers, S. (2018). <i>Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&#38;A Transaktionen – Deutsche und weltweite Evidenz.</i>"},"year":"2018","publication_status":"published","main_file_link":[{"url":"https://www.tax-legal-excellence.com/kapitalmarktorientierte-erfolgsmessung-ma-transaktionen-weltweite-evidenz/"}],"title":"Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.","author":[{"first_name":"Sönke","last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke"}],"date_created":"2021-01-06T10:05:37Z","date_updated":"2022-01-06T06:54:41Z"},{"language":[{"iso":"eng"}],"user_id":"46447","department":[{"_id":"275"}],"_id":"20879","status":"public","type":"report","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/BCG-As-Prices-Peak-Should-Dealmakers-Wait-for-the-Next-Downturn-Mar-2018.pdf"}],"title":"Update on the M&A market entitled As Prices Peak, Should Dealmakers wait for the next Downturn?","date_created":"2021-01-06T10:11:15Z","author":[{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"last_name":"Degen","full_name":"Degen, Dominik","first_name":"Dominik"},{"first_name":"Georg","last_name":"Keienburg","full_name":"Keienburg, Georg"},{"first_name":"Timo","last_name":"Schmid","full_name":"Schmid, Timo"},{"first_name":"Jens","last_name":"Kengelbach","full_name":"Kengelbach, Jens"}],"date_updated":"2022-01-06T06:54:41Z","publisher":"The Boston Consulting Group, Inc., M&A Report","citation":{"apa":"Sievers, S., Degen, D., Keienburg, G., Schmid, T., &#38; Kengelbach, J. (2018). <i>Update on the M&#38;A market entitled As Prices Peak, Should Dealmakers wait for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report.","mla":"Sievers, Sönke, et al. <i>Update on the M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report, 2018.","bibtex":"@book{Sievers_Degen_Keienburg_Schmid_Kengelbach_2018, title={Update on the M&#38;A market entitled As Prices Peak, Should Dealmakers wait for the next Downturn?}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Degen, Dominik and Keienburg, Georg and Schmid, Timo and Kengelbach, Jens}, year={2018} }","short":"S. Sievers, D. Degen, G. Keienburg, T. Schmid, J. Kengelbach, Update on the M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?, The Boston Consulting Group, Inc., M&#38;A Report, 2018.","ama":"Sievers S, Degen D, Keienburg G, Schmid T, Kengelbach J. <i>Update on the M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report; 2018.","ieee":"S. Sievers, D. Degen, G. Keienburg, T. Schmid, and J. Kengelbach, <i>Update on the M&#38;A market entitled As Prices Peak, Should Dealmakers wait for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report, 2018.","chicago":"Sievers, Sönke, Dominik Degen, Georg Keienburg, Timo Schmid, and Jens Kengelbach. <i>Update on the M&#38;A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?</i> The Boston Consulting Group, Inc., M&#38;A Report, 2018."},"year":"2018","publication_status":"published"},{"date_updated":"2022-01-06T06:54:41Z","author":[{"first_name":"Sönke","last_name":"Sievers","full_name":"Sievers, Sönke","id":"46447"},{"first_name":"David T.","last_name":"Robinson","full_name":"Robinson, David T."},{"last_name":"Hüther","full_name":"Hüther, Niklas","first_name":"Niklas"},{"first_name":"Thomas","full_name":"Hartmann-Wendels, Thomas","last_name":"Hartmann-Wendels"}],"date_created":"2021-01-06T10:15:11Z","title":"Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2018-01-13-paying-for-performance-in-private-equity-evidence-from-vc-par....pdf"}],"publication_status":"published","year":"2018","place":"Havard ","citation":{"apa":"Sievers, S., Robinson, D. T., Hüther, N., &#38; Hartmann-Wendels, T. (2018). <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> Havard .","short":"S. Sievers, D.T. Robinson, N. Hüther, T. Hartmann-Wendels, Post on Paying for Performance in Private Equity: Evidence from VC Partnerships., Havard , 2018.","bibtex":"@book{Sievers_Robinson_Hüther_Hartmann-Wendels_2018, place={Havard }, title={Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.}, author={Sievers, Sönke and Robinson, David T. and Hüther, Niklas and Hartmann-Wendels, Thomas}, year={2018} }","mla":"Sievers, Sönke, et al. <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> 2018.","ama":"Sievers S, Robinson DT, Hüther N, Hartmann-Wendels T. <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> Havard ; 2018.","chicago":"Sievers, Sönke, David T. Robinson, Niklas Hüther, and Thomas Hartmann-Wendels. <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> Havard , 2018.","ieee":"S. Sievers, D. T. Robinson, N. Hüther, and T. Hartmann-Wendels, <i>Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.</i> Havard , 2018."},"_id":"20880","user_id":"46447","department":[{"_id":"275"}],"language":[{"iso":"eng"}],"type":"report","status":"public"},{"department":[{"_id":"275"}],"user_id":"36049","_id":"4874","language":[{"iso":"ger"}],"article_type":"original","publication":"Die Wirtschaftsprüfung","type":"journal_article","status":"public","abstract":[{"text":"Restrukturierungen werden sowohl durch die Digitalisierung, aber auch durch klassische Themen – beispielsweise\r\ndie Notwendigkeit von Umsatz- und Kostensynergien in kompetitiven Märkten – verstärkt vorangetrieben.\r\nDieser Beitrag beleuchtet vor allem die Motive und Folgen aus wissenschaftlicher Perspektive, indem großzahlige\r\nempirische Befunde zu den Themen Beschäftigung, Finanzkennzahlen und Kapitalerhöhungen sowie steuerliche\r\nMotive prägnant zusammengefasst und im Kontext des geplanten Joint Ventures von thyssenkrupp und Tata\r\nSteel diskutiert werden.","lang":"ger"}],"volume":71,"date_created":"2018-10-26T07:22:22Z","author":[{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"first_name":"Caren","full_name":"Sureth-Sloane, Caren","id":"530","last_name":"Sureth-Sloane","orcid":" 0000-0002-8183-5901"},{"first_name":"André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","id":"36049","full_name":"Uhde, André"}],"date_updated":"2024-04-17T13:34:51Z","main_file_link":[{"url":"https://www.idw.de/blob/108664/22a8a20e1240f553a0e6794daf8541c4/down-2018-09-data.pdf"}],"title":"Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp","issue":"9","publication_status":"published","page":"569-575","intvolume":"        71","citation":{"ama":"Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>. 2018;71(9):569-575.","chicago":"Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i> 71, no. 9 (2018): 569–75.","ieee":"S. Sievers, C. Sureth-Sloane, and A. Uhde, “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp,” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, pp. 569–575, 2018.","short":"S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018) 569–575.","mla":"Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” <i>Die Wirtschaftsprüfung</i>, vol. 71, no. 9, 2018, pp. 569–75.","bibtex":"@article{Sievers_Sureth-Sloane_Uhde_2018, title={Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp}, volume={71}, number={9}, journal={Die Wirtschaftsprüfung}, author={Sievers, Sönke and Sureth-Sloane, Caren and Uhde, André}, year={2018}, pages={569–575} }","apa":"Sievers, S., Sureth-Sloane, C., &#38; Uhde, A. (2018). Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp. <i>Die Wirtschaftsprüfung</i>, <i>71</i>(9), 569–575."},"year":"2018"},{"language":[{"iso":"eng"}],"keyword":["Financial distress prediction","probability of default","accounting information","stochastic processes","simulation"],"user_id":"46447","department":[{"_id":"275"}],"_id":"20868","status":"public","abstract":[{"text":"This study proposes a simple theoretical framework that allows for assessing financial distress up to five years in advance. We jointly model financial distress by using two of its key driving factors: declining cash-generating ability and insufficient liquidity reserves. The model is based on stochastic processes and incorporates firm-level and industry-sector developments. A large-scale empirical implementation for US-listed firms over the period of 1980-2010 shows important improvements in the discriminatory accuracy and demonstrates incremental information content beyond state-of-the-art accounting and market-based prediction models. Consequently, this study might provide important ex ante warning signals for investors, regulators and practitioners.","lang":"eng"}],"type":"working_paper","main_file_link":[{"url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2237757"}],"doi":"10.2139/ssrn.2237757","title":"Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence","date_created":"2021-01-05T11:44:45Z","author":[{"first_name":"Sönke","full_name":"Sievers, Sönke","id":"46447","last_name":"Sievers"},{"first_name":"Jan","last_name":"Klobucnik","full_name":"Klobucnik, Jan"},{"first_name":"David","last_name":"Miersch","full_name":"Miersch, David"}],"date_updated":"2022-01-06T06:54:41Z","citation":{"ama":"Sievers S, Klobucnik J, Miersch D. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>.; 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>","chicago":"Sievers, Sönke, Jan Klobucnik, and David Miersch. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.2237757\">https://doi.org/10.2139/ssrn.2237757</a>.","ieee":"S. Sievers, J. Klobucnik, and D. Miersch, <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. 2017.","short":"S. Sievers, J. Klobucnik, D. Miersch, Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence, 2017.","bibtex":"@book{Sievers_Klobucnik_Miersch_2017, title={Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence}, DOI={<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>}, author={Sievers, Sönke and Klobucnik, Jan and Miersch, David}, year={2017} }","mla":"Sievers, Sönke, et al. <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.2237757\">10.2139/ssrn.2237757</a>.","apa":"Sievers, S., Klobucnik, J., &#38; Miersch, D. (2017). <i>Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence</i>. <a href=\"https://doi.org/10.2139/ssrn.2237757\">https://doi.org/10.2139/ssrn.2237757</a>"},"jel":["C63","C52","C53","G33","M41"],"page":"84","year":"2017","publication_status":"published"},{"publication_status":"published","year":"2017","citation":{"apa":"Sievers, S., Kengelbach, J., Keienburg, G., Schmid, T., Gjersta, K., Nielsen, J., &#38; Walker, D. (2017). <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report.","mla":"Sievers, Sönke, et al. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017.","bibtex":"@book{Sievers_Kengelbach_Keienburg_Schmid_Gjersta_Nielsen_Walker_2017, title={The Technology Takeover}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Sievers, Sönke and Kengelbach, Jens and Keienburg, Georg and Schmid, Timo and Gjersta, Ketil and Nielsen, Jesper and Walker, Decker}, year={2017} }","short":"S. Sievers, J. Kengelbach, G. Keienburg, T. Schmid, K. Gjersta, J. Nielsen, D. Walker, The Technology Takeover, The Boston Consulting Group, Inc., M&#38;A Report, 2017.","ama":"Sievers S, Kengelbach J, Keienburg G, et al. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2017.","ieee":"S. Sievers <i>et al.</i>, <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017.","chicago":"Sievers, Sönke, Jens Kengelbach, Georg Keienburg, Timo Schmid, Ketil Gjersta, Jesper Nielsen, and Decker Walker. <i>The Technology Takeover</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2017."},"date_updated":"2022-01-06T07:01:41Z","publisher":"The Boston Consulting Group, Inc., M&A Report","author":[{"last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke","first_name":"Sönke"},{"first_name":"Jens","full_name":"Kengelbach, Jens","last_name":"Kengelbach"},{"last_name":"Keienburg","full_name":"Keienburg, Georg","first_name":"Georg"},{"first_name":"Timo","last_name":"Schmid","full_name":"Schmid, Timo"},{"full_name":"Gjersta, Ketil","last_name":"Gjersta","first_name":"Ketil"},{"full_name":"Nielsen, Jesper","last_name":"Nielsen","first_name":"Jesper"},{"full_name":"Walker, Decker","last_name":"Walker","first_name":"Decker"}],"date_created":"2018-10-31T10:19:03Z","title":"The Technology Takeover","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2017_MA_Report_The_Technology_Takeover_BCG_Uni_Paderborn.pdf"}],"type":"report","status":"public","_id":"5174","department":[{"_id":"275"}],"user_id":"46447","language":[{"iso":"eng"}]},{"title":"Paying for Performance in Private Equity: Evidence from VC Partnerships","doi":"10.2139/ssrn.3087320","date_updated":"2022-01-06T07:01:41Z","date_created":"2018-10-31T10:48:46Z","author":[{"last_name":"Hüther","full_name":"Hüther, Niklas","first_name":"Niklas"},{"full_name":"Robinson, David","last_name":"Robinson","first_name":"David"},{"last_name":"Sievers","full_name":"Sievers, Sönke","first_name":"Sönke"},{"first_name":"Thomas","last_name":"Hartmann-Wendels","full_name":"Hartmann-Wendels, Thomas"}],"year":"2017","jel":["G10","G23","G24"],"citation":{"ama":"Hüther N, Robinson D, Sievers S, Hartmann-Wendels T. Paying for Performance in Private Equity: Evidence from VC Partnerships. <i>SSRN Electronic Journal</i>. 2017. doi:<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>","ieee":"N. Hüther, D. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for Performance in Private Equity: Evidence from VC Partnerships,” <i>SSRN Electronic Journal</i>, 2017.","chicago":"Hüther, Niklas, David Robinson, Sönke Sievers, and Thomas Hartmann-Wendels. “Paying for Performance in Private Equity: Evidence from VC Partnerships.” <i>SSRN Electronic Journal</i>, 2017. <a href=\"https://doi.org/10.2139/ssrn.3087320\">https://doi.org/10.2139/ssrn.3087320</a>.","bibtex":"@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2017, title={Paying for Performance in Private Equity: Evidence from VC Partnerships}, DOI={<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>}, journal={SSRN Electronic Journal}, author={Hüther, Niklas and Robinson, David and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2017} }","mla":"Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence from VC Partnerships.” <i>SSRN Electronic Journal</i>, 2017, doi:<a href=\"https://doi.org/10.2139/ssrn.3087320\">10.2139/ssrn.3087320</a>.","short":"N. Hüther, D. Robinson, S. Sievers, T. Hartmann-Wendels, SSRN Electronic Journal (2017).","apa":"Hüther, N., Robinson, D., Sievers, S., &#38; Hartmann-Wendels, T. (2017). Paying for Performance in Private Equity: Evidence from VC Partnerships. <i>SSRN Electronic Journal</i>. <a href=\"https://doi.org/10.2139/ssrn.3087320\">https://doi.org/10.2139/ssrn.3087320</a>"},"keyword":["venture capital","compensation","private equity","VC partnership","pay-performance relation"],"language":[{"iso":"eng"}],"_id":"5185","department":[{"_id":"275"}],"user_id":"64756","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"}],"status":"public","publication":"SSRN Electronic Journal","type":"journal_article"},{"user_id":"64756","department":[{"_id":"275"}],"_id":"5199","language":[{"iso":"eng"}],"keyword":["Financial distress prediction","probability of default","accounting information","stochastic processes","simulation"],"type":"journal_article","publication":"SSRN Electronic Journal","status":"public","abstract":[{"lang":"eng","text":"This study proposes a simple theoretical framework that allows for assessing financial distress up to five years in advance. We jointly model financial distress by using two of its key driving factors: declining cash-generating ability and insufficient liquidity reserves. The model is based on stochastic processes and incorporates firm-level and industry-sector developments. A large-scale empirical implementation for US-listed firms over the period of 1980-2010 shows important improvements in the discriminatory accuracy and demonstrates incremental information content beyond state-of-the-art accounting and market-based prediction models. Consequently, this study might provide important ex ante warning signals for investors, regulators and practitioners. "}],"date_created":"2018-10-31T12:19:42Z","author":[{"last_name":"Klobucnik","full_name":"Klobucnik, Jan","first_name":"Jan"},{"first_name":"David","full_name":"Miersch, David","last_name":"Miersch"},{"last_name":"Sievers","full_name":"Sievers, Sönke","first_name":"Sönke"}],"date_updated":"2022-01-06T07:01:43Z","title":"Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence","publication_status":"published","jel":["C63","C52","C53","G33","M41"],"citation":{"ama":"Klobucnik J, Miersch D, Sievers S. Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence. <i>SSRN Electronic Journal</i>. 2017.","ieee":"J. Klobucnik, D. Miersch, and S. Sievers, “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence,” <i>SSRN Electronic Journal</i>, 2017.","chicago":"Klobucnik, Jan, David Miersch, and Sönke Sievers. “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence.” <i>SSRN Electronic Journal</i>, 2017.","apa":"Klobucnik, J., Miersch, D., &#38; Sievers, S. (2017). Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence. <i>SSRN Electronic Journal</i>.","mla":"Klobucnik, Jan, et al. “Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence.” <i>SSRN Electronic Journal</i>, 2017.","bibtex":"@article{Klobucnik_Miersch_Sievers_2017, title={Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence}, journal={SSRN Electronic Journal}, author={Klobucnik, Jan and Miersch, David and Sievers, Sönke}, year={2017} }","short":"J. Klobucnik, D. Miersch, S. Sievers, SSRN Electronic Journal (2017)."},"year":"2017"},{"type":"journal_article","publication":"Credit and Capital Markets--Kredit und Kapital","status":"public","abstract":[{"text":"This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank’s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which makes prices more competitive and smoothes the setting of interest rates. By employing state-of-the-art stochastic frontier efficiency measures to capture a bank’s operational efficiency, we take a look at the bank customers’ perspective and demonstrate the extent to which bor-rowers benefit from cost-efficient banking. ","lang":"eng"}],"user_id":"64756","department":[{"_id":"275"}],"_id":"4586","language":[{"iso":"eng"}],"article_type":"letter_note","keyword":["interest rate pass-through models","error correction models","bank efficiency","cost efficiency","stochastic frontier analysis"],"issue":"1","publication_status":"published","citation":{"ama":"Schlueter T, Busch R, Sievers S, Hartmann-Wendels T. Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? <i>Credit and Capital Markets--Kredit und Kapital</i>. 2016;49(1):93-125. doi:<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>","ieee":"T. Schlueter, R. Busch, S. Sievers, and T. Hartmann-Wendels, “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?,” <i>Credit and Capital Markets--Kredit und Kapital</i>, vol. 49, no. 1, pp. 93–125, 2016.","chicago":"Schlueter, Tobias, Ramona Busch, Soenke Sievers, and Thomas Hartmann-Wendels. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” <i>Credit and Capital Markets--Kredit Und Kapital</i> 49, no. 1 (2016): 93–125. <a href=\"https://doi.org/10.3790/ccm.49.1.93\">https://doi.org/10.3790/ccm.49.1.93</a>.","mla":"Schlueter, Tobias, et al. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” <i>Credit and Capital Markets--Kredit Und Kapital</i>, vol. 49, no. 1, 2016, pp. 93–125, doi:<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>.","bibtex":"@article{Schlueter_Busch_Sievers_Hartmann-Wendels_2016, title={Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?}, volume={49}, DOI={<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>}, number={1}, journal={Credit and Capital Markets--Kredit und Kapital}, author={Schlueter, Tobias and Busch, Ramona and Sievers, Soenke and Hartmann-Wendels, Thomas}, year={2016}, pages={93–125} }","short":"T. Schlueter, R. Busch, S. Sievers, T. Hartmann-Wendels, Credit and Capital Markets--Kredit Und Kapital 49 (2016) 93–125.","apa":"Schlueter, T., Busch, R., Sievers, S., &#38; Hartmann-Wendels, T. (2016). Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? <i>Credit and Capital Markets--Kredit Und Kapital</i>, <i>49</i>(1), 93–125. <a href=\"https://doi.org/10.3790/ccm.49.1.93\">https://doi.org/10.3790/ccm.49.1.93</a>"},"jel":["G21","G28"],"page":"93-125","intvolume":"        49","year":"2016","date_created":"2018-10-09T09:04:17Z","author":[{"first_name":"Tobias","full_name":"Schlueter, Tobias","last_name":"Schlueter"},{"last_name":"Busch","full_name":"Busch, Ramona","first_name":"Ramona"},{"full_name":"Sievers, Soenke","last_name":"Sievers","first_name":"Soenke"},{"full_name":"Hartmann-Wendels, Thomas","last_name":"Hartmann-Wendels","first_name":"Thomas"}],"volume":49,"date_updated":"2022-01-06T07:01:14Z","doi":"10.3790/ccm.49.1.93","title":"Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?"},{"language":[{"iso":"eng"}],"department":[{"_id":"275"}],"user_id":"46447","_id":"5200","status":"public","type":"report","main_file_link":[{"url":"https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2016_MA_Report_Masters_of_the_Corporate_Portfolio_BCG_Uni_Paderborn.pdf"}],"title":"Masters of the Corporate Portfolio","author":[{"first_name":"Jens","last_name":"Kengelbach","full_name":"Kengelbach, Jens"},{"first_name":"Georg","full_name":"Keienburg, Georg","last_name":"Keienburg"},{"first_name":"Timo","last_name":"Schmid","full_name":"Schmid, Timo"},{"last_name":"Sievers","id":"46447","full_name":"Sievers, Sönke","first_name":"Sönke"},{"first_name":"Oliver","id":"36373","full_name":"Mehring, Oliver","last_name":"Mehring"}],"date_created":"2018-10-31T12:26:07Z","publisher":"The Boston Consulting Group, Inc., M&A Report","date_updated":"2022-01-06T07:01:43Z","citation":{"mla":"Kengelbach, Jens, et al. <i>Masters of the Corporate Portfolio</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2016.","short":"J. Kengelbach, G. Keienburg, T. Schmid, S. Sievers, O. Mehring, Masters of the Corporate Portfolio, The Boston Consulting Group, Inc., M&#38;A Report, 2016.","bibtex":"@book{Kengelbach_Keienburg_Schmid_Sievers_Mehring_2016, title={Masters of the Corporate Portfolio}, publisher={The Boston Consulting Group, Inc., M&#38;A Report}, author={Kengelbach, Jens and Keienburg, Georg and Schmid, Timo and Sievers, Sönke and Mehring, Oliver}, year={2016} }","apa":"Kengelbach, J., Keienburg, G., Schmid, T., Sievers, S., &#38; Mehring, O. (2016). <i>Masters of the Corporate Portfolio</i>. The Boston Consulting Group, Inc., M&#38;A Report.","ama":"Kengelbach J, Keienburg G, Schmid T, Sievers S, Mehring O. <i>Masters of the Corporate Portfolio</i>. The Boston Consulting Group, Inc., M&#38;A Report; 2016.","ieee":"J. Kengelbach, G. Keienburg, T. Schmid, S. Sievers, and O. Mehring, <i>Masters of the Corporate Portfolio</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2016.","chicago":"Kengelbach, Jens, Georg Keienburg, Timo Schmid, Sönke Sievers, and Oliver Mehring. <i>Masters of the Corporate Portfolio</i>. The Boston Consulting Group, Inc., M&#38;A Report, 2016."},"year":"2016","publication_status":"published"}]