• An Extensible Model for Historical Financial Data with an Application to German Company and Stock Market Data 

      Gram, Dennis; Karapanagiotis, Pantelis; Krzyzanowski, Jan; Liebald, Marius; Walz, Uwe (2021-01-22)
      Broad, long-term financial and economic datasets are a scarce resource, in particular in the European context. In this paper, we present an approach for an extensible, i.e. adaptable to future changes in technologies and ...
    • Coinvestment and risk taking in private equity funds 

      Bienz, Carsten; Thorburn, Karin; Walz, Uwe (2016-01-01)
      Private equity fund managers are typically required to invest their own money alongside the fund. We examine how this coinvestment affects the acquisition strategy of leveraged buyout funds. In a simple model, where the ...
    • Does Say on Pay Matter? Evidence from Germany 

      Tröger, Tobias H.; Walz, Uwe (2017-09-13)
      We analyze a hand-collected dataset of 1682 executive compensation packages at 34 firms included in the main German stock market index (DAX) for the years 2009-2017 in order to investigate the impact of the 2009 say on pay ...
    • Entrepreneurial Spawning: Experience, Education, and Exit 

      Cumming, Douglas; Walz, Uwe; Werth, Jochen Christian (2016-02-29)
      We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from ...
    • Financial Constraints, Newly Founded Firms and the Financial Crisis 

      Hirsch, Julia; Walz, Uwe (2017-12-14)
      This paper aims to analyze the effects of financial constraints and the financial crisis on the financing and investment policies of newly founded firms. Thereby, the analysis adds important new insights on a crucial segment ...
    • The Financing Dynamics of Newly Founded Firms 

      Hirsch, Julia; Walz, Uwe (2016-11-01)
      Little evidence exists on the financing decisions of newly founded firms or on the financing dynamics of these firms over their life cycle. We aim to help filling this gap by investigating the financing dynamics of 2,456 ...
    • The Influence of Leveraged Buyouts on Target Firms’ Competitors 

      Grupp, Marcel; Rauch, Christian; Umber, Marc P.; Walz, Uwe (2015-04-01)
      This paper analyzes the influence Leveraged Buyouts (LBOs) have on the operating performance of the LBO target companies’ direct competitors. A unique and hand-collected data set on LBOs in the United States in the period ...