---
_id: '65379'
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.
author:
- first_name: Philipp
full_name: Hofmann, Philipp
last_name: Hofmann
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Reeyarn
full_name: Li, Reeyarn
id: '102450'
last_name: Li
citation:
ama: 'Hofmann P, Sievers S, Li R. ESEF-Berichterstattung in Deutschland: Herausforderungen
und Chancen. Vol Heft 7-8/2025. KoR; 2025:251-258. doi:KORKOR1476665'
apa: 'Hofmann, P., Sievers, S., & Li, R. (2025). ESEF-Berichterstattung in
Deutschland: Herausforderungen und Chancen: Vol. Heft 7-8/2025 (pp. 251–258).
KoR. https://doi.org/KORKOR1476665'
bibtex: '@book{Hofmann_Sievers_Li_2025, title={ESEF-Berichterstattung in Deutschland:
Herausforderungen und Chancen}, volume={Heft 7-8/2025}, DOI={KORKOR1476665},
publisher={KoR}, author={Hofmann, Philipp and Sievers, Sönke and Li, Reeyarn},
year={2025}, pages={251–258} }'
chicago: 'Hofmann, Philipp, Sönke Sievers, and Reeyarn Li. ESEF-Berichterstattung
in Deutschland: Herausforderungen und Chancen. Vol. Heft 7-8/2025. KoR, 2025.
https://doi.org/KORKOR1476665.'
ieee: 'P. Hofmann, S. Sievers, and R. Li, ESEF-Berichterstattung in Deutschland:
Herausforderungen und Chancen, vol. Heft 7-8/2025. KoR, 2025, pp. 251–258.'
mla: 'Hofmann, Philipp, et al. ESEF-Berichterstattung in Deutschland: Herausforderungen
und Chancen. KoR, 2025, pp. 251–58, doi:KORKOR1476665.'
short: 'P. Hofmann, S. Sievers, R. Li, ESEF-Berichterstattung in Deutschland: Herausforderungen
und Chancen, KoR, 2025.'
date_created: 2026-04-08T10:01:11Z
date_updated: 2026-04-08T10:02:30Z
department:
- _id: '186'
- _id: '275'
doi: KORKOR1476665
language:
- iso: ger
page: 251-258
publication_identifier:
unknown:
- 1617-8084
publication_status: published
publisher: KoR
status: public
title: 'ESEF-Berichterstattung in Deutschland: Herausforderungen und Chancen'
type: working_paper
user_id: '115848'
volume: Heft 7-8/2025
year: '2025'
...
---
_id: '65383'
abstract:
- lang: eng
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.
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Reeyarn
full_name: Li, Reeyarn
id: '102450'
last_name: Li
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Francesca
full_name: Pietrogrande, Francesca
last_name: Pietrogrande
citation:
ama: 'Sievers S, Li R, Degen D, Kengelbach J, Pietrogrande F. Beer, Cars &
Fundamentals: Predicting German M& A Activity. Vol Heft 11-12/2025.; 2025:302-308.
doi:CFCF1480783'
apa: 'Sievers, S., Li, R., Degen, D., Kengelbach, J., & Pietrogrande, F. (2025).
Beer, Cars & Fundamentals: Predicting German M& A activity: Vol. Heft
11-12/2025 (pp. 302–308). https://doi.org/CFCF1480783'
bibtex: '@book{Sievers_Li_Degen_Kengelbach_Pietrogrande_2025, series={Corporate
Finance}, title={Beer, Cars & Fundamentals: Predicting German M& A activity},
volume={Heft 11-12/2025}, DOI={CFCF1480783},
author={Sievers, Sönke and Li, Reeyarn and Degen, Dominik and Kengelbach, Jens
and Pietrogrande, Francesca}, year={2025}, pages={302–308}, collection={Corporate
Finance} }'
chicago: 'Sievers, Sönke, Reeyarn Li, Dominik Degen, Jens Kengelbach, and Francesca
Pietrogrande. Beer, Cars & Fundamentals: Predicting German M& A Activity.
Vol. Heft 11-12/2025. Corporate Finance, 2025. https://doi.org/CFCF1480783.'
ieee: 'S. Sievers, R. Li, D. Degen, J. Kengelbach, and F. Pietrogrande, Beer,
Cars & Fundamentals: Predicting German M& A activity, vol. Heft 11-12/2025.
2025, pp. 302–308.'
mla: 'Sievers, Sönke, et al. Beer, Cars & Fundamentals: Predicting German
M& A Activity. 2025, pp. 302–08, doi:CFCF1480783.'
short: 'S. Sievers, R. Li, D. Degen, J. Kengelbach, F. Pietrogrande, Beer, Cars
& Fundamentals: Predicting German M& A Activity, 2025.'
date_created: 2026-04-09T07:42:13Z
date_updated: 2026-04-09T07:42:58Z
department:
- _id: '275'
doi: CFCF1480783
language:
- iso: eng
page: 302-308
publication_identifier:
issn:
- 1437-8981
publication_status: published
series_title: Corporate Finance
status: public
title: 'Beer, Cars & Fundamentals: Predicting German M& A activity'
type: working_paper
user_id: '115848'
volume: Heft 11-12/2025
year: '2025'
...
---
_id: '35719'
author:
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Tobias
full_name: Söllner, Tobias
last_name: Söllner
- 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
citation:
ama: Kengelbach J, Keienburg G, Söllner T, et al. Green Deals Gain Steam . BCG
M&A Report 2022. Published online 2022.
apa: Kengelbach, J., Keienburg, G., Söllner, T., Wang, Y., Sievers, S., Friedmann,
D., & Nielsen, J. (2022). Green Deals Gain Steam . BCG M&A Report 2022.
bibtex: '@article{Kengelbach_Keienburg_Söllner_Wang_Sievers_Friedmann_Nielsen_2022,
title={Green Deals Gain Steam }, journal={BCG M&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} }'
chicago: Kengelbach, Jens, Georg Keienburg, Tobias Söllner, Yiran Wang, Sönke Sievers,
Daniel Friedmann, and Jesper Nielsen. “Green Deals Gain Steam .” BCG M&A
Report 2022, 2022.
ieee: J. Kengelbach et al., “Green Deals Gain Steam ,” BCG M&A Report
2022, 2022.
mla: Kengelbach, Jens, et al. “Green Deals Gain Steam .” BCG M&A Report 2022,
2022.
short: J. Kengelbach, G. Keienburg, T. Söllner, Y. Wang, S. Sievers, D. Friedmann,
J. Nielsen, BCG M&A Report 2022 (2022).
date_created: 2023-01-10T09:26:24Z
date_updated: 2023-01-10T09:31:54Z
department:
- _id: '275'
language:
- iso: eng
publication: BCG M&A Report 2022
status: public
title: 'Green Deals Gain Steam '
type: journal_article
user_id: '26589'
year: '2022'
...
---
_id: '35722'
author:
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Daniel
full_name: Friedman, Daniel
last_name: Friedman
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
- first_name: Tobias
full_name: Söllner, Tobias
last_name: Söllner
- first_name: Yiran
full_name: Wang, Yiran
last_name: Wang
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
citation:
ama: Kengelbach J, Friedman D, Keienburg G, et al. Do Green Deals Create Value?
. BCG M&A Report 2022. Published online 2022.
apa: Kengelbach, J., Friedman, D., Keienburg, G., Degen, D., Söllner, T., Wang,
Y., & Sievers, S. (2022). Do Green Deals Create Value? . BCG M&A Report
2022.
bibtex: '@article{Kengelbach_Friedman_Keienburg_Degen_Söllner_Wang_Sievers_2022,
title={Do Green Deals Create Value? }, journal={BCG M&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} }'
chicago: Kengelbach, Jens, Daniel Friedman, Georg Keienburg, Dominik Degen, Tobias
Söllner, Yiran Wang, and Sönke Sievers. “Do Green Deals Create Value? .” BCG
M&A Report 2022, 2022.
ieee: J. Kengelbach et al., “Do Green Deals Create Value? ,” BCG M&A
Report 2022, 2022.
mla: Kengelbach, Jens, et al. “Do Green Deals Create Value? .” BCG M&A Report
2022, 2022.
short: J. Kengelbach, D. Friedman, G. Keienburg, D. Degen, T. Söllner, Y. Wang,
S. Sievers, BCG M&A Report 2022 (2022).
date_created: 2023-01-10T09:33:26Z
date_updated: 2023-01-10T09:35:26Z
department:
- _id: '275'
language:
- iso: eng
publication: BCG M&A Report 2022
status: public
title: 'Do Green Deals Create Value? '
type: journal_article
user_id: '26589'
year: '2022'
...
---
_id: '20873'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- 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
citation:
ama: Sievers S, Keienburg G, Degen D, Söllner T, Kashyrkin A. Alternative Deals
Gain Traction. The Boston Consulting Group, Inc., M&A Report; 2020.
apa: Sievers, S., Keienburg, G., Degen, D., Söllner, T., & Kashyrkin, A. (2020).
Alternative Deals Gain Traction. The Boston Consulting Group, Inc., M&A
Report.
bibtex: '@book{Sievers_Keienburg_Degen_Söllner_Kashyrkin_2020, title={Alternative
Deals Gain Traction}, publisher={The Boston Consulting Group, Inc., M&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. Alternative Deals Gain Traction. The Boston Consulting Group,
Inc., M&A Report, 2020.
ieee: S. Sievers, G. Keienburg, D. Degen, T. Söllner, and A. Kashyrkin, Alternative
Deals Gain Traction. The Boston Consulting Group, Inc., M&A Report, 2020.
mla: Sievers, Sönke, et al. Alternative Deals Gain Traction. The Boston Consulting
Group, Inc., M&A Report, 2020.
short: S. Sievers, G. Keienburg, D. Degen, T. Söllner, A. Kashyrkin, Alternative
Deals Gain Traction, The Boston Consulting Group, Inc., M&A Report, 2020.
date_created: 2021-01-06T08:14:16Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
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
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Alternative Deals Gain Traction
type: report
user_id: '46447'
year: '2020'
...
---
_id: '20874'
article_type: original
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
- first_name: Daniel
full_name: Kim, Daniel
last_name: Kim
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
citation:
ama: 'Sievers S, Degen D, Kim D, Kengelbach J. Downturn M&A: Die Erfolgsstrategie
der Stunde? M&A Review. 2020:266-271.'
apa: 'Sievers, S., Degen, D., Kim, D., & Kengelbach, J. (2020). Downturn M&A:
Die Erfolgsstrategie der Stunde? M&A Review, 266–271.'
bibtex: '@article{Sievers_Degen_Kim_Kengelbach_2020, title={Downturn M&A: Die
Erfolgsstrategie der Stunde?}, journal={M&A Review}, author={Sievers, Sönke
and Degen, Dominik and Kim, Daniel and Kengelbach, Jens}, year={2020}, pages={266–271}
}'
chicago: 'Sievers, Sönke, Dominik Degen, Daniel Kim, and Jens Kengelbach. “Downturn
M&A: Die Erfolgsstrategie der Stunde?” M&A Review, 2020, 266–71.'
ieee: 'S. Sievers, D. Degen, D. Kim, and J. Kengelbach, “Downturn M&A: Die Erfolgsstrategie
der Stunde?,” M&A Review, pp. 266–271, 2020.'
mla: 'Sievers, Sönke, et al. “Downturn M&A: Die Erfolgsstrategie der Stunde?”
M&A Review, 2020, pp. 266–71.'
short: S. Sievers, D. Degen, D. Kim, J. Kengelbach, M&A Review (2020) 266–271.
date_created: 2021-01-06T08:23:26Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: ger
main_file_link:
- url: https://ma-review.de/downturn-ma-die-erfolgsstrategie-der-stunde/
page: 266-271
publication: M&A Review
publication_status: published
status: public
title: 'Downturn M&A: Die Erfolgsstrategie der Stunde?'
type: journal_article
user_id: '46447'
year: '2020'
...
---
_id: '20875'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Maximilian
full_name: Bader, Maximilian
last_name: Bader
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
- first_name: Jeff
full_name: Gell, Jeff
last_name: Gell
- first_name: Jesper
full_name: Nielsen, Jesper
last_name: Nielsen
citation:
ama: Sievers S, Kengelbach J, Keienburg G, et al. Downturns Are a Better Time
For Deal Hunting. The Boston Consulting Group, Inc., M&A Report; 2019.
apa: Sievers, S., Kengelbach, J., Keienburg, G., Bader, M., Degen, D., Gell, J.,
& Nielsen, J. (2019). Downturns Are a Better Time For Deal Hunting.
The Boston Consulting Group, Inc., M&A Report.
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&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} }'
chicago: Sievers, Sönke, Jens Kengelbach, Georg Keienburg, Maximilian Bader, Dominik
Degen, Jeff Gell, and Jesper Nielsen. Downturns Are a Better Time For Deal
Hunting. The Boston Consulting Group, Inc., M&A Report, 2019.
ieee: S. Sievers et al., Downturns Are a Better Time For Deal Hunting.
The Boston Consulting Group, Inc., M&A Report, 2019.
mla: Sievers, Sönke, et al. Downturns Are a Better Time For Deal Hunting.
The Boston Consulting Group, Inc., M&A Report, 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&A Report, 2019.
date_created: 2021-01-06T08:32:06Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Downturns Are a Better Time For Deal Hunting
type: report
user_id: '46447'
year: '2019'
...
---
_id: '5411'
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. '
author:
- first_name: Oliver
full_name: Mehring, Oliver
id: '36373'
last_name: Mehring
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
citation:
ama: Mehring O, Sievers S, Keienburg G, Kengelbach J. Wertgenerierung bei M&A
Transaktionen durch Bekanntgabe von Synergien? Vol 3-4. Corporate Finance;
2019:76-84.
apa: Mehring, O., Sievers, S., Keienburg, G., & Kengelbach, J. (2019). Wertgenerierung
bei M&A Transaktionen durch Bekanntgabe von Synergien? (Vol. 3–4, pp.
76–84). Corporate Finance.
bibtex: '@book{Mehring_Sievers_Keienburg_Kengelbach_2019, title={Wertgenerierung
bei M&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} }'
chicago: Mehring, Oliver, Sönke Sievers, Georg Keienburg, and Jens Kengelbach. Wertgenerierung
bei M&A Transaktionen durch Bekanntgabe von Synergien? Vol. 3–4. Corporate
Finance, 2019.
ieee: O. Mehring, S. Sievers, G. Keienburg, and J. Kengelbach, Wertgenerierung
bei M&A Transaktionen durch Bekanntgabe von Synergien?, vol. 3–4. Corporate
Finance, 2019, pp. 76–84.
mla: Mehring, Oliver, et al. Wertgenerierung bei M&A Transaktionen durch
Bekanntgabe von Synergien? Vol. 3–4, Corporate Finance, 2019, pp. 76–84.
short: O. Mehring, S. Sievers, G. Keienburg, J. Kengelbach, Wertgenerierung bei
M&A Transaktionen durch Bekanntgabe von Synergien?, Corporate Finance, 2019.
date_created: 2018-11-07T12:06:20Z
date_updated: 2022-01-06T07:01:52Z
department:
- _id: '275'
language:
- iso: ger
main_file_link:
- url: https://research.owlit.de/document/22b8e6a6-5e6c-3760-8595-2f639bd001d8
page: 76-84
publication_status: published
publisher: Corporate Finance
status: public
title: Wertgenerierung bei M&A Transaktionen durch Bekanntgabe von Synergien?
type: working_paper
user_id: '46447'
volume: 3-4
year: '2019'
...
---
_id: '20688'
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.
article_type: original
author:
- first_name: Niklas
full_name: Hüther, Niklas
last_name: Hüther
- first_name: David T.
full_name: Robinson, David T.
last_name: Robinson
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Thomas
full_name: Hartmann-Wendels, Thomas
last_name: Hartmann-Wendels
citation:
ama: 'Hüther N, Robinson DT, Sievers S, Hartmann-Wendels T. Paying for Performance
in Private Equity: Evidence from Venture Capital Partnerships. Management Science
(VHB-JOURQUAL 4 Ranking A+). 2019;66(4):1756-1782. doi:10.1287/mnsc.2018.3274'
apa: 'Hüther, N., Robinson, D. T., Sievers, S., & Hartmann-Wendels, T. (2019).
Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.
Management Science (VHB-JOURQUAL 4 Ranking A+), 66(4), 1756–1782.
https://doi.org/10.1287/mnsc.2018.3274'
bibtex: '@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2019, title={Paying for
Performance in Private Equity: Evidence from Venture Capital Partnerships}, volume={66},
DOI={10.1287/mnsc.2018.3274},
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} }'
chicago: 'Hüther, Niklas, David T. Robinson, Sönke Sievers, and Thomas Hartmann-Wendels.
“Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships.”
Management Science (VHB-JOURQUAL 4 Ranking A+) 66, no. 4 (2019): 1756–82.
https://doi.org/10.1287/mnsc.2018.3274.'
ieee: 'N. Hüther, D. T. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for
Performance in Private Equity: Evidence from Venture Capital Partnerships,” Management
Science (VHB-JOURQUAL 4 Ranking A+), vol. 66, no. 4, pp. 1756–1782, 2019,
doi: 10.1287/mnsc.2018.3274.'
mla: 'Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence
from Venture Capital Partnerships.” Management Science (VHB-JOURQUAL 4 Ranking
A+), vol. 66, no. 4, 2019, pp. 1756–82, doi:10.1287/mnsc.2018.3274.'
short: N. Hüther, D.T. Robinson, S. Sievers, T. Hartmann-Wendels, Management Science
(VHB-JOURQUAL 4 Ranking A+) 66 (2019) 1756–1782.
date_created: 2020-12-08T13:19:35Z
date_updated: 2026-04-09T08:27:26Z
department:
- _id: '275'
doi: 10.1287/mnsc.2018.3274
intvolume: ' 66'
issue: '4'
keyword:
- venture capital
- compensation
- private equity
- VC partnership
- pay-performance relation
language:
- iso: eng
main_file_link:
- url: https://pubsonline.informs.org/doi/10.1287/mnsc.2018.3274
page: 1756-1782
publication: Management Science (VHB-JOURQUAL 4 Ranking A+)
publication_identifier:
issn:
- 0025-1909
- 1526-5501
publication_status: published
quality_controlled: '1'
related_material:
link:
- relation: supplementary_material
url: https://pubsonline.informs.org/doi/suppl/10.1287/mnsc.2018.3274/suppl_file/mnsc.2018.3274.sm1.pdf
- 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
status: public
title: 'Paying for Performance in Private Equity: Evidence from Venture Capital Partnerships'
type: journal_article
user_id: '115848'
volume: 66
year: '2019'
...
---
_id: '20876'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Timo
full_name: Schmid, Timo
last_name: Schmid
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
citation:
ama: Sievers S, Keienburg G, Schmid T, Degen D. Synergies Take Center Stage.
The Boston Consulting Group, Inc., M&A Report; 2018.
apa: Sievers, S., Keienburg, G., Schmid, T., & Degen, D. (2018). Synergies
Take Center Stage. The Boston Consulting Group, Inc., M&A Report.
bibtex: '@book{Sievers_Keienburg_Schmid_Degen_2018, title={Synergies Take Center
Stage}, publisher={The Boston Consulting Group, Inc., M&A Report}, author={Sievers,
Sönke and Keienburg, Georg and Schmid, Timo and Degen, Dominik}, year={2018} }'
chicago: Sievers, Sönke, Georg Keienburg, Timo Schmid, and Dominik Degen. Synergies
Take Center Stage. The Boston Consulting Group, Inc., M&A Report, 2018.
ieee: S. Sievers, G. Keienburg, T. Schmid, and D. Degen, Synergies Take Center
Stage. The Boston Consulting Group, Inc., M&A Report, 2018.
mla: Sievers, Sönke, et al. Synergies Take Center Stage. The Boston Consulting
Group, Inc., M&A Report, 2018.
short: S. Sievers, G. Keienburg, T. Schmid, D. Degen, Synergies Take Center Stage,
The Boston Consulting Group, Inc., M&A Report, 2018.
date_created: 2021-01-06T08:39:28Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/BCG-Synergies-Take-Center-Stage-Sep-2018_FINAL.
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Synergies Take Center Stage
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20878'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
citation:
ama: 'Sievers S. Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung
von M&A Transaktionen – Deutsche und weltweite Evidenz.; 2018.'
apa: 'Sievers, S. (2018). Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.'
bibtex: '@book{Sievers_2018, title={Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.}, author={Sievers,
Sönke}, year={2018} }'
chicago: 'Sievers, Sönke. Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.,
2018.'
ieee: 'S. Sievers, Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.
2018.'
mla: 'Sievers, Sönke. Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte
Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz.
2018.'
short: 'S. Sievers, Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung
von M&A Transaktionen – Deutsche und weltweite Evidenz., 2018.'
date_created: 2021-01-06T10:05:37Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: ger
main_file_link:
- url: https://www.tax-legal-excellence.com/kapitalmarktorientierte-erfolgsmessung-ma-transaktionen-weltweite-evidenz/
publication_status: published
status: public
title: 'Blog post by Prof. Sönke Sievers: Kapitalmarktorientierte Erfolgsmessung von
M&A Transaktionen – Deutsche und weltweite Evidenz.'
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20879'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Dominik
full_name: Degen, Dominik
last_name: Degen
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Timo
full_name: Schmid, Timo
last_name: Schmid
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
citation:
ama: Sievers S, Degen D, Keienburg G, Schmid T, Kengelbach J. Update on the M&A
Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?
The Boston Consulting Group, Inc., M&A Report; 2018.
apa: Sievers, S., Degen, D., Keienburg, G., Schmid, T., & Kengelbach, J. (2018).
Update on the M&A market entitled As Prices Peak, Should Dealmakers wait
for the next Downturn? The Boston Consulting Group, Inc., M&A Report.
bibtex: '@book{Sievers_Degen_Keienburg_Schmid_Kengelbach_2018, title={Update on
the M&A market entitled As Prices Peak, Should Dealmakers wait for the next
Downturn?}, publisher={The Boston Consulting Group, Inc., M&A Report}, author={Sievers,
Sönke and Degen, Dominik and Keienburg, Georg and Schmid, Timo and Kengelbach,
Jens}, year={2018} }'
chicago: Sievers, Sönke, Dominik Degen, Georg Keienburg, Timo Schmid, and Jens Kengelbach.
Update on the M&A Market Entitled As Prices Peak, Should Dealmakers Wait
for the next Downturn? The Boston Consulting Group, Inc., M&A Report,
2018.
ieee: S. Sievers, D. Degen, G. Keienburg, T. Schmid, and J. Kengelbach, Update
on the M&A market entitled As Prices Peak, Should Dealmakers wait for the
next Downturn? The Boston Consulting Group, Inc., M&A Report, 2018.
mla: Sievers, Sönke, et al. Update on the M&A Market Entitled As Prices Peak,
Should Dealmakers Wait for the next Downturn? The Boston Consulting Group,
Inc., M&A Report, 2018.
short: S. Sievers, D. Degen, G. Keienburg, T. Schmid, J. Kengelbach, Update on the
M&A Market Entitled As Prices Peak, Should Dealmakers Wait for the next Downturn?,
The Boston Consulting Group, Inc., M&A Report, 2018.
date_created: 2021-01-06T10:11:15Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
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
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Update on the M&A market entitled As Prices Peak, Should Dealmakers wait for
the next Downturn?
type: report
user_id: '46447'
year: '2018'
...
---
_id: '20880'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: David T.
full_name: Robinson, David T.
last_name: Robinson
- first_name: Niklas
full_name: Hüther, Niklas
last_name: Hüther
- first_name: Thomas
full_name: Hartmann-Wendels, Thomas
last_name: Hartmann-Wendels
citation:
ama: 'Sievers S, Robinson DT, Hüther N, Hartmann-Wendels T. Post on Paying for
Performance in Private Equity: Evidence from VC Partnerships. Havard ; 2018.'
apa: 'Sievers, S., Robinson, D. T., Hüther, N., & Hartmann-Wendels, T. (2018).
Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.
Havard .'
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} }'
chicago: 'Sievers, Sönke, David T. Robinson, Niklas Hüther, and Thomas Hartmann-Wendels.
Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.
Havard , 2018.'
ieee: 'S. Sievers, D. T. Robinson, N. Hüther, and T. Hartmann-Wendels, Post on
Paying for Performance in Private Equity: Evidence from VC Partnerships. Havard
, 2018.'
mla: 'Sievers, Sönke, et al. Post on Paying for Performance in Private Equity:
Evidence from VC Partnerships. 2018.'
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.'
date_created: 2021-01-06T10:15:11Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
language:
- iso: eng
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
place: 'Havard '
publication_status: published
status: public
title: 'Post on Paying for Performance in Private Equity: Evidence from VC Partnerships.'
type: report
user_id: '46447'
year: '2018'
...
---
_id: '4874'
abstract:
- lang: ger
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."
article_type: original
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
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
citation:
ama: 'Sievers S, Sureth-Sloane C, Uhde A. Restrukturierungen: operative und finanzielle
Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.
Die Wirtschaftsprüfung. 2018;71(9):569-575.'
apa: 'Sievers, S., Sureth-Sloane, C., & Uhde, A. (2018). Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp. Die Wirtschaftsprüfung, 71(9), 569–575.'
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} }'
chicago: 'Sievers, Sönke, Caren Sureth-Sloane, and André Uhde. “Restrukturierungen:
operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der
Entwicklungen bei thyssenkrupp.” Die Wirtschaftsprüfung 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,” Die Wirtschaftsprüfung, vol. 71, no. 9, pp. 569–575,
2018.'
mla: 'Sievers, Sönke, et al. “Restrukturierungen: operative und finanzielle Wertbeiträge.
Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp.” Die
Wirtschaftsprüfung, vol. 71, no. 9, 2018, pp. 569–75.'
short: S. Sievers, C. Sureth-Sloane, A. Uhde, Die Wirtschaftsprüfung 71 (2018) 569–575.
date_created: 2018-10-26T07:22:22Z
date_updated: 2024-04-17T13:34:51Z
department:
- _id: '275'
intvolume: ' 71'
issue: '9'
language:
- iso: ger
main_file_link:
- url: https://www.idw.de/blob/108664/22a8a20e1240f553a0e6794daf8541c4/down-2018-09-data.pdf
page: 569-575
publication: Die Wirtschaftsprüfung
publication_status: published
status: public
title: 'Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung
vor dem Hintergrund der Entwicklungen bei thyssenkrupp'
type: journal_article
user_id: '36049'
volume: 71
year: '2018'
...
---
_id: '20868'
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.'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Jan
full_name: Klobucnik, Jan
last_name: Klobucnik
- first_name: David
full_name: Miersch, David
last_name: Miersch
citation:
ama: 'Sievers S, Klobucnik J, Miersch D. Predicting Early Warning Signals of
Financial Distress: Theory and Empirical Evidence.; 2017. doi:10.2139/ssrn.2237757'
apa: 'Sievers, S., Klobucnik, J., & Miersch, D. (2017). Predicting Early
Warning Signals of Financial Distress: Theory and Empirical Evidence. https://doi.org/10.2139/ssrn.2237757'
bibtex: '@book{Sievers_Klobucnik_Miersch_2017, title={Predicting Early Warning Signals
of Financial Distress: Theory and Empirical Evidence}, DOI={10.2139/ssrn.2237757},
author={Sievers, Sönke and Klobucnik, Jan and Miersch, David}, year={2017} }'
chicago: 'Sievers, Sönke, Jan Klobucnik, and David Miersch. Predicting Early
Warning Signals of Financial Distress: Theory and Empirical Evidence, 2017.
https://doi.org/10.2139/ssrn.2237757.'
ieee: 'S. Sievers, J. Klobucnik, and D. Miersch, Predicting Early Warning Signals
of Financial Distress: Theory and Empirical Evidence. 2017.'
mla: 'Sievers, Sönke, et al. Predicting Early Warning Signals of Financial Distress:
Theory and Empirical Evidence. 2017, doi:10.2139/ssrn.2237757.'
short: 'S. Sievers, J. Klobucnik, D. Miersch, Predicting Early Warning Signals of
Financial Distress: Theory and Empirical Evidence, 2017.'
date_created: 2021-01-05T11:44:45Z
date_updated: 2022-01-06T06:54:41Z
department:
- _id: '275'
doi: 10.2139/ssrn.2237757
jel:
- C63
- C52
- C53
- G33
- M41
keyword:
- Financial distress prediction
- probability of default
- accounting information
- stochastic processes
- simulation
language:
- iso: eng
main_file_link:
- url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2237757
page: '84'
publication_status: published
status: public
title: 'Predicting Early Warning Signals of Financial Distress: Theory and Empirical
Evidence'
type: working_paper
user_id: '46447'
year: '2017'
...
---
_id: '5174'
author:
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Timo
full_name: Schmid, Timo
last_name: Schmid
- first_name: Ketil
full_name: Gjersta, Ketil
last_name: Gjersta
- first_name: Jesper
full_name: Nielsen, Jesper
last_name: Nielsen
- first_name: Decker
full_name: Walker, Decker
last_name: Walker
citation:
ama: Sievers S, Kengelbach J, Keienburg G, et al. The Technology Takeover.
The Boston Consulting Group, Inc., M&A Report; 2017.
apa: Sievers, S., Kengelbach, J., Keienburg, G., Schmid, T., Gjersta, K., Nielsen,
J., & Walker, D. (2017). The Technology Takeover. The Boston Consulting
Group, Inc., M&A Report.
bibtex: '@book{Sievers_Kengelbach_Keienburg_Schmid_Gjersta_Nielsen_Walker_2017,
title={The Technology Takeover}, publisher={The Boston Consulting Group, Inc.,
M&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}
}'
chicago: Sievers, Sönke, Jens Kengelbach, Georg Keienburg, Timo Schmid, Ketil Gjersta,
Jesper Nielsen, and Decker Walker. The Technology Takeover. The Boston
Consulting Group, Inc., M&A Report, 2017.
ieee: S. Sievers et al., The Technology Takeover. The Boston Consulting
Group, Inc., M&A Report, 2017.
mla: Sievers, Sönke, et al. The Technology Takeover. The Boston Consulting
Group, Inc., M&A Report, 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&A
Report, 2017.
date_created: 2018-10-31T10:19:03Z
date_updated: 2022-01-06T07:01:41Z
department:
- _id: '275'
language:
- iso: eng
main_file_link:
- url: https://en.wiwi.uni-paderborn.de/fileadmin/dep2ls9/Dateien_Sievers/2017_MA_Report_The_Technology_Takeover_BCG_Uni_Paderborn.pdf
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: The Technology Takeover
type: report
user_id: '46447'
year: '2017'
...
---
_id: '5185'
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. '
author:
- first_name: Niklas
full_name: Hüther, Niklas
last_name: Hüther
- first_name: David
full_name: Robinson, David
last_name: Robinson
- first_name: Sönke
full_name: Sievers, Sönke
last_name: Sievers
- first_name: Thomas
full_name: Hartmann-Wendels, Thomas
last_name: Hartmann-Wendels
citation:
ama: 'Hüther N, Robinson D, Sievers S, Hartmann-Wendels T. Paying for Performance
in Private Equity: Evidence from VC Partnerships. SSRN Electronic Journal.
2017. doi:10.2139/ssrn.3087320'
apa: 'Hüther, N., Robinson, D., Sievers, S., & Hartmann-Wendels, T. (2017).
Paying for Performance in Private Equity: Evidence from VC Partnerships. SSRN
Electronic Journal. https://doi.org/10.2139/ssrn.3087320'
bibtex: '@article{Hüther_Robinson_Sievers_Hartmann-Wendels_2017, title={Paying for
Performance in Private Equity: Evidence from VC Partnerships}, DOI={10.2139/ssrn.3087320},
journal={SSRN Electronic Journal}, author={Hüther, Niklas and Robinson, David
and Sievers, Sönke and Hartmann-Wendels, Thomas}, year={2017} }'
chicago: 'Hüther, Niklas, David Robinson, Sönke Sievers, and Thomas Hartmann-Wendels.
“Paying for Performance in Private Equity: Evidence from VC Partnerships.” SSRN
Electronic Journal, 2017. https://doi.org/10.2139/ssrn.3087320.'
ieee: 'N. Hüther, D. Robinson, S. Sievers, and T. Hartmann-Wendels, “Paying for
Performance in Private Equity: Evidence from VC Partnerships,” SSRN Electronic
Journal, 2017.'
mla: 'Hüther, Niklas, et al. “Paying for Performance in Private Equity: Evidence
from VC Partnerships.” SSRN Electronic Journal, 2017, doi:10.2139/ssrn.3087320.'
short: N. Hüther, D. Robinson, S. Sievers, T. Hartmann-Wendels, SSRN Electronic
Journal (2017).
date_created: 2018-10-31T10:48:46Z
date_updated: 2022-01-06T07:01:41Z
department:
- _id: '275'
doi: 10.2139/ssrn.3087320
jel:
- G10
- G23
- G24
keyword:
- venture capital
- compensation
- private equity
- VC partnership
- pay-performance relation
language:
- iso: eng
publication: SSRN Electronic Journal
status: public
title: 'Paying for Performance in Private Equity: Evidence from VC Partnerships'
type: journal_article
user_id: '64756'
year: '2017'
...
---
_id: '5199'
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. '
author:
- first_name: Jan
full_name: Klobucnik, Jan
last_name: Klobucnik
- first_name: David
full_name: Miersch, David
last_name: Miersch
- first_name: Sönke
full_name: Sievers, Sönke
last_name: Sievers
citation:
ama: 'Klobucnik J, Miersch D, Sievers S. Predicting Early Warning Signals of Financial
Distress: Theory and Empirical Evidence. SSRN Electronic Journal. 2017.'
apa: 'Klobucnik, J., Miersch, D., & Sievers, S. (2017). Predicting Early Warning
Signals of Financial Distress: Theory and Empirical Evidence. SSRN Electronic
Journal.'
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}
}'
chicago: 'Klobucnik, Jan, David Miersch, and Sönke Sievers. “Predicting Early Warning
Signals of Financial Distress: Theory and Empirical Evidence.” SSRN Electronic
Journal, 2017.'
ieee: 'J. Klobucnik, D. Miersch, and S. Sievers, “Predicting Early Warning Signals
of Financial Distress: Theory and Empirical Evidence,” SSRN Electronic Journal,
2017.'
mla: 'Klobucnik, Jan, et al. “Predicting Early Warning Signals of Financial Distress:
Theory and Empirical Evidence.” SSRN Electronic Journal, 2017.'
short: J. Klobucnik, D. Miersch, S. Sievers, SSRN Electronic Journal (2017).
date_created: 2018-10-31T12:19:42Z
date_updated: 2022-01-06T07:01:43Z
department:
- _id: '275'
jel:
- C63
- C52
- C53
- G33
- M41
keyword:
- Financial distress prediction
- probability of default
- accounting information
- stochastic processes
- simulation
language:
- iso: eng
publication: SSRN Electronic Journal
publication_status: published
status: public
title: 'Predicting Early Warning Signals of Financial Distress: Theory and Empirical
Evidence'
type: journal_article
user_id: '64756'
year: '2017'
...
---
_id: '4586'
abstract:
- lang: eng
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. '
article_type: letter_note
author:
- first_name: Tobias
full_name: Schlueter, Tobias
last_name: Schlueter
- first_name: Ramona
full_name: Busch, Ramona
last_name: Busch
- first_name: Soenke
full_name: Sievers, Soenke
last_name: Sievers
- first_name: Thomas
full_name: Hartmann-Wendels, Thomas
last_name: Hartmann-Wendels
citation:
ama: 'Schlueter T, Busch R, Sievers S, Hartmann-Wendels T. Loan Pricing: Do Borrowers
Benefit from Cost-Efficient Banking? Credit and Capital Markets--Kredit und
Kapital. 2016;49(1):93-125. doi:10.3790/ccm.49.1.93'
apa: 'Schlueter, T., Busch, R., Sievers, S., & Hartmann-Wendels, T. (2016).
Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? Credit and
Capital Markets--Kredit Und Kapital, 49(1), 93–125. https://doi.org/10.3790/ccm.49.1.93'
bibtex: '@article{Schlueter_Busch_Sievers_Hartmann-Wendels_2016, title={Loan Pricing:
Do Borrowers Benefit from Cost-Efficient Banking?}, volume={49}, DOI={10.3790/ccm.49.1.93},
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} }'
chicago: 'Schlueter, Tobias, Ramona Busch, Soenke Sievers, and Thomas Hartmann-Wendels.
“Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” Credit and
Capital Markets--Kredit Und Kapital 49, no. 1 (2016): 93–125. https://doi.org/10.3790/ccm.49.1.93.'
ieee: 'T. Schlueter, R. Busch, S. Sievers, and T. Hartmann-Wendels, “Loan Pricing:
Do Borrowers Benefit from Cost-Efficient Banking?,” Credit and Capital Markets--Kredit
und Kapital, vol. 49, no. 1, pp. 93–125, 2016.'
mla: 'Schlueter, Tobias, et al. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient
Banking?” Credit and Capital Markets--Kredit Und Kapital, vol. 49, no.
1, 2016, pp. 93–125, doi:10.3790/ccm.49.1.93.'
short: T. Schlueter, R. Busch, S. Sievers, T. Hartmann-Wendels, Credit and Capital
Markets--Kredit Und Kapital 49 (2016) 93–125.
date_created: 2018-10-09T09:04:17Z
date_updated: 2022-01-06T07:01:14Z
department:
- _id: '275'
doi: 10.3790/ccm.49.1.93
intvolume: ' 49'
issue: '1'
jel:
- G21
- G28
keyword:
- interest rate pass-through models
- error correction models
- bank efficiency
- cost efficiency
- stochastic frontier analysis
language:
- iso: eng
page: 93-125
publication: Credit and Capital Markets--Kredit und Kapital
publication_status: published
status: public
title: 'Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?'
type: journal_article
user_id: '64756'
volume: 49
year: '2016'
...
---
_id: '5200'
author:
- first_name: Jens
full_name: Kengelbach, Jens
last_name: Kengelbach
- first_name: Georg
full_name: Keienburg, Georg
last_name: Keienburg
- first_name: Timo
full_name: Schmid, Timo
last_name: Schmid
- first_name: Sönke
full_name: Sievers, Sönke
id: '46447'
last_name: Sievers
- first_name: Oliver
full_name: Mehring, Oliver
id: '36373'
last_name: Mehring
citation:
ama: Kengelbach J, Keienburg G, Schmid T, Sievers S, Mehring O. Masters of the
Corporate Portfolio. The Boston Consulting Group, Inc., M&A Report; 2016.
apa: Kengelbach, J., Keienburg, G., Schmid, T., Sievers, S., & Mehring, O. (2016).
Masters of the Corporate Portfolio. The Boston Consulting Group, Inc.,
M&A Report.
bibtex: '@book{Kengelbach_Keienburg_Schmid_Sievers_Mehring_2016, title={Masters
of the Corporate Portfolio}, publisher={The Boston Consulting Group, Inc., M&A
Report}, author={Kengelbach, Jens and Keienburg, Georg and Schmid, Timo and Sievers,
Sönke and Mehring, Oliver}, year={2016} }'
chicago: Kengelbach, Jens, Georg Keienburg, Timo Schmid, Sönke Sievers, and Oliver
Mehring. Masters of the Corporate Portfolio. The Boston Consulting Group,
Inc., M&A Report, 2016.
ieee: J. Kengelbach, G. Keienburg, T. Schmid, S. Sievers, and O. Mehring, Masters
of the Corporate Portfolio. The Boston Consulting Group, Inc., M&A Report,
2016.
mla: Kengelbach, Jens, et al. Masters of the Corporate Portfolio. The Boston
Consulting Group, Inc., M&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&A Report, 2016.
date_created: 2018-10-31T12:26:07Z
date_updated: 2022-01-06T07:01:43Z
department:
- _id: '275'
language:
- iso: eng
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
publication_status: published
publisher: The Boston Consulting Group, Inc., M&A Report
status: public
title: Masters of the Corporate Portfolio
type: report
user_id: '46447'
year: '2016'
...