Fakultät für Wirtschaftswissenschaften - Publications (Universität Paderborn)

Publications: Journal-Ranking according to VHB-Jourqual 3, December 2018:

A+/A-Journals

1. "Paying for Performance in Private Equity: Evidence from VC Partnerships " with N. Huether, D. Robinson and T. Hartmann-Wendels (Management Science, (2020), Vol. 6, No. 4, pp. 1509-1782, Financial Times TOP 50 Journal, September 2016) SSRN Article
Appendix
Blogpost

2. "Bank Funding Stability - Pricing Strategies and the Guidance of Depositors", with T. Schlueter and T. Hartmann-Wendels, (Journal of Banking & Finance, (2015), Vol. 51, pp. 43-61) SSRN Article

3. "Extended Dividend, Cash Flow and Residual Income Valuation Models - Accounting for Deviations from Ideal Conditions", with N. Heinrichs, D. Hess, C. Homburg, M. Lorenz (Contemporary Accounting Research (2013), Vol. 30, No. 1, pp. 42–79, Financial Times TOP 50 Journal, September 2016) SSRN Article

4. "The Relevance of Financial versus Non-Financial Information for the Valuation of Venture Capital-Backed Firms", with C. Mokwa and G. Keienburg (European Accounting Review (2013), Vol. 22, No. 3, pp. 467-511) SSRN Article

B-Journals

1. "Determinants of Market Beta: The Impact of Firm-Specific Accounting Figures and Market Conditions", with T. Schlueter (Review of Quantitative Finance and Accounting (2014), Vol. 42, No. 3, pp. 535-570) SSRN Article

2. "Valuing High Technology Firms", with J. Klobucnik (Journal of Business Economics / Zeitschrift für Betriebswirtschaft (2013), Vol. 83, No. 9, pp. 947-984 (Best Practice Paper Award der VHB, 2012) SSRN Article

3. "Adverse selection, Investor Experience and Security Choice in Venture Capital Finance: Evidence from Germany", with T. Hartmann-Wendels, G. Keienburg (European Financial Management (2011), Vol. 17, No. 3, pp. 464-499) SSRN Article

C/D-Journals

1. "Wertgenerierung bei M&A Transaktionen durch Bekanntgabe von Synergien?", with G. Keienburg, J. Kengelbach and O. Mehring (Corporate Finance (2019), Vol. 3-4, pp. 76-84) TAF-WP Article

2. "Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp" with C. Sureth-Sloane and A. Uhde (Die Wirtschaftsprüfung (2018), Vol. 71, No. 9, pp. 569-575)
Article

3. "Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?", with T. Schlueter, R. Busch and T. Hartmann-Wendels (Credit and Capital Markets (2016), Vol. 49, No. 1, pp. 93–125) SSRN Article

4. "Erfolgsfaktoren bei Mergers and Acquisitions – Warum schaffen Portfoliomaster mehr Value Added?", with G. Keienburg, J. Kengelbach and O. Mehring (Corporate Finance (2016) , Vol. 81, No. 9, pp. 283–290)
AP Article

5. "Investment distortions and the value of the government's tax claim", with D. Kreutzmann and C. Mueller (Applied Financial Economics (2013), Vol. 23, No. 11, pp. 977-989) SSRN Article

6. "To buy or not to buy? The value of contradictory analyst signals", with J. Klobucnik, D. Kreutzmann and S. Kanne (Swisscanto Best Paper Award 2012, Financial Markets and Portfolio Management (2012) Vol. 26, No. 4, pp. 405–428) SSRN Article

7. "Unternehmensbewertung in Deutschland: Verfahren, Finanzplanung und Kapitalkostenermittlung", with C. Homburg, M. Lorenz (ZfCM - Zeitschrift für Controlling & Management (2011), Vo. 55, No. 2, pp. 119-130) Article
Working Papers: 1. "Co-movement of Price and Intrinsic Value - Does Accounting Information Matter?", with O. Mehring, P. Olsson and C. Sofilkanitsch
SSRN

online- appendix

2. "GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?”, with O. Mehring, J. Mueller and C. Sofilkanitsch SSRN

3. "Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence", with J. Klobucnik and D. Miersch
SSRN

4. "Biases in Management Forecasts of Venture-Backed Start-Ups Revisited: Evidence From Internal Due Diligence Documents of VC Investors", with C. Mokwa (R&R) SSRN

5. "The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments", with C. Mokwa SSRN

6. "What matters for organizing M&As successfully?" SSRN
Practice-oriented Publications: 1. Post on "What are the effects of strategy consultants, financial, and legal M&A advisors on M&A success?". The research has been featured by the Columbia Law School's Blog on Corporations and Capital Markets with A. Schmitz. Blog

2. " How Private Equity can leverage downturn M&A for value creation" with D. Degen, D. Kim, J. Kengelbach in: M&A Review Europe Article

3. "Alternative Deals Gain Traction" with J. Kengelbach, G. Keienburg, D. Degen, T. Söllner and A. Kashyrkin in: BCG´s M&A-Report 2020 Report

4. "Downturn M&A: Die Erfolgsstrategie der Stunde?" with D. Kim, D. Degen and J. Kengelbach in: M&A Review 9/2020, S. 266-271 Article

5. "Downturns Are a Better Time for Deal Hunting" with J. Kengelbach, G. Keienburg, M. Bader, D. Degen, J. Gell and J. Nielsen in: BCG´s M&A-Report 2019 Report

6. "Synergies Take Center Stage" with J. Kengelbach, G. Keienburg, T. Schmid, D. Degen in: BCG´s M&A-Report 2018 Report

7. Blog post by Prof. Sönke Sievers: "Kapitalmarktorientierte Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz". Blog

8. Update on the M&A market entitled "As Prices Peak, Should Dealmakers wait for the next Downturn?" with J. Kengelbach, D. Degen, G. Keienburg, T. Schmid (2018) Article

9. Post on "Paying for Performance in Private Equity: Evidence from VC Partnerships". The research results have been featured by the Harvard Law Forum on Corporate Governance and Financial Regulation, Prof. Huether (Indiana University, Kelley School of Business), Prof. Robinson (University Fuqua School of Business), Prof. Sievers (Paderborn University) and Prof. Hartmann-Wendels (University of Cologne, 2018) Executive summary

10. "The Technology Takeover" with J. Kengelbach, G. Keienburg, T. Schmid, K. Gjersta, J. Nielsen, D. Walker in: BCG's M&A-Report 2017 Report

11. "Masters of the Corporate Portfolio" with J. Kengelbach, G. Keienburg, T. Schmid, O. Mehring in: BCG's M&A-Report 2016 Report

12. " Die erfolgreiche Bindung des Sparers an die Bank" with T. Schlueter and T. Hartmann-Wendels in: Börsen-Zeitung, Vol. 18 from January 26, 2013, p. 5. Article

13." Wie Banken Kostenvorteile weitergeben" with R. Busch, T. Schlueter and T. Hartmann-Wendels in: Börsen-Zeitung, Vol. 6 from January 10, 2013, p. 6. Article
Books: 1. Sievers, S.: Company Valuation and Growth - Theory, Empirical Evidence and Practical Implementation Issues, Münster: MV-Verlag, 2nd edition, 2013

Further information:

Opportunities for Cooperation

Center for Tax and Accounting Research

Journal-Ranking according to VHB-Jourqual 3, December 2018:
A+/A-Journals
1. "Paying for Performance in Private Equity: Evidence from VC Partnerships " with N. Huether, D. Robinson and T. Hartmann-Wendels (Management Science, (2020), Vol. 6, No. 4, pp. 1509-1782, Financial Times TOP 50 Journal, September 2016)	SSRN	Article Appendix Blogpost
2. "Bank Funding Stability - Pricing Strategies and the Guidance of Depositors", with T. Schlueter and T. Hartmann-Wendels, (Journal of Banking & Finance, (2015), Vol. 51, pp. 43-61)	SSRN	Article
3. "Extended Dividend, Cash Flow and Residual Income Valuation Models - Accounting for Deviations from Ideal Conditions", with N. Heinrichs, D. Hess, C. Homburg, M. Lorenz (Contemporary Accounting Research (2013), Vol. 30, No. 1, pp. 42–79, Financial Times TOP 50 Journal, September 2016)	SSRN	Article
4. "The Relevance of Financial versus Non-Financial Information for the Valuation of Venture Capital-Backed Firms", with C. Mokwa and G. Keienburg (European Accounting Review (2013), Vol. 22, No. 3, pp. 467-511)	SSRN	Article
B-Journals
1. "Determinants of Market Beta: The Impact of Firm-Specific Accounting Figures and Market Conditions", with T. Schlueter (Review of Quantitative Finance and Accounting (2014), Vol. 42, No. 3, pp. 535-570)	SSRN	Article
2. "Valuing High Technology Firms", with J. Klobucnik (Journal of Business Economics / Zeitschrift für Betriebswirtschaft (2013), Vol. 83, No. 9, pp. 947-984 (Best Practice Paper Award der VHB, 2012)	SSRN	Article
3. "Adverse selection, Investor Experience and Security Choice in Venture Capital Finance: Evidence from Germany", with T. Hartmann-Wendels, G. Keienburg (European Financial Management (2011), Vol. 17, No. 3, pp. 464-499)	SSRN	Article
C/D-Journals
1. "Wertgenerierung bei M&A Transaktionen durch Bekanntgabe von Synergien?", with G. Keienburg, J. Kengelbach and O. Mehring (Corporate Finance (2019), Vol. 3-4, pp. 76-84)	TAF-WP	Article
2. "Restrukturierungen: operative und finanzielle Wertbeiträge. Eine Betrachtung vor dem Hintergrund der Entwicklungen bei thyssenkrupp" with C. Sureth-Sloane and A. Uhde (Die Wirtschaftsprüfung (2018), Vol. 71, No. 9, pp. 569-575)		Article
3. "Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?", with T. Schlueter, R. Busch and T. Hartmann-Wendels (Credit and Capital Markets (2016), Vol. 49, No. 1, pp. 93–125)	SSRN	Article
4. "Erfolgsfaktoren bei Mergers and Acquisitions – Warum schaffen Portfoliomaster mehr Value Added?", with G. Keienburg, J. Kengelbach and O. Mehring (Corporate Finance (2016) , Vol. 81, No. 9, pp. 283–290)	AP	Article
5. "Investment distortions and the value of the government's tax claim", with D. Kreutzmann and C. Mueller (Applied Financial Economics (2013), Vol. 23, No. 11, pp. 977-989)	SSRN	Article
6. "To buy or not to buy? The value of contradictory analyst signals", with J. Klobucnik, D. Kreutzmann and S. Kanne (Swisscanto Best Paper Award 2012, Financial Markets and Portfolio Management (2012) Vol. 26, No. 4, pp. 405–428)	SSRN	Article
7. "Unternehmensbewertung in Deutschland: Verfahren, Finanzplanung und Kapitalkostenermittlung", with C. Homburg, M. Lorenz (ZfCM - Zeitschrift für Controlling & Management (2011), Vo. 55, No. 2, pp. 119-130)		Article

1. "Co-movement of Price and Intrinsic Value - Does Accounting Information Matter?", with O. Mehring, P. Olsson and C. Sofilkanitsch	SSRN online- appendix
2. "GAAP Reporting and Investor Attention: Are Investors Misled by Exclusions of Recurring Expenses from Non-GAAP Earnings before Restatement Announcements?”, with O. Mehring, J. Mueller and C. Sofilkanitsch	SSRN
3. "Predicting Early Warning Signals of Financial Distress: Theory and Empirical Evidence", with J. Klobucnik and D. Miersch	SSRN
4. "Biases in Management Forecasts of Venture-Backed Start-Ups Revisited: Evidence From Internal Due Diligence Documents of VC Investors", with C. Mokwa (R&R)	SSRN
5. "The Relevance of Biases in Management Forecasts for Failure Prediction in Venture Capital Investments", with C. Mokwa	SSRN
6. "What matters for organizing M&As successfully?"	SSRN

1. Post on "What are the effects of strategy consultants, financial, and legal M&A advisors on M&A success?". The research has been featured by the Columbia Law School's Blog on Corporations and Capital Markets with A. Schmitz.	Blog
2. " How Private Equity can leverage downturn M&A for value creation" with D. Degen, D. Kim, J. Kengelbach in: M&A Review Europe	Article
3. "Alternative Deals Gain Traction" with J. Kengelbach, G. Keienburg, D. Degen, T. Söllner and A. Kashyrkin in: BCG´s M&A-Report 2020	Report
4. "Downturn M&A: Die Erfolgsstrategie der Stunde?" with D. Kim, D. Degen and J. Kengelbach in: M&A Review 9/2020, S. 266-271	Article
5. "Downturns Are a Better Time for Deal Hunting" with J. Kengelbach, G. Keienburg, M. Bader, D. Degen, J. Gell and J. Nielsen in: BCG´s M&A-Report 2019	Report
6. "Synergies Take Center Stage" with J. Kengelbach, G. Keienburg, T. Schmid, D. Degen in: BCG´s M&A-Report 2018	Report
7. Blog post by Prof. Sönke Sievers: "Kapitalmarktorientierte Erfolgsmessung von M&A Transaktionen – Deutsche und weltweite Evidenz".	Blog
8. Update on the M&A market entitled "As Prices Peak, Should Dealmakers wait for the next Downturn?" with J. Kengelbach, D. Degen, G. Keienburg, T. Schmid (2018)	Article
9. Post on "Paying for Performance in Private Equity: Evidence from VC Partnerships". The research results have been featured by the Harvard Law Forum on Corporate Governance and Financial Regulation, Prof. Huether (Indiana University, Kelley School of Business), Prof. Robinson (University Fuqua School of Business), Prof. Sievers (Paderborn University) and Prof. Hartmann-Wendels (University of Cologne, 2018)	Executive summary
10. "The Technology Takeover" with J. Kengelbach, G. Keienburg, T. Schmid, K. Gjersta, J. Nielsen, D. Walker in: BCG's M&A-Report 2017	Report
11. "Masters of the Corporate Portfolio" with J. Kengelbach, G. Keienburg, T. Schmid, O. Mehring in: BCG's M&A-Report 2016	Report
12. " Die erfolgreiche Bindung des Sparers an die Bank" with T. Schlueter and T. Hartmann-Wendels in: Börsen-Zeitung, Vol. 18 from January 26, 2013, p. 5.	Article
13." Wie Banken Kostenvorteile weitergeben" with R. Busch, T. Schlueter and T. Hartmann-Wendels in: Börsen-Zeitung, Vol. 6 from January 10, 2013, p. 6.	Article