Academic Departments

Who we are

The Academic Department of Innovation and Entrepreneurship explores developments and extends research into management of innovation and company start-ups. The research focus lies on empirical investigation of innovation and start-up processes. Research subjects include corporate strategies to profit from innovation, openness in innovation processes, innovation by users, patent management, the recognition of business opportunities, entrepreneurial individuals‘ and teams‘ psychological processes, strategies for young companies, as well as understanding the consequences of entrepreneurial failure.

Professors

Prof. Dr. Oliver Alexy

Strategic Entrepreneurship

Areas of interest

  • Growth & renewal of firms
  • Ecosystems
  • (Innovation) strategy
  • Open innovation
  • Organization design

Awards

  • Finalist (one of three), Past Division Chairs’ Emerging Scholar Award, Technology and Innovation Management (TIM) Division, Academy of Management Conference 2013, Lake Buena Vista, FL
  • Finalist (one of four), Best Paper Award, DRUID Conference 2013, Barcelona, Spain
  • Best Reviewer Award Academy of Management Journal 2014
  • Best Teaching Award, TUM School of Management, 2013

Editorship (2013-2016)

  • Academy of Management Journal, Member of the Editorial Review Board
  • IEEE Transactions on Engineering Management, Member of Board of Reviewers

Curriculum vitae

Oliver Alexy joined TUM School of Management in July 2012 as Professor of Strategic Entrepreneurship. Previously, he held several roles in the Innovation & Entrepreneurship Group at Imperial College Business School in London, England. Oliver’s teaching encompasses lectures and seminars on topics such as organizational renewal, business models, open innovation, and entrepreneurial growth. He currently teaches on the undergraduate, graduate, and executive programs at TUM School of Management and furthermore offers courses to students of other departments, such as Informatics. Oliver‘s research revolves around the design of organizations in general, and of R&D organization in particular, and how this relates to the innovative success and strategic renewal of established companies and the establishment and growth of start-ups. In this context, he particularly focuses on the role of open and distributed innovation processes and networks, topics which are of high interest and relevance to academics and practitioners alike. His research has been published or is forthcoming in leading international academic journals, such as the Academy of Management Review, Journal of Management Studies, Research Policy, and Entrepreneurship Theory & Practice, as well as practitioner-oriented outlets such as Harvard Business Review, California Management Review, Sloan Management Review, and McKinsey Quarterly.

Selected current research projects

Origins of organizing: In cooperation with INSEAD and the University of Vienna, we enquire how young firms go about designing their fledgling organizations. The insights we develop will help start-ups organize better, and shed new light on the path-dependent processes by which firms are shaped.

Harnessing External Innovations Project (HEIP): Together with partners from Imperial College and the University of Bath, we seek to understand better how firms can successfully innovate together with agents and entities outside the firm. In doing so, we want to improve our understanding of why, when, and how firms can successfully engage in more open and distributed forms of innovation.

Key Publications

  • Puranam, Phanish;Alexy, Oliver;Reitzig, Markus: What's "New" about New Forms of Organizing?. Academy of Management Review 39 (2), 2014, 162-180 [ Full text ( DOI ) ]
  • Alexy, Oliver;George, Gerard;Salter, Ammon: Cui Bono? The Selective Revealing of Knowledge and Its Implications for Innovative Activity. Academy of Management Review 38 (2), 2013, 270-291 [ Full text ( DOI ) ]
  • Alexy, Oliver;Criscuolo, Paola;Salter, Ammon: Does IP Strategy Have to Cripple Open Innovation?. Sloan Management Review 51 (1), 2009, 71-77

Prof. Dr. jur. Christoph Ann, LL.M.

Corporate and Intellectual Property Law

Areas of interest

  • European and International Law of Technology Protection (Patents & Trade Secrets) including Licensing and Competition Law, including respective business environments (IP strategy and IP management)

Editorship (2013-2016)

  • Schriftenreihe “Geistiges Eigentum und Wettbewerb (GEW)”, Verlag Carl Heymanns, Köln, Editorial Board Member (with Prof. Dr. Anja Steinbeck)
  • Schriftenreihe des Munich Intellectual Property Law Center (MIPLC), Nomos Verlagsgesellschaft, Baden- Baden, Editorial Board Member (with Prof. Dres. Robert Brauneis, Josef Drexl, Thomas Möllers und Joseph Straus)
  • NomosKommentar BGB, Band 5: Erbrecht, 4. Aufl., 2014 (bis 2. Aufl. 2007 AnwaltKommentar im Anwaltverlag Bonn), Nomos Verlagsgesellschaft, Baden-Baden, Co-Editor (with Prof. Dr. Ludwig Kroiß und Prof. Dr. Jörg Mayer)
  • “Schriftenreihe Lizenzen und Lizenzvertragsrecht“ (bis 2015: “Schriftenreihe zum Technologietransfer“), Nomos Verlagsgesellschaft, Baden-Baden, Editorial Board Member (with Prof. Dr. Christian Osterrieth)

Curriculum vitae

Professor Christoph Ann has held the TUM School of Management’s Chair of Corporate and IP Law since 2003.

Prof. Ann has earned law degrees in both Germany and the U.S. (LL.M., Duke ’88). Before coming to Munich, he practiced as an attorney in Munich and Erlangen and from 2000-2003 taught IP law as a full Professor of Law in Freiburg/Br., then Germany’s #1 law school. From 2001-2003 he also served as a judge on the Mannheim Regional Court’s renowned IP Infringement Panel with jurisdiction over the German state of Baden-Württemberg, which is technologically eminent. In Munich, Prof. Ann teaches IP Law at TUM and at the Munich Intellectual Property Law Center (MIPLC), where he also serves on the Managing Board.

On a regular basis, Prof. Ann teaches at universities abroad; in the U.S. (GWU, UWash, Duke Univ., Stetson, UOregon), in Australia (La Trobe Univ.), in France (IHEE and Université Robert Schuman, Strasbourg), and in Hungary (Andrássy University, Budapest). He holds adjunct professorships at both, George Washington University Law School, Washington D.C., and LaTrobe University, School of Law, Melbourne.

Prof. Ann’s has published six books and more than 150 articles and contributions to books. His new edition of the German speaking world’s leading treatise on Patent law (1,120 pp.) appeared in Feb. 2016. Prof. Ann’s interests focus on European and International Law of Technology Protection (Patents & Trade Secrets) including Licensing and Competition Law as well as the respective business environments (IP strategy and IP management).

Prof. Ann is a listed Neutral with the WIPO Arbitration and Mediation Center, chairman of the Nuremberg Chamber of Commerce’s Standing Court of Commercial Arbitration and has served as an arbitrator for the ICC, UNCITRAL, and the German Arbitration Institution (DIS). In Britain and the U.S. he has served as an expert for German and European IP Law.

Selected current research projects

Independence and impartiality of bodies charged with review of decisions at USPTO, SIPO, JPO, KIPO, EPO.

Sponsored student research project on backlogs at Big 5 Patent Offices.

Research on how African patent systems could be set up in ways beneficial for African SMEs, including present reform of the South African Company and IP Commission (CIPC)

Key Publications

  • Ann, C.: Kommentierung §§ 2042-2063 BGB. C.H.BECK, 2016
  • Kraßer, R.; Ann, C.: Patentrecht. C.H.BECK, 2016, ca. 1.000 Seiten
  • Ann, C.; Maute, L.: Technologieschutz und Marken. C.H.BECK, 2016, 185 - 193
  • Ann, C.: Patentwert und Patentnichtigkeit - Wieviel Rechtssicherheit dürfen Patentinhaber beanspruchen?. Mitt., 2016, 245 - 252
  • Ann, C.; Anetsberger, G.; Wegner, H.; El Barbari, K.; Hormann, T.: Increasing Formalism in Appeal Proceedings - The EPO Boards of Appeal Headed to a Mere Reviewing Instance?. epi Information, 2015, 63 - 70
  • Ann, C.: Arbeitnehmererfinderrecht - Beleg für die Leistungsfähigkeit deutscher Tarifpartnerschaft?. TFM, 2015, 29 - 34
  • Ann, C.; Hauck, R.; Maute, L.: Auskunftsanspruch und Geheimnisschutz im Verletzungsprozess. Carl Heymanns, 2011, 187 S.

Prof. Dr. Nicola Breugst

Entrepreneurial Behavior

Areas of interest

  • Founder Teams
  • Entrepreneurial Cognition
  • Affect in Entrepreneurship
  • Entrepreneurial Motivation
  • Leadership in Young Ventures

Awards

  • Excellence in Reviewing Award from Journal of Business Venturing for the year 2013

Editorship (2013-2016)

  • Journal of Business Venturing, Member of the Editorial Review Board

Curriculum vitae

Nicola Breugst holds the Professorship of Entrepreneurial Behavior at TUM School of Management since March 2012. She has a PhD in entrepreneurship from Friedrich-Schiller-Universität, Jena and her dissertation won the prestigious NFIB dissertation award from the Entrepreneurship Division of the Academy of Management. Nicola worked at the University of Duisburg-Essen, the Max Planck Institute of Economics in Jena, the Kelley School of Business at Indiana University, and the National University of Singapore.

Nicola’s research focuses on the people side of entrepreneurship. More specifically, she addresses questions of entrepreneurial affect, motivation, and cognition and integrates the entrepreneurs’ social contexts, such as the founder team, new venture employees, and mentors. Her papers were published in internationally leading entrepreneurship journals. Her fascination for the people side of entrepreneurship also inspires her teaching which aims at developing the students’ entrepreneurial and analytical thinking.

Selected current research projects

“Is entrepreneurial effort contagious?” – In cooperation with Indiana University, we investigate when entrepreneurial team members inspire their teammates to invest effort in their venture.

“Does it take a strong team to identify opportunities?” – Jointly with Ecole Polytechnique Fédérale Lausanne, we investigate how founder teams use their human capital to transfer a technology into entrepreneurial opportunities.

Key Publications

  • Breugst, N.;Patzelt, H.;Rathgeber, P.: How should we divide the pie? Equity distribution and its impact on entrepreneurial teams. Journal of Business Venturing 30 (1), 2015, 66-94 [ Full text ( DOI ) ]
  • Breugst, N., Shepherd, D. A.: If you fight with me, I'll get mad! A social model of entrepreneurial affect. Entrepreneurship Theory and Practice forthcoming, 2015
  • Laspita, Stavroula;Breugst, Nicola;Heblich, Stephan;Patzelt, Holger: Intergenerational transmission of entrepreneurial intentions. Journal of Business Venturing 27 (4), 2012, 414–435 [ Full text ( DOI ) ]

Prof. Dr. Joachim Henkel

Technology and Innovation Management

Areas of interest

  • Open innovation
  • Markets for technology
  • Modularity
  • Patent management
  • Profiting from innovation

Editorship (2013-2016)

  • Academy of Management Journal, Member of the Editorial Review Board
  • Industrial and Corporate Change, Associate Editor
  • Research Policy, Advisory Editor

Curriculum vitae

Joachim Henkel joined TUM School of Management in 2004 as a full professor of technology and innovation management. He received a degree in physics from the University of Bonn, a Ph.D. in economics from the University of Mannheim, and his habilitation in innovation management at Ludwig-Maximilians-University Munich. He was a visiting scholar at University College London, MIT Sloan School of Management, and at Harvard Business School, and in 2016 spends a sabbatical at Singapore Management University.

He is regularly invited to give research seminars at international universities and business schools. After his Ph.D., he worked for two years with the consulting firm, Bain & Company. He consults for firms in the ICT industries, in particular on IP litigation matters.

In his research, Joachim Henkel studies how firms balance open and proprietary approaches in their efforts to profit from innovation. Specifically, his topics comprise open innovation, user innovation, markets for technology, modularity, patent management, patent infringements, and profiting from innovation. His work has been published, among others, in Harvard Business Review, Rand Journal of Economics, Research Policy, and Strategic Management Journal. He serves on the editorial review boards of Academy of Management Journal, Industrial and Corporate Change, and Research Policy. Three of his former doctoral and habilitation students hold faculty positions at German universities. Since 2015, Joachim Henkel serves as the TUM School of Management’s Dean of Research.

Selected current research projects

Markets for technology: In joint work with Thomas Rønde (Copenhagen Business School), Dominic Distel, and Jan Paul Stein (both doctoral students at TUM), Joachim Henkel explores markets for technology. Specifically, this research studies the acquisition of young technology firms by incumbents and the stability of the market for IP cores in the semiconductor industry.

Patent validity: What is the probability that a randomly selected patent, if challenged in court, would be invalidated? This question is of high relevance both to patent holders as to potential challengers. Joachim Henkel and Hans Zischka (a former doctoral student at TUM) address it using interviews, a survey, and an econometric analysis of German court decisions.

Key Publications

  • Jell, F.; Henkel, J.; Wallin, M.: Offensive patent portfolio races. Long Range Planning (in print), 2016 [ Full text (mediaTUM) ]
  • Baldwin, C., Henkel, J.: Modularity and intellectual property protection. Strategic Management Journal 36 (11), 2015, 1637-1655 [ Full text (mediaTUM) ]
  • Block, J., Henkel, J., Schweisfurth, T., Stiegler, A.: Commercializing user innovations by vertical diversification: The user-manufacturer innovator. Research Policy 45, 2015, 244-259 [ Full text ( DOI ) ] [ Full text (mediaTUM) ]
  • Fischer, T., Henkel, J.: Complements and substitutes in profiting from innovation – —A choice experimental approach. Research Policy 42 (2), 2012, 326-339 [ Full text ( DOI ) ]
  • Henkel, Joachim: The risk-return paradox for strategic management: disentangling true and spurious effects. Strategic management journal 30 (3), 2009, 287-303 [ Full text ( DOI ) ]
  • Henkel, Joachim: Selective revealing in open innovation processes: The case of embedded Linux. Research Policy 35 (7), 2006, 953-969 [ Full text ( DOI ) ]
  • Henkel, Joachim: The 1.5 th mover advantage. RAND Journal of Economics, 2002, 156-170

Prof. Hana Milanov, PhD

International Entrepreneurship

Areas of interest

  • Internal Entrepreneurship
  • Entrepreneurial Networks
  • Network Dynamics and Change
  • Venture Capital, Legitimation, status transfer, and reputation mechanisms

Awards

  • Certificate of Excellence in Teaching, Master of International Management program,
    IE Business School

Editorship (2013-2016)

  • Journal of Business Venturing, Member of the Editorial Review Board

Curriculum vitae

Hana Milanov has been a Professor of International Entrepreneurship at TUM School of Management, Technical University of Munich since 2012. In 2014 she has been elected as TUM‘s Senior Vice President for International Alliances and Alumni. Since 2012, she also serves as the Academic Director of the Executive MBA in Innovation and Business Creation at TUM. Prior to her employment at TUM, she worked at IE Business School in Madrid, Spain, as a Professor of Entrepreneurship. She completed her doctoral studies in Entrepreneurship and Strategy at Kelley School of Business, Indiana University in USA.

Prof. Milanov conducts research at the nexus of the literatures in entrepreneurship, international business and social networks. Her interests lie in understanding the evolution of alliances and networks and their role in firm internationalization, opportunity exploitation and firm performance. Her research has been published in leading international academic journals, such as the Strategic Management Journal, the Journal of Business Venturing, and the Academy of Management Perspectives. Prof. Milanov is experienced in teaching in undergraduate, MBA, Masters, Executive MBA and PhD programs across different countries (Croatia, Germany, Spain, USA). She enjoys interactive teaching and as a supporter of experiential and action-learning, has actively developed teaching materials and contributed to teaching conferences.

Selected current research projects

“Like a moth to a flame” – We integrate multiple data sources to investigate how business angels’ popularity and media activity influences start-ups’ access to professional investors and funding.

“The Gender of Family business” – In cooperation with IE Business School, we investigate causes and consequences of gender participation in the governance of publically listed family businesses across USA and selected EU countries.

“Go abroad to win at home” – we investigate why and how early internationalization influences young venture capital firms’ domestic market positions.

“Is family business social responsibility really “corporate”?” – In cooperation with IE Business School, we investigate how the business-owning family’s private support of social causes through family foundations influences the CSR practices of publically listed family businesses across USA.

Key Publications

  • Milanov, H.;Fernhaber, S. A.: When do domestic alliances help new ventures abroad? Direct and moderating effects from a learning perspective. Journal of Business Venturing 29 (3), 2014, 377-391 [ Full text ( DOI ) ]
  • Milanov, H.;Shepherd, D.A.: The importance of the first relationship: The ongoing influence of initial network on future status. Strategic Management Journal 34 (6), 2013, 727-750 [ Full text ( DOI ) ]
  • Dimov, D.;Milanov, H.: The interplay of need and opportunity in venture capital investment syndication. Journal of Business Venturing 25 (4), 2010, 331-348 [ Full text ( DOI ) ]

Prof. Dr. Dr. Holger Patzelt

Entrepreneurship

Areas of interest

  • Entrepreneurial Decision Making
  • Opportunity Recognition and Exploitation
  • Entrepreneurial Strategy
  • Entrepreneurial Failure
  • Managing Entrepreneurial Projects in Large Corporations

Editorship (2013-2016)

  • Academy of Management Journal, Member of Board of Reviewers
  • Journal of Business Venturing, Member of Board of Reviewers
  • Entrepreneurship: Theory and Practice, Member of Board of Reviewers
  • Foundations and Trends in Entrepreneurship, Member of Board of Reviewers

Curriculum vitae

Holger Patzelt has been a Professor of Entrepreneurship and Chair of Entrepreneurship at TUM School of Management, Technical University of Munich since 2010. Since 2013 he also serves as the school’s Vice Dean of Academic Affairs. Prior to his employment at TUM, he worked at the Max Planck Institute of Economics in Jena, Germany, as a Post-Doc and as an Associate Director of the Entrepreneurship, Growth and Public Policy Group. He completed his doctoral studies in Entrepreneurship at the University of Bamberg, Germany, and his doctoral studies in Biosciences at the University of Heidelberg, Germany.

In his research Prof. Patzelt draws on perspectives from psychology, business strategy, and organization theory. His interests include entrepreneurial decision making and opportunity recognition, strategy of young ventures, managing entrepreneurial projects in large firms, and entrepreneurial failure. His research has been published in leading international academic journals of both social sciences, such as the Academy of Management Journal, the Journal of Management, the Journal of Business Venturing, and Entrepreneurship: Theory and Practice, and natural sciences, such as Nature and the Proceedings of the National Academy of Sciences (PNAS). Prof. Patzelt teaches entrepreneurship at the undergraduate, Masters, Executive MBA, and PhD levels.

Detailed Curriculum Vitae

Selected current research projects

“Startup EKG” – We explore the development of organizational cultures and organizational identity in entrepreneurial ventures using a longitudinal study of more than 100 startups.

“Project success panel” – We investigate how large firms can facilitate team members’ transitions from one entrepreneurial project to the next.

“FIT project” – We analyze how failing projects can be identified early on, the effect of project failure of employee motivation, and what firms can do to create a culture of openly communicating mistakes and failure.

Key Publications

  • Breugst, N.;Patzelt, H.;Rathgeber, P.: How should we divide the pie? Equity distribution and its impact on entrepreneurial teams. Journal of Business Venturing 30 (1), 2015, 66-94 [ Full text ( DOI ) ]
  • Patzelt, H.;Williams, T.A.;Shepherd, D.A.: Overcoming the walls that constrain us: Reactions to an entrepreneurship education program in prison. Academy of Management Learning & Education 13 (4), 2014, 587-620 [ Full text ( DOI ) ]
  • Shepherd, D.A.;Patzelt, H.;Baron, R.A.: "I care about nature, but ...": Disengaging values in assessing opportunities that cause harm. Academy of Management Journal 56 (5), 2013, 1251-1273 [ Full text ( DOI ) ]
  • Breugst, Nicola ; Domurath, Anne ; Patzelt, Holger ; Klaukien, Anja: Perceptions of entrepreneurial passion and employees' commitment to entrepreneurial ventures. Entrepreneurship Theory and Practice 36 (1), 2012, 171-192 [ Full text ( DOI ) ]
  • Laspita, Stavroula;Breugst, Nicola;Heblich, Stephan;Patzelt, Holger: Intergenerational transmission of entrepreneurial intentions. Journal of Business Venturing 27 (4), 2012, 414–435 [ Full text ( DOI ) ]
  • Patzelt, H.;Shepherd, Dean A.: Recognizing opportunities for sustainable development. Entrepreneurship: Theory & Practice 35 (4), 2011, 631-652 [ Full text ( DOI ) ]

Prof. Dr. Sebastian Pfotenhauer

Innovation Research Munich Center for Technology in Society (MCTS)

Areas of interest

  • Innovation theory and the ‘innovation society’
  • National and regional innovation strategies
  • Circulation of innovation models
  • Complex international partnerships for STI capacity-building
  • Governance of complex sociotechnical systems

Curriculum vitae

Sebastian Pfotenhauer joined the TUM faculty in Oct. 2015 as Assistant Professor of Innovation Research with a co-appointment between the Munich Center for Technology in Society (MCTS) and the School of Management. Prior to TUM, Sebastian worked as a Research Scientist and Lecturer at the MIT Technology & Policy Program and MIT Sociotechnical Research Center (2013-15), both MIT Institute for Data, System, and Society, where he continues to hold a Research Associate appointment. He was also a Fellow at the Harvard Program in Science, Technology and Society, Harvard Kennedy School (2011-2015). At MIT, he co-lead the NSF-funded collaborative project (with JHU) “Technology, Collaboration, and Learning: Modelling Complex International Innovation Partnerships”), and is a foreign co-investigator in the Harvard-led NSF project “Traveling Imaginaries of Innovation: The Practice Turn and its Transnational Implementation“. From 2010-2013, he was a post-doc at with the Leading Technology Policy Initiative at the MIT Engineering Systems Division, and part-time Director of Research/Education at the MIT Portugal Program, a $40 Million collaborative capacity-building initiative sponsored by the Portuguese government. Sebastian has served as consultant to various governments and international organizations, including the Division for Innovation and Measuring Progress (IMEP) and the Centre for Educational Research and Innovation (CERI) at the OECD, on innovation policy, higher education, and capacity-building in science, technology, and innovation. He was a recipient of the European Recovery Program (ERP) Postgraduate Fellowship of the German Federal Ministry for Economic Affairs & Energy and the German Academic Scholarship Foundation, and an Education Excellence Award by the MIT Technology & Policy Program. Sebastian holds a S.M from MIT in Technology & Policy from MIT and a PhD in Physics from Friedrich Schiller University Jena. He enjoys teaching graduate level classes in science and technology policy and STS, and (time permitting) playing the violin in various ensembles.

Selected current research projects

CISTIPs: Launched at MIT jointly with researchers from Johns-Hopkins University, this NSF-sponsored project studies Complex International Science, Technology, and Innovation Partnerships (CISTIPs) combining perspectives from system architecture, STS, technology policy, and network analysis. The project principally focuses on CISTIPs in two sectors, universities and satellite development, aiming to develop tools for analysis, evaluation and design.

Traveling Imaginaries of Innovation: A collaborative project with Harvard funded by NSF, this project aims to analyze the global circulation of innovation “best-practice” models (e.g Silicon Valley, MIT) and what countries/societies/policy-makers envision when pursuing in- novation based on such models. Using approaches from STS, this project aims to theorize innovation as a ubiquitous, locally contingent, and heterogeneous yet increasingly standar- dized phenomenon.

Key Publications

  • Vincent-Lancrin, Stéphan;Fisher, Dara;Pfotenhauer, Sebastian: Ensuring Quality in Cross-Border Higher Education Implementing the UNESCO/OECD Guidelines: Implementing the UNESCO/OECD Guidelines. OECD Publishing, 2015
  • Vincent-Lancrin, Stéphan;Kärkkäinen, Kiira;Pfotenhauer, Sebastian;Atkinson, Adele;Jacotin, Gwenénaël;Rimini, Michele: Measuring Innovation in Education. Organisation for Economic Co-operation and Development (OECD), 2014
  • Vincent-Lancrin, Stéphan;Pfotenhauer, Sebastian: . , 2012
  • Schlenvoigt, Hans-Peter;Kaluza, Malte C;Jäckel, Oliver;Pfotenhauer, Sebastian M: Laser-based particle acceleration. INTECH Open Access Publisher, 2010

Research Centers

Visitors

Entrepreneurial Strategy, Course for PhD candidates in construct development, TUM School of Management Graduate School, May 2013, From Ivey School of Business, Canada

Corporate entrepreneurship, Research talk series contributor, December 2014, From Queensland University of Technology, Australia

Family Business, Research talk series contributor in April 2014, From IE Business School, Madrid

Cognition in Entrepreneurship, Course for PhD candidates, TUM School of Management Graduate School, May 20, 2014 to May 25, 2014, From Syracuse University / HEC Montreal

Technology Entrepreneurship, Course for MSc students, TUM School of Management and other TUM schools, January 2014, From EPFL

Sociology and Entrepreneurship, Sabbatical, supported by the Bavarian State Ministry of Education, Science, and the Arts, September 1, 2014 to December 30, 2015, From Furman University, Greenville, SC, USA

Strategic Management, Research talk series contributor, May 2014, From Cass Business School, UK

Strategic Management, Guest lecturer and researcher in December 2015, From Associate Professor of Strategic Management at Georgia Tech

Intellectual Property Management in the Global Market Place, Visiting Professorship, supported by the Bavarian State Ministry of Education, Science and the Arts, November 7, to December 16, 2016, From the University of Washington, Seattle, U.S.A.

Psychology of Entrepreneurship, Research talk series contributor in June 2015, From Nanyang Technological University, Singapore

MIT Sloan School of Management, Guest lecturer and researcher in March 2016, Innovation research

Featured Research Insights

Who we are

The Academic Department of Marketing, Strategy & Leadership focuses on the planning and achievement of market and company targets. Its primary interest is in the empirical investigation of attitudes, motivation and behavior amongst employees, manage-ment, customers, and consumers.

Professors

Prof. Dr. Frank-Martin Belz

Corporate Sustainability

Areas of interest

  • Sustainable Innovation
  • Sustainable entrepreneurship
  • Qualitative research
  • Case study research

Editorship (2013-2016)

  • Business Strategy and the Environment, Editorial Board Member

Curriculum vitae

Frank-Martin Belz has been Full Professor of Corporate Sustainability – Brewery and Food Industry Management at Technische Universität München (TUM School of Management) since 2003. He studied Business Administration at the University of Mannheim (Germany) and obtained his doctoral degree and habilitation from the University of St. Gallen (Switzerland). From 2004 until 2008 he was Academic Director of the Master Consumer Affairs, a leading international master program of the TUM School of Management. In 2009 he released “Sustainability Marketing: A Global Perspective” (together with Ken Peattie), which received the prestigious VHB Award for “Best Textbook of the Year”. 2012 and 2013 he was Distinguished Visiting Professur at Aalto University School of Business (Finland). Since 2014 he is coordinator of the large-scale European research project “Sustainable Lifestyles 2.0: End User Integration, Innovation and Entrepreneurship (EU-InnovatE)”. His primary research interest is entrepreneurship in the context of sustainable development. In terms of methodology, he is interested in qualitative research, more specifically case study research. His research has been published in international journals like Business Strategy and the Environment.

Selected current research projects

Sustainable Lifestyles 2.0: End User Integration, Innovation and Entrepreneurship (EU-InnovatE). For further information see www.euinnovate.com and p. 104 of the TUM Research Report.“

Key Publications

  • Binder, J. K.; Belz, F. M.: Kyrö, P. (Ed.): Sustainable Entrepreneurship: What it is. Edward Elgar, 2015
  • Belz, F. M.; Binder, J. K.: Sustainable Entrepreneurship: A Convergent Process Model. Business Strategy and the Environment 24, 2015
  • Binder, J. K.; Belz, F. M.: Mission Possible: Recognizing Entrepreneurial Opportunities in Social and Ecological Problems. , 2014
  • Belz, F. M.; Binder, J. K.: . , 2013
  • Belz, F. M.: Shaping the Future: Sustainable Innovation and Entrepreneurship. Social Business 3 (4), 2013, 311-324
  • Belz, F. M.;Baumbach, W.: Netnography as a Method of Lead User Identification. Creativity and Innovation Management 19 (3), 2010, 304-313 [ Full text ( DOI ) ]
  • Belz, F. M.;Schmidt-Riediger, B.: Marketing Strategies in the Age of Sustainable Development: Evidence from the Food Industry. Business Strategy and the Environment 19 (7), 2010, 401-416 [ Full text ( DOI ) ]
  • Belz, F.M.; Peattie, K.: Sustainability Marketing: A Global Perspective. Wiley, 2009
  • Belz, F.M.: Marketing in the 21st Century. Business Strategy and the Environment 15 (3), 2006, 1-5

Prof. Dr. Christoph Fuchs

Marketing

Contacts

Chair: Marketing
Email: office.marketing@wi.tum.de

Areas of interest

  • Customer Empowerment
  • New Roles of Consumers
  • New Product Development
  • Consumer Behavior
  • Product and Process Innovation

Editorship (2013-2016)

  • International Journal of Research in Marketing (IJRM), Editorial Board
  • Journal of Product Innovation Management (JPIM), Editorial Board

Curriculum vitae

Christoph Fuchs is Professor of Marketing at TUM School of Management and Visiting Professor at the Rotterdam School of Management, Erasmus University. His research interests include customer empowerment and integration, process and production innovation, and consumer response to novel marketing strategies and tactics. His research has appeared in premier marketing and management journals such as the Journal of Marketing and Management Science, and received prestigious awards including the Thomas P. Hustad Award for the best paper published in the Journal of Product Innovation Innovation Management in 2011. Professor Fuchs serves on the editorial review boards of the International Journal of Research in Marketing and the Journal of Product Innovation Management and regularly serves as reviewer for other leading journals (including the Journal of Marketing, the Journal of Marketing Research, and Journal of Consumer Research).

Prior to joining TUM School of Management, he was Associate Professor of Marketing (tenured) at the Rotterdam School of Management. Professor Fuchs also taught at Aarhus University and the University of Vienna, where he earned his PhD (with distinction). Professor Fuchs has collaborated with several large- and small-scale firms across a variety of industries.

Selected current research projects

The Power of Personal: Since the time of the industrial revolution, technology has improved the well-being of both producers and consumers. However, this has come at the cost of a distancing between consumers and producers (and between consumers and production in general). This research program investigates the effects of reducing this distance (e.g., by identifying producers to consumers and vice versa).

Key Publications

  • Nishikawa, H., Schreier, M., Fuchs, C., and Ogawa, S.: The value of marketing crowdsourced new products as such: Evidence from two randomized field experiments. Journal of Marketing Research Forthcoming, 2017
  • Schreier, M., Nishikawa, H., Fuchs, C., and Ogawa, S.: Crowdsourced Products Sell Better When They're Marketed That Way.. Harvard Business Review, 2016
  • Dahl, D.W., Fuchs, C., Schreier, M.: Why and When Consumers Prefer Products of User-Driven Firms: A Social Identification Account. Management Science 61 (8 1978-1988), 2015 [ Full text ( DOI ) ]
  • Fuchs, C., Scheier, M., van Osselaer, S. M. J.: The Handmade Effect: What's Love Got to Do with It?. Journal of Marketing 79 (2), 2015, 98-110
  • Diamantopoulos, A., Sarstedt, M., Fuchs, C., Wilczynski, P., & Kaiser, S.: Guidelines for choosing between multi-item and single-item scales for construct measurement: a predictive validity perspective. Journal of the Academy of Marketing Science 40 (3), 2012
  • Schreier, Martin, Christoph Fuchs, and Darren W. Dahl: The innovation effect of user design: Exploring consumers' innovation perceptions of firms selling products designed by users.. Journal of Marketing 76 (5), 2012
  • Fuchs, Christoph, and Martin Schreier: Customer empowerment in new product development. Journal of Product Innovation Management 28 (1), 2011
  • Fuchs, Christoph, Emanuela Prandelli, and Martin Schreier: The psychological effects of empowerment strategies on consumers' product demand. Journal of Marketing (1), 2010

Prof. Dr. Thomas Hutzschenreuter

Strategic and International Management

Contacts

Chair: International Management
Email: th.im@tum.de

Areas of interest

  • Development of competitive and corporate strategies
  • Development of governance structures for corporations, foundations, and universities
  • Offshoring, business process outsourcing as well as mergers & acquisitions
  • Transformation of established enterprises

Editorship (2013-2016)

  • Management and Organization Review, Senior Editor
  • BuR – Business Resarch, Department Editor
  • Global Strategy Journal, Editorial Board Member
  • Journal of International Management, Editorial Board Member
  • Journal of International Business Studies (JIBS), Editorial Board Member
  • Management International Review, Editorial Board Member
  • Multinational Business Review, Editorial Board Member

Curriculum vitae

Professor Hutzschenreuter holds the Chair of International Management at Technical University Munich (TUM). Before joining TUM, Professor Hutzschenreuter taught at Handelshochschule Leipzig, Boston University, and WHU – Otto Beisheim School of Management. He was a visiting professor at Duke University, Fuqua School of Business, Bucerius Law School, and Florida International University and has been invited for keynotes and guest speeches by multiple international universities and institutions. Professor Hutzschenreuter is board member of the Offshoring Research Network, a global research community. Professor Hutzschenreuter has extensive experience in designing strategies and governance structures. He worked for leading large and medium sized enterprises from different industries and conducted multiple research cooperation projects with renowned organizations.

Professor Hutzschenreuter published in leading international journals, such as Strategic Management Journal, Journal of International Business Studies, Journal of Management Studies, Journal of Management, Leadership Quarterly, and Strategic Organization.

His research received multiple national and international awards, such as the “Haynes Prize for the Most Promising Scholar in International Business“ by the Academy of International Business, the “Best Annual Paper Award” by the Journal of Management Studies, and the “Best Annual Paper Award” by the Verband der Hochschullehrer für Betriebswirtschaft. He received the “Best Teacher Award“ by the Bucerius Law School and WHU. The Handelsblatt research ranking repeatedly listed Professor Hutzschenreuter as one of the leading researchers in the field of strategic and international management.

Selected current research projects

Internationalization of New Product Areas

Growth versus Efficiency Increase

Study of the Offshoring of Support Functions

Internationalization on different geographic levels of analysis

Internationalization of Emerging Market MNEs

Management and IT in MNEs

Key Publications

  • Hutzschenreuter, Thomas: Allgemeine Betriebswirtschaftslehre. Springer Science + Business Media, 2015, 497 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Horstkotte, Julian: Performance Effects of Top Management Team Demographic Faultlines in the Process of Product Diversification. Strategic Management Journal 34 (6), 2013, 704-726 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Kleindienst, Ingo;Greger, Claas: How new Leaders Affect Strategic Change Following a Succession Event: A Critical Review of the Literature. The Leadership Quarterly 23 (5), 2012, 729-755 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Voll, Johannes C.;Verbeke, Alain: The Impact of Added Cultural Distance and Cultural Diversity on International Expansion Patterns: A Penrosean Perspective. Journal of Management Studies 48 (2), 2010, 305 - 239 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Gröne, Florian: Changing Vertical Integration Strategies under Pressure from Foreign Competition: The Case of US and German Multinationals. Journal of Management Studies 46 (2), 2009, 269-307 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Gröne, Florian: Product and Geographic Scope Changes of Multinational Enterprises in Response to International Competition. Journal of International Business Studies 40 (7), 2009, 1149-1170 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Voll, Johannes C.: Performance Effects of “Added Cultural Distance” in the Path of International Expansion: The Case of German Multinational Enterprises. Journal of International Business Studies 39 (1), 2008, 53-70 [ Full text ( DOI ) ]
  • Hutzschenreuter, Thomas;Pedersen, Torben;Volberda, Henk W.: The Role of Path Dependency and Managerial Intentionality: A Perspective on International Business Research. Journal of International Business Studies 38 (7), 2007, 1055-1068 [ Full text ( DOI ) ]
  • Hungenberg, Harald;Hutzschenreuter, Thomas: Postreform - Umgestaltung des Post- und Telekommunikationssektors in Deutschland. Die Betriebswirtschaft 58, 1998, 7-21

Prof. Dr. Hugo M. Kehr

Psychology

Contacts

Chair: Psychology
Email: office.psy@wi.tum.de

Areas of interest

  • Motivation and volition; basic and applied
  • Unconscious motivation
  • Intrinsic motivation and flow experience
  • Visions and goals
  • Leadership and selfmanagement

Editorship (2013-2016)

  • German Journal of Human Resource Management, Editorial Board
  • Zeitschrift für Arbeits- und Organisationspsychologie, Editorial Board

Curriculum vitae

Hugo Kehr holds a Diplom in Business Administration as well as a PhD and a Habilitation degree in Psychology from the Ludwig Maximilians University, Munich. He received a Heisenberg Fellowship and a Lynen Grant of the Alexander von Humboldt-Foundation. Before coming to Technische Universität München, he has been Full Professor of Organization Behavior at Macquarie Graduate School of Management, Sydney. Hugo Kehr has been a visiting scholar at Venice International University, University of California at Berkeley, University of New South Wales, Sydney, and the University of Hawaii at Manoa. He teaches Basic Psychology, Human Resources, and Leadership in the undergraduate program, and Organization Psychology as well as Leadership by Motivation in the graduate program. His current research, both basic and applied, is focused towards motivational phenomena, such as volitional depletion, intrinsic motivation and flow experience, the motivating potential of visions, and the impact of the sex motive in workplace settings. He serves in the editorial board of the German Journal of Human Ressource Management and the Zeitschrift für Arbeits- und Organisationspsychologie. Further, he edited a special issue of Motivation and Emotion on “Implicit motives: Measures, mechanisms, management“.

He is the organizer of the TUM Colloqium of Motivation Research and Practice as well as of the Munich Symposium on Motivation, a biannual international conference.

Hugo Kehr has published in international journals such as Academy of Management Review, Personality and Social Psychology Bulletin, Journal of Personality, Motivation and Emotion, and Personality and Individual Differences.

Selected current research projects

Visions: We explore the motivating power of corporate visions. The underlying idea is that visions, mental images of a desirable future, become effective by arousing employees’ unconscious motives.

Philosophy: In cooperation with the Munich University of Philosophy, we are about to develop a Philosophy of Motivation Psychology

Sex Motive: We are currently exploring the impact of the sex motive in work settings

Key Publications

  • Rawolle, M., Schultheiss, O. C., Strasser, A., & Kehr, H. M.: The Motivating Power of Visionary Images: Effects on Motivation, Affect, and Behavior. Journal of Personality, 2016 [ Full text ( DOI ) ]
  • Trapp, J. & Kehr, H. M.: How the influence of the implicit power motive on negotiation performance can be neutralized by a conflicting explicit affiliation motive.. Personality and Individual Differences 94, 2016, 159 - 162
  • Gröpel, P;Kehr, H. M.: Motivation and Self-Control: Implicit Motives Moderate the Exertion of Self-Control in Motive-Related Tasks. Journal of Personality 82 (4), 2014, 317–328
  • Schattke, K.;Koestner, R.;Kehr, H. M.: Childhood correlates of adult levels of incongruence between implicit and explicit motives. Motivation and Emotion.. Motivation & Emotion, 2010, 1 [ Full text ( DOI ) ]
  • Seeliger, J.;Schattke, K.;Kehr, H. M.: Do effective corporate visions enhance sustainable corporate performance?. , 2008
  • Kehr, H. M.: Implicit/explicit motive discrepancies and volitional depletion among managers. Personality and Social Psychology Bulletin 30, 2004, 315-327

Prof. Dr. Claudia Peus

Research and Science Management

Areas of interest

  • Leadership
  • Research and science management
  • (international) HR management
  • Digital Transformation

Awards

  • Best Teaching Award, TUM School of Management, 2014
  • Emerald Citations of Excellence Award: Winning Paper, 2016

Editorship (2013-2016)

  • Hochschulmanagement, Editorial Board
  • OrganisationsEntwicklung, Editorial Review Board

Curriculum vitae

Claudia Peus is Professor of Research and Science Management at Technical University of Munich and Vice Dean of Executive Education at TUM School of Management. She obtained her Ph.D. from Ludwig Maximilian University in Munich (LMU). Subsequently, she was a visiting Scholar at the Sloan School of Management (Massachusetts Institute of Technology) and a Postdoctoral Fellow at Harvard University. In her research Prof. Peus focuses on leadership, research and science management as well as (international) HR management. In approaching these topics she combines field studies with laboratory experiments and also conducts international comparative studies. Claudia’s research has been published in leading international journals (e.g., Journal of Organizational Behavior, The Leadership Quarterly, Journal of Business Ethics). In seeking to facilitate evidence-based management in organizations she transfers scientific knowledge into practice in her current role as Vice Dean of Executive Education as well as Director of the program “Effective Research Management“ she established at TUM.

Furthermore, she has been appointed as an expert advisor to several organizations, including the Roman-Herzog-Institut and Wertekommission.

Selected current research projects

AuBeFühr: Funded by the German Ministry of Education and Research we investigate how leaders in academia are selected and promoted.

Multiple Team Membership: In cooperation with colleagues from INSEAD and LMU and supported by an international professional service firm we investigate the impact multiple-team membership has on team members’ attitudes and team performance over time. Implications for leading project based organizations will be derived.

In Collaboration with BMW we investigate the success factors for successful knowledge sharing in research-intensive organizations.

As part of the Bavarian research network ForGenderCare we investigate the relation between leaders‘ care responsibilities at home and their leadership style and leader effectiveness.

Together with Fraunhofer we analyze success factors for advancing in research and sience organizations.

Key Publications

  • Pircher Verdorfer, A ; Schmid, E; Peus, C.: Schedding light on leaders' self-interest: Theory and measurement of exploitative leadership. Journal of Management, 2017
  • Peus, Claudia;Braun, Susanne;Knipfer, Kristin: On becoming a leader in Asia and America: Empirical evidence from women managers. The Leadership Quarterly 26 (1), 2015, 55-67 [ Full text ( DOI ) ]
  • Peus, C.;Braun, S.;Frey, D.: Situation-based measurement of the full range of leadership model - Development and validation of a situational judgement test. The Leadership Quarterly 24, 2013, 777-795
  • Braun, S.;Peus, C.;Weisweiler, S.;Frey, D.: Transformational leadership, job satisfaction, and team performance: A multilevel mediation model of trust. The Leadership Quarterly 24, 2013, 270-283
  • Peus, C.; Wesche, J.; Streicher, B.; Braun, S.; Frey, D.: Authentic leadership: An empirical test of its antecedents, consequences, and mediating mechanisms. Journal of Business Ethics 107, 2012, 331-348
  • Peus, C.: Money over man versus caring and compassion? Challenges for today's organizations and their leaders. Journal of Organizational Behavior 32, 2011, 955-960

Prof. Dr. Jutta Roosen

Marketing and Consumer Research

Areas of interest

  • Consumers’ perception of food products
  • Visual attention, eyetracking and consumer choice
  • Willingness-to-pay studies
  • Food marketing
  • Efficient consumer policy

Editorship (2013-2016)

  • Agricultural Economics, Editorial Board Member
  • Food Policy, Editorial Board Member

Curriculum vitae

Prof. Dr. Jutta Roosen studied Agricultural Economics at the University of Bonn and Washington State University (USA) and received her Ph. D. in Economics at Iowa State University (USA) in 1999. Before joining Technische Universität München she served as faculty member at the Université cath. de Louvain (Belgium) and at the University of Kiel.

In her research Professor Roosen focuses on questions of consumers’ perception, in particular regarding food products, and analyses consequences for food markets. Her research allows for conclusions regarding marketing and an efficient consumer policy.

Professor Roosen is member of the Consumer Commission of Bavaria.

Selected current research projects

EEBatt: EEBatt “Distributed stationary battery storage systems for the efficient use of renewable energies and support of grid stability” is a multidisciplinary project on stationary storage of electrical energy. The chair is engaged in the project by conducting customer analyses and studies on consumers’ willingness to participate in community energy.

ENABLE: Enable is an interdisciplinary cluster of several universities, research institutes and food companies that develops new strategies to promote healthier food choices in all stages of life. The chair is engaged in the project by assessing acceptance of new food products and using behavioural economics insights to improve food choices.

Key Publications

  • Aue, K.; Roosen, J.; Jensen, H.: Poverty dynamics in Germany: Evidence on the relationship between persistent poverty and health behavior. Social Sciences and Medicine 153, 2016, 62-70 [ Full text ( DOI ) ]
  • Kalkbrenner, B.; Roosen, J.: Citizens' willingness to participate in local renewable energy projects: The role of community and trust in Germany. Energy Research & Social Science Volume 13, 2016, 60-70 [ Full text ( DOI ) ]
  • Grebitus, C.; Roosen, J.; Seitz, C.: Visual Attention and Choice: A Behavioral Economics Perspective on Food Decisions. Journal of Agricultural & Food Industrial Organization 13 (1), 2015, 73-81 [ Full text ( DOI ) ]
  • Bieberstein, A.; Roosen, J.; Marette, S.; Blanchemanche, S.; Vandermoere, F.: Consumer choices for nano-food and nano-packaging in France and Germany. European Review of Agricultural Economics 40 (1), 2013, 73-94 [ Full text ( DOI ) ]
  • Truthmann, J.; Richter, A.; Thiele, S.; Drescher, L.; Roosen, J.; Mensink, G.: Associations of dietary indices with biomarkers of dietary exposure and cardiovascular status among adolescents in Germany. Nutrition & Metabolism 92 (9), 2012, 1-14 [ Full text ( DOI ) ]
  • Roosen, J.; Marette, S.: Making the ‘right’ choice based on experiments: regulatory decisions for food and health. European Review of Agricultural Economics 38 (3), 2011, 361- 381 [ Full text ( DOI ) ]
  • Vandermoere, F.; Blanchemanche, S.; Bieberstein, A.; Marette, S.; Roosen, J.: The public understanding of nanotechnology in the food domain: The hidden role of views on science, technology, and nature. Public Understanding of Science 20 (2), 2011, 195-206 [ Full text ( DOI ) ]
  • Marette, S.; Roosen, J.; Blanchemanche, S.; Feinblatt-Mélèze, E.: Functional Food, Uncertainty and Consumers’ Choices: A Lab Experiment with Enriched Yoghurts for Lowering Cholesterol. Food Policy 35 (5), 2010, 419-428 [ Full text ( DOI ) ]
  • Roosen, J.;Marette, S.; Blanchemanche, S.; Verger, P.: Does Health Risk Information Matter for Modifying Consumption? A Field Measuring the Impact of Risk Information on Fish Consumption. Review of Agricultural Economics 31 (1), 2009, 2-20
  • Goldberg, I.; Roosen, J.; Nayga, R.M.: Parental Response to Health Risk Information: A Lab Experiment on Evaluating Willingness-to-Pay for Safer Infant Milk Formula. Health Economics 18, 2009, 503-518 [ Full text ( DOI ) ]
  • Marette, S.; Roosen, J.; Blanchemanche, S.: Health Information and Substitution among Fish: Lessons from Laboratory and Field Experiments. Food Policy 33 (3), 2008, 197-208 [ Full text ( DOI ) ]
  • Jonas, A.; Roosen, J.: Demand for Milk Labels in Germany: Organic Milk Conventional Brands, and Retail Labels. Agribusiness – An International Journal 24 (2), 2008, 192-206 [ Full text ( DOI ) ]
  • Christoph, I.B.; Bruhn, M.; Roosen, J.: Knowledge, attitudes towards and acceptability of genetically modified products in Germany. Appetite 51, 2008, 58-68 [ Full text ( DOI ) ]

Prof. Dr. Christoph Ungemach

Marketing

Prof. Dr. Isabell M. Welpe

Strategy and Organization

Areas of interest

  • Strategy
  • Leadership
  • Innovation
  • Digitalization of business and society

Awards

  • “Best Lecturer of the Year” of the EMBA of the TUM, 2014
  • “Best Empirical Paper” Award for Kilian Moser, Andranik Tumasjan und Isabell Welpe, Academy of Management Conference, 2015
  • ”Managementbook of the year“ for the edited volume ”The democratic organization“ by Isabell M. Welpe, Thomas Sattelberger and Andreas Boes, Frankfurter Buchmesse, 2015

Curriculum vitae

Prof. Dr. Isabell M. Welpe holds the Chair for Strategy and Organization at Technical University of Munich, Germany. In addition, she is director of the Bavarian State Institute for Higher Education Research and Planning. Her research interests are in the domains of strategy, leadership, innovation and the digitalization of business and society.

In her current projects, Prof. Dr. Isabell M. Welpe focuses on the digital transformation of companies and the working world as well as the future of leadership and work / organizational design against this background. Amongst others, she has published studies on the projects “The Future of Work and Life Design“, “Social Media as Information Markets“ and on the changes of business models in (media) organizations due to digitalization. Prof. Welpe is board member of the Center for Digital Technology & Management (CDTM), member of the “Münchner Kreis“ and several advisory boards. She has repeatedly spoken at the Digital Life Design (DLD) conference and has been listed among the Top 40 under 40 of the “digital elite“ by the magazine Capital.

Isabell M. Welpe studied management at the Ludwig-Maximilians-Universität in Munich, Germany and at the Massachusetts Institute of Technology, Boston, USA. She completed an additional MSc at the London School of Economics before finishing her PhD at the University of Regensburg. She has been a visiting professor at the Keck Graduate Institute, Claremont, USA and a postdoctoral fellow at the Carlson School of Management at the University of Minnesota. Before taking over the Chair for Strategy and Organization at the Technische Universität München, she worked at the Max Planck Institute for Economics.

Selected current research projects

“Digital Work Design – Turning Risks into Chances”: The goal of the project is to assess how digitalization influences work design. Moreover, chances and risks of these changes shall be assessed and factors on the leadership and organizational level that help to turn these risks into chances shall be identified.

“The Many Faces of Academic Success”: The goal of the project is to identify qualitative and quantitative indicators for measuring research and teaching performance. Moreover, consequences of target agreements shall be assessed.

Key Publications

  • Brosi, P.;Spörrle, M.; Welpe, I. M.; Heilman, M. E.: Expressing pride: Effects on perceived agency, communality and stereotype-based gender disparities. Journal of Applied Psychology, 2016, 1319-1328
  • Ringelhan, S.; Wollersheim, J.; Welpe, I. M.: I like, I cite? Do Facebook likes predict the impact of scientific work?. PLOS ONE 10 (8), 2015
  • Drescher, Marcus A.;Korsgaard, M. Audrey;Welpe, Isabell M.;Picot, Arnold;Wigand, Rolf T.: The dynamics of shared leadership: Building trust and enhancing performance.. Journal of Applied Psychology 99 (5), 2014, 771-783 [ Full text ( DOI ) ]
  • Welpe, Isabell M.;Spörrle, Matthias;Grichnik, Dietmar;Michl, Theresa;Audretsch, David B.: Emotions and Opportunities: The Interplay of Opportunity Evaluation, Fear, Joy, and Anger as Antecedent of Entrepreneurial Exploitation. Entrepreneurship Theory and Practice 36 (1), 2012, 69-96 [ Full text ( DOI ) ]
  • Fiedler, M., & Welpe, I. M.: How do organizations remember? The influence of organizational structure on organizational memory. Organization Studies 31 (4), 2010, 381-407
  • Grichnik, D., Smeja, A., & Welpe, I. M.: The importance of being emotional: How do emotions affect entrepreneurial opportunity evaluation and exploitation?. Journal of Economic Behavior and Organization 76 (1), 2010, 15-29
  • Lechner, C., Dowling, M., & Welpe, I. M.: Firm networks and firm development: The role of the relational mix. Journal of Business Venturing 21 (4), 2006, 514-540

Affiliate Members

Prof. Dr. Susanne Ihsen

Gender Studies in Engineering

Prof. Dr. Christoph Lütge

Business Ethics (Chair endowed by Peter Löscher)

Prof. Dr. Jörg Königstorfer

Sport and Health Management

Research Centers

Visitors

• Sabbatical
• November 2015 to December 2015
• From University of Edinburgh, Business School

• Gender stereotypes and leadership
• Research stay
• November 28 to December 05 2015
• November 01 to November 08 2014
• November 25 to December 03 2012
• From New York University, USA

• Relational models
• Research stay
• June 17 to June 21 2013
• From University of California, Los Angeles, USA

• Financial rewards, effects of pride in organizations
• Research stay
• April 27 to April 29 2015
• October 28 to October 30 2012
• From Hong Kong Polytechnic University, Hong Kong

• Sabbatical
• May 2015 to August 2015
• From California Polytechnic State University

Who we are

The Academic Department of Operations & Supply Chain Management focuses on analysis, modelling, and optimization of decision problems related to the design and operation of manufacturing and service systems, such as logistics and supply chains. Research by the department emphasizes decision support for real-world problems through the development and application of novel operations research and management science techniques.

Professors

Prof. Dr. Martin Grunow

Production and Supply Chain Management

Areas of interest

  • Supply chain management
  • Integration of product and process design with supply network design
  • Sales and operations planning and advanced planning systems (APS)
  • Production planning and scheduling
  • New product introduction and ramp up

Editorship (2013-2016)

  • OR Spectrum, Editor
  • Flexible Services and Manufacturing Journal, Area Editor
  • Business Research, Editorial Board Operations and Information Systems
  • Produktion und Logistik, book series, Gabler Verlag, Editor

Curriculum vitae

Martin Grunow is the head of the Operations and Supply Chain Management Department at TUM School of Management. He is a professor of production and supply chain management at Technische Universität München and an adjunct professor at Technical University Denmark, where he previously held a professorship in Operations Management. Before, he worked at Technical University Berlin and in the R&D department of Degussa, a multinational producing special chemicals. His research interests are in production and logistics management with a focus on the process, electronics and automotive industries.

He has coauthored papers in European Journal of Operational Research, CIRP Annals, Computers & Chemical Engineering, Flexible Services and Manufacturing Journal, International Journal of Production Economics, International Journal of Production Research, and OR Spectrum. For FSMJ and OR Spectrum, he also acts as an editor. For 5 years, Martin Grunow has been on the program committee of the Strategic Research Council Denmark and the Innovation Fund Denmark. He has been on the program committee of more than 30 international conferences and has organized multiple special tracks. He is an associate member of The International Academy of Production Engineering.

Selected current research projects

Concentrates vs. Powders: We quantify the economic and ecological advantages of sub- stituting powders by concentres in cooperation with TUM’s Department of Food Process Engineering and Dairy Technology and two SMEs. While energy for drying is saved at the processing stage, the environmental impact is increased at distribution stage through larger shipment volumes and increased product perishability. For different transportation distan- ces, we identify the optimal dairy products and processing technology.

Modular Helicopters: The product structure to a large extend determines the supply chain structure. We develop a design methodology integrating the product domain and the supply chain domain. In particular, we investigate the implications of modular design on multiple sourcing and on IPR in global production networks.

Key Publications

  • Stefansdottir, Bryndis;Grunow, Martin;Akkerman, Renzo: Classifying and modeling setups and cleanings in lot sizing and scheduling. European Journal of Operational Research, 2017 [ Full text ( DOI ) ]
  • Grunow, M.; Piramuthu, S.: RFID in highly perishable food supply networks – remaining shelf life to supplant expiry date?. International Journal of Production Economics 146 (2), 2013, 717-727
  • Rong, A.; Akkerman, R.; Grunow, M.: An optimization approach for managing fresh food quality throughout the supply chain. International Journal of Production Economics 131 (1), 2011, 421-429 [ Full text ( DOI ) ]
  • Rong, A.; Akkerman, R.; Grunow, M.: An optimization approach for managing fresh food quality throughout the supply chain. International Journal of Production Economics 131 (1), 2011, 421-429
  • Akkerman, R.; Farahani, P.; Grunow, M.: Quality, safety and sustainability in food distribution: A review of quantitative operations management research. OR Spectrum 32 (4), 2010, 863-904 [ Full text ( DOI ) ]
  • Akkerman, R.; Farahani, P.; Grunow, M.: Quality, safety and sustainability in food distribution: A review of quantitative operations management approaches and challenges. OR Spectrum 32 (4), 2010, 863-904 [ Full text ( DOI ) ] [ Full text (mediaTUM) ]
  • Grunow, M.; Günther, H.O., Yang, G.: Plant co-ordination in pharmaceutics supply networks. OR Spectrum 25 (1), 2003, 109-142 [ Full text ( DOI ) ]
  • Grunow, M.; Günther, H.O., Lehmann, M.: Campaign planning for multi-stage batch processes in the chemical industry. OR Spectrum 24 (3), 2002, 281-314 [ Full text ( DOI ) ]

Prof. Dr. Rainer Kolisch

Operations Management

Areas of interest

  • Project Management and Scheduling
  • Service Operations
  • Airport Operations
  • Health Care Operations

Awards

  • Semi-Finalist for the INFORMS
    Franz Edelman Award, 2016 (Ferdinand Kiermaier and Rainer Kolisch: “Decision Support for Baggage Handling at Munich Airport”)

Editorship (2013-2016)

  • OR Spectrum, Editor-in-Chief (since 2014)
  • European Journal of Decision Processes, Associate Editor
  • Operations Research for Health Care, Editorial Board Member
  • Review of Managerial Science, Editorial Board Member
  • Decision Making in Manufacturing and Services, Editorial Board Member
  • OR Spectrum, Member of the Editorial Board (until 2013)
  • Omega – The Journal of Management Science, Associate Editor (until 2013)
  • Journal of Scheduling, Associate Editor (until 2013)
  • Flexible Services and Manufacturing Journal, Member of the Editorial Board (until 2013)

Curriculum vitae

Rainer Kolisch has been a Full Professor for Operations Management at TUM School of Management since 2002. He studied Industrial Engineering, majoring in Production Management at Technical University of Darmstadt and obtained his doctoral degree and his habilitation from Christian-Albrechts-Universität zu Kiel. Before joining TUM, Rainer Kolisch held faculty positions at Technical University of Darmstadt and Technical University of Dresden. From 2015 to 2016 he has been visiting professor at the Department of System and Industrial Engineering of North Carolina State University.

His primary research interests are project management and scheduling as well as service operations, particularly in airports and health care. Recent projects include baggage flow planning at airports and patient flow planning at hospitals.

Rainer Kolisch has published in leading international journals such as Management Science, Journal of Operations Management, Production and Operations Management, Transportation Science, IIE Transactions, Naval Research Logistics and European Journal of Operational Research. He has served as associate editor of, amongst others, Omega and Journal of Scheduling and is currently editor-in-chief of OR Spectrum and member of the editorial board of European Journal of Decision Processes and Operations Research for Health Care.

Selected current research projects

Baggage Flow at Hub Airports: In cooperation with Munich Airport models, methods and systems are developed in order to plan the baggage flow at Terminal 2 at Munich Airport.

Patient Flow in Hospitals: In cooperation with a 400-bed municipal hospital models and methods for planning the flow of elective patients within the hospital have been developed.

Key Publications

  • Naber, A.; Kolisch, R.: MIP models for resource-constrained project scheduling with flexible resource profiles. European Journal of Operational Research 239 (2), 2014, 335-348
  • Gartner, D.; Kolisch, R.: Scheduling the hospital-wide flow of elective patients. European Journal of Operational Research 233 (3), 2014, 689-699
  • Tritschler, M.; Naber, A.; Kolisch, R.: A Hybrid Metaheuristic for the Resource-Constrained Project Scheduling Problem with Flexible Resource Profiles. , 2014
  • Tritschler, M.; Naber, A.; Kolisch, R.: A Hybrid Metaheuristic for the Resource-Constrained Project Scheduling Problem with Flexible Resource Profiles. , 2014
  • Tritschler, M.; Naber, A.; Kolisch, R.: Metaheuristics for the Resource-Constrained Project Scheduling Problem with Flexible Resource Profiles. , 2014
  • Tritschler, M.; Naber, A.; Kolisch, R.: A Genetic Algorithm for the Resource-Constrained Project Scheduling Problem with Flexible Resource Profiles. , 2014, pp. 230-233
  • Schütz, H.-J.; Kolisch, R.: Approximate dynamic programming for capacity allocation in the service industry. European Journal of Operational Research 218 (1), 2012, 239-250 [ Full text ( DOI ) ]
  • Fliedner, T.;Kolisch, R.: Experimental Investigation of Scheduling Approaches for the Stochastic Resource-Constrained Multi-Project Scheduling Problem. , 2011
  • Brunner, J. O.; Bard, J. F. ; Kolisch, R.: Midterm scheduling of physicians with flexible shifts using branch-and-price. IIE Transactions 43 (2), 2011, 84-109
  • Heimerl, Christian;Kolisch, Rainer: Scheduling and staffing multiple projects with a multi-skilled workforce. OR Spectrum 32 (2), 2010, 343-368 [ Full text ( DOI ) ]
  • Kolisch, Rainer;Sickinger, Sabine: Providing radiology health care services to stochastic demand of different customer classes. OR Spectrum 30 (2), 2008, 375-395 [ Full text ( DOI ) ]
  • Kolisch, Rainer;Hartmann, Sönke: Experimental investigation of heuristics for resource-constrained project scheduling: An update. European Journal of Operational Research 174 (1), 2006, 23-37 [ Full text ( DOI ) ]
  • Kolisch, R.;Sprecher, A.: PSPLIB - A project scheduling problem library: OR Software - ORSEP Operations Research Software Exchange Program. European Journal of Operational Research 96 (1), 1997, 205-216 [ Full text ( DOI ) ]
  • Kolisch, Rainer: Serial and parallel resource-constrained project scheduling methods revisited: Theory and computation. European Journal of Operational Research 90 (2), 1996, 320-333 [ Full text ( DOI ) ]
  • Kolisch, R.;Sprecher, A.;Drexl, A.: Characterization and generation of a general class of resource-constrained project scheduling problems. Management Science 41 (10), 1995, 1693-1703 [ Full text ( DOI ) ]
  • Sprecher, Arno;Kolisch, Rainer;Drexl, Andreas: Semi-active, active, and non-delay schedules for the resource-constrained project scheduling problem. European Journal of Operational Research 80 (1), 1995, 94-102 [ Full text ( DOI ) ]

Prof. Dr. Stefan Minner

Logistics and Supply Chain Management

Areas of interest

  • Inventory management
  • Global supply chain design
  • Transportation optimization
  • Supply chain coordination
  • Operations research and business analytics

Awards

  • Certificate of Excellence in Reviewing, Omega, 2014
  • Certificate of Excellence in Reviewing, European Journal of Operational Research, 2014

Editorship (2013-2016)

  • Business Research, Editor-in-Chief (since 2014)
  • Business Research, Department Editor Operations and Information Systems (since 2014)
  • Logistics Research, Editor-in-Chief
  • OR Spectrum, Editor-in-Chief (until 2013)
  • European Journal of Operational Research, Editorial Board Member
  • International Journal of Production Economics, Editorial Board Member
  • Review of Managerial Science, Editorial Board Member

Curriculum vitae

Stefan Minner has been a Full Professor for Logistics and Supply Chain Management at TUM School of Management, Technical University of Munich since 2012. He studied Business Administration, majoring in Operations Research at the University of Bielefeld and obtained his doctoral degree and habilitation from the Otto-von-Guericke-University of Magdeburg. From 2000-2001, he was a postdoctoral researcher at the University of Calgary. Before joining TUM, he held faculty positions at the Universities of Paderborn, Mannheim, and Vienna.

His primary research interests are logistics network design, transportation optimization, and inventory management. Recent projects include logistics for the automotive industry, retail operations, as well as last-mile city logistics and urban mobility. He was the president of the International Society for Inventory Research (ISIR). Further, he is a member of the advisory board of the German Logistics association (BVL) and a member the Research Committee of the European Logistics Association (ELA).

Stefan Minner has published in leading international journals such as Operations Research, Manufacturing & Service Operations Management, Production and Operations Management, European Journal of Operational Research, Transportation Research-B, OR Spectrum, and IIE Transactions. He received the Service Award of the International Society for Inventory Research (ISIR), the scientific award for applied research of the German Operations Research Society (GOR), and the dissertation award of the Faculty of Economics and Management, Otto-von-Guericke-University of Magdeburg. Several of his former doctoral students hold faculty positions at national and international universities.

Selected current research projects

Faurecia: In cooperation with Ecole Centrale Paris and sponsored by Faurecia, a leading first tier automotive supplier, we investigate the impact of product variety on automotive supply chains and manufacturing processes. Strategies and optimization tools for mitigating the negative cost impact of variety are developed.

COSIMA: In cooperation with the University of Vienna and sponsored by DFG, we develop innovative solution methods for consistent vehicle routing and stochastic inventory management. Applications range from urban retail distribution to vendor managed inventories in B2B supply chains.

Key Publications

  • Karaenke, Paul, Bichler, Martin, Minner, Stefan: Retail Warehouose Loading Dock Coordination by Core-Selecting Package Auctions. , 2015
  • Altendorfer, K.;Minner, S.: Influence of Order Acceptance Policies on Optimal Capacity Investment with Stochastic Customer Required Lead Times. European Journal of Operational Research 243 (2), 2015, 555-565
  • Kouki, C., Jemai, Z., Minner, S.: A Lost Sales (r,Q) Inventory Control Model for Perishables with Fixed Lifetime and Lead Time. International Journal of Production Economics (168), 2015, 143-157
  • Araneda-Fuentes, C.; Lustosa, L.; Minner, S.: A Contract for Coordinating Capacity Decisions in a Business-to-Business (B2B) Supply Chain. International Journal of Production Economics 165, 2015, 158-171
  • Budde, M.; Minner, S.: Optimal Capacity Provision for Service Providers with Subsequent Auctioning of Projects. International Journal of Production Economics 237 (1), 2015, 370-382
  • Mariel, K.; Minner, S.: Strategic Capacity Planning in Automotive Production Networks under Duties and Duty Drawbacks. International Journal of Production Economics 170, 2015, 687-700
  • Lemke, J.;Bichler, M.;Minner, S.: Fighting Waiting Times at the Retail Warehouse: How Information Aids Coordination. , 2014
  • Klosterhalfen, S.;Minner, S.;Willems, S.: Strategic Safety Stock Placement in Assembly Inventory Systems with Dual Sourcing. Manufactoring and Service Operations Management 16 (2), 2014, 204-219
  • Kremer, M.;Minner, S.;van Wassenhove, L.: On the Preference to Avoid Ex-Post Inventory Errors. Production and Operations Management 23 (5), 2014, 773-787
  • Löhndorf, N.;Wozabal, D.;Minner, S.: Optimizing Trading Decisions for Hydro Storage Systems using Approximate Dual Dynamic Programming. Operations Research 61 (4), 2013, 810-823
  • Minner, S.;Silver, E. A.: Multi-product Batch Replenishment Strategies Under Stochastic Demand and a Joint Capacity Constraint. IIE Transactions on Scheduling and Logistics 37 (5), 2005, 469-479
  • Inderfurth, K.;Minner, S.: Safety Stocks in Multi-stage Inventory Systems Under Different Service Measures. European Journal of Operational Research 106 (1), 1998, 57-73

Prof. Dr. Andreas S. Schulz

Operations Research

Contacts

Chair: Operations Research
Email: or@tum.de

Areas of interest

  • Health Care
  • Humanitarian Operations
  • Network Design and Analysis
  • Project Planning and Scheduling
  • Systems Optimization

Awards

  • Alexander von Humboldt Professorship, Alexander von Humboldt Foundation, 2014

Curriculum vitae

Andreas S. Schulz joined TUM in the summer of 2015 to lead the creation of a new interdisciplinary research center between the Department of Mathematics and the School of Management. He has a joint appointment in both departments and is holder of the Chair for Operations Research. He has been a member of the faculty of the Massachusetts Institute of Technology (MIT) since 1998, most recently as the Patrick J. McGovern Chair of Management and Professor of Mathematics of Operations Research. Earlier he was Head of the Operations Research & Statistics Group at MIT’s Sloan School. Prof. Schulz has held visiting research professorships at the Institute of Theoretical Computer Science of ETH Zurich, in the Department of Quantitative Economics at Maastricht University, in the Department of Mathematics of TU Munich, at the Mathematics Department of TU Berlin, and at the Sauder School of Business at the University of British Columbia. He obtained his Ph.D. in Mathematics from the Technische Universität Berlin in 1996. In 2014, the Alexander von Humboldt Foundation bestowed the Alexander von Humboldt Professorship upon him. Previously, he had already received the Humboldt Research Award in recognition of his lifetime achievements. In the year 2000, the German Academy of Sciences Leopoldina and the Berlin-Brandenburg Academy of Sciences and Humanities had named him one of 20 founding members of “Die Junge Akademie.” Other honors include the Best Paper Award of the Transportation Science & Logistics Society of INFORMS, the Glover-Klingman Prize, the Carl-Ramsauer-Prize, and awards for excellence in teaching. Prof. Schulz has been on the editorial boards of several scientific journals, including ACM Transactions on Algorithms, Discrete Optimization, INFORMS Journal on Computing, Journal of Scheduling, and Operations Research.

Selected current research projects

In an attempt to provide answers to a number of longstanding open questions in inventory theory, Prof. Schulz and his group are using new complexity-theoretic insights to link optimization problems such as finding optimal ordering points with the vulnerability of public-key cryptosystems. In essence, they show that the security of public-key cryptography hinges on the elusiveness of efficient methods for solving various problems in inventory management optimally.

In collaboration with various health-care providers the group of Prof. Schulz is designing new appointment-scheduling systems for medical facilities with the goal to achieve better tradeoffs between the utilization of expensive personnel and medical equipment and the quality of service experienced by their patients. They are primarily interested in mathematical models that lend themselves to solutions that are near optimal, yet easy to use in practice.

Key Publications

Prof. Dr. Dr. h.c. mult. Horst Wildemann

Corporate Management, Logistics and Production

Areas of interest

  • Corporate Management
  • Logistics
  • Production

Curriculum vitae

Horst Wildemann studied mechanical engineering (Master of engineering) and business administration (Master of commerce) in Aachen and Cologne. In 1974, after several years of working as an engineer in the automobile industry, he graduated as a PhD (Dr. rer. pol.) in economics. Then he attended the International Management Institute in Brussels and gained experience at several American Universities. In 1980 he qualified as a university lecturer (Dr. habil.) at the university in Cologne. Since 1980 he has been lecturing as a full professor for business administration in the universities of Bayreuth, Passau and since 1989 at the Technical Uni- versity of Munich. He has been asked for a professorship at the universities of Stuttgart Hohenheim, Dortmund, the Free and the Technical University of Berlin, University of Southern California, Los Angeles, University of Indianapolis, Indianapolis, and also the University of St. Gallen. In addition to teaching Prof. Wildemann is the executive of a consulting company for corporate planning and logistics with over 60 employees. His practical experience supported the writing of 40 books and more than 700 essays in which he shows new ways for the profitable creation of a successful company. Prof. Wildemann is acting as consultant, member of the board of directors and advisory board member for leading industrial enterprises. He was awarded the “Staatsmedaille” of the Bavarian State and the federal Cross of Merit, first class, of the Federal Republic of Germany, doctor honoris causa of the uni- versity of Klagenfurt, Passau and Cottbus. Admission into Logistic Hall of Fame for Logistic in 2004. Bayerischer Verdienstorden 2006. Badge of honour Bundesververeinigung Logistik 2008.

Selected current research projects

Modeling of a demand and gap analysis process to increase the productivity in SMEs with “Industrie 4.0“: Small companies require support with the selection and implementa- tion of Industry 4.0 solutions. Therefor we develop an IT-tool to identify productivity gaps. A model classifies SMEs regarding to relevant KPIs, characteristics and on the actual degree of implementation of Industry 4.0 solutions and technologies and delivers individual hints for improvement.

Gamification for manufacturing and assembly: Manufacturing and assembly workspaces are characterized by monotonous activities and demotivating environments for employees. The research project investigates opportunities to solve this problem by implementing gami- fication contents into this setting. Goal of the project is to rise the workers’ motivation and attention in order to increase the productivity and product quality as well as the employee satisfaction.

Key Publications

  • Wildemann, Horst: Deutschlands digitale Chance. Die Zeit, 2016, S. 25
  • Wildemann, Horst: Schlank und schlau - Industrie 4.0 verändert die Welt. F.A.S. (Nr. 53), 2016, S. 20
  • Wildemann, Horst: Lean & green & connected - Erfolgsmuster einer vernetzten Wertschöpfung. TCW, 2016
  • Wildemann, Horst; Stepken, Axel: Service-Modularisierung bei Dienstleistungsunternehmen. ERP Management, 2015, S. 59–61
  • Wildemann, Horst: Stressresistenz zukunftsfähiger Strategien. TCW, 2015
  • Wildemann, Horst: Die Wertschöpfung steigern. infpro, 2015, S. 11
  • Wildemann, Horst: Erfolg der Vergangenheit bietet keinen Schutz für die Zukunft. Profil - das bayerische Genossenschaftsblatt, 2015, S. 12+13
  • Wildemann, Horst; Grundke, Manfred: Fließfertigung im modularen Hausbau. productivity, 2015, S. 19-21
  • Wildemann, Horst; Grundke, Manfred: Fließfertigung im modularen Hausbau. VDI forum Ingenieur, 2015, S. 58-60
  • Wildemann, Horst: Modularisierung in Organisation, Produkten, Produktion und Service. TCW, 2014

Affiliate Members

Prof. Dr. Klaus Bengler

Ergonomics

Prof. Dr. Martin Bichler

Decision Sciences & Systems

Prof. Dr. Helmut Krcmar

Computer science in economics

Research Centers

Visitors

• Sustainability in dairy supply chains
• 1/2 year, 2014-2015
• From Wageningen University, The Netherlands

• Supply chain design with product quality considerations
• Visiting PhD student
• February 1, 2014 to April 30, 2014
• From Wageningen University, The Netherlands

• Operations Management
• Sabbatical
• September 1, 2014 to August 31, 2015
• From Kinki University, Hiroshima, Japan

• Operations Management
• Visiting Professor
• May 14 – August 9, 2015
• From University of Dayton, USA

• Supply Chain Design
• Visiting Ph.D. student
• July 1, 2015 to June 30, 2016
• From Nanjing University, China

• Quality Management
• DAAD visiting scholar
• April 1, 2015 to August 31, 2015
• From IIT Bombay, India

Who we are

The Academic Department of Finance & Accounting combines the traditional fields of corporate finance, management accounting and financial accounting. We conduct empirical, theoretical as well as experimental research in this field. Moreover, several industry cooperation projects are run in the department, and the Center for Entrepreneurial and Financial Studies (CEFS) was set up within the department. It focuses on entrepreneurial finance, i.e. topics such as venture capital, private equity, family businesses and small and medium-sized enterprises’ finance. In addition, the Center for Energy Markets (CEM) was founded recently. This research center is focused on the economic and financial analysis of the wider area of energy markets.

Professors

Prof. Dr. Dr. Ann-Kristin Achleitner

Entrepreneurial Finance

Areas of interest

  • Private equity
  • Venture capital
  • Family firms

Awards

  • Officer’s Cross of the Order of Merit of the Federal Republic of Germany, 2014
  • Appointment as a member of acatech (National Academy of Science and Engineering), 2014
  • EFM 2013 Top Download Award, awarded by the European Financial Management, 2014
  • Highly Commended paper in the 2015 Emerald Literati Network Awards for Excellence, 2015

Curriculum vitae

Ann-Kristin Achleitner is Professor of Entrepreneurial Finance at TUM School of Management, Technical University of Munich (TUM) in Germany.

She has held the Chair of Entrepreneurial Finance since 2001 and has been Scientific Co-Director at the Center for Entrepreneurial and Financial Studies (CEFS) at Technical University of Munich (TUM) since 2003. From 1995 to 2001, she was Professor of Banking and Finance at the European Business School (ebs), Oestrich Winkel, and also worked as a consultant for McKinsey & Company, Inc. and MS Management Service AG, St. Gallen. She earned her degrees and her Ph.D. in both law and business administration from the University of St. Gallen (HSG) in Switzerland.

Professor Achleitner conducts research in the area of entrepreneurial finance with a focus on the financing of innovation, venture capital, private equity, and family businesses.

She is a member of the supervisory boards of LDeutsche Börse AG, Linde AG and Muenchener Rueckversicherungs- Gesellschaft AG and serves on the board of directors of ENGIE SA. She also belongs to the Government Commission Regierungskommission Deutscher Corporate Governance Kodex (German Corporate Governance Code) and the Economic Advisory Council of the French Embassy in Berlin.

She also belongs to the Economic Advisory Council of the French Embassy in Berlin and was a member of the Government Commission Regierungskommission Deutscher Corporate Governance Codex (German Corporate Governance Code). Furthermore, she was part of the Expert Commission “Research and Innovation” (EFI) where served as Vice-Chairwoman from 2009-2011.

Prof. Achleitner earned several awards for both research and teaching, including the Officer’s Cross of the Order of Merit of the Federal Republic of Germany in 2014. She was also appointed as a member of acatech (National Academy of Science and Engineering).

Selected current research projects

International evidence on value creation in private equity transactions (with Benjamin Puche and Reiner Braun): The paper analyzes value creation drivers in private equity transactions across regions, industries, deal sizes and time. Key results are decreasing value creation over time and a sharp drop in value creation with increasing transaction size, in terms of enterprise value.

Foundation-owned firms – A qualitative empirical study (with Jörn Block and Florian Khajeh Hosseini, Scientific Co-Director)

Key Publications

  • Achleitner, A.K.; Günther, N.; Kaserer, C.; Siciliano, G.: Real earnings management and accrual-based earnings management in family firms. European Accounting Review (ahead-of-print), 2014, 1-31
  • Schmid, T.; Achleitner, A. K.; Ampenberger, M.; Kaserer, C.: Family firms and R&D behavior–New evidence from a large-scale survey. Research Policy 43 (1), 2014, 233-244
  • Achleitner, A.K.; Lutz, E.; Mayer, J.; Spiess-Knafl, W.: Disentangling gut feeling: Assessing the integrity of social entrepreneurs. Voluntas: International Journal of Voluntary and Nonprofit Organizations 24 (1), 2013, 93-124
  • Achleitner, A. K.;Figge, C.;Lutz, E.: Drivers of Value Creation in a Secondary Buyout: The Acquisition of Brenntag by BC Partners. Available at SSRN 2071247, 2012
  • Achleitner, A.K.; Braun, R.; Hinterramskogler, B.; Tappeiner, F.: Structure and Determinants of Financial Covenants in Leveraged Buyouts - Evidence from an Economy with Strong Creditor Rights. Review of Finance, 2011

Prof. Dr. Reiner Braun

Entrepreneurial Finance

Areas of interest

  • Private equity
  • Venture capital
  • Behavioral entrepreneurial finance
  • Innovation funding
  • Start-up financing

Curriculum vitae

Reiner Braun is Professor of Entrepreneurial Finance at TUM School of Management, Technische Universität München (TUM) in Germany.

He has held the Chair of Entrepreneurial Finance since 2015 and has been Scientific Director at the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München (TUM) since 2015. He is Academic Program Director of the International Master in Industrial Management at TUM School of Management (TUM). From 2013 to 2015 he was Professor of Entrepreneurial Finance at Friedrich-Alexander University Erlangen-Nürnberg (FAU).

Professor Braun conducts research in the area of entrepreneurial finance with a focus on private equity, venture capital and behavioral entrepreneurial finance.

He is a member of the Committee “Attractiveness of IPO candidates and their IPO maturity“ of the task force “More IPOs of high- growth companies in Germany“ organized by the Federal Ministry of Economics and Technology (BMWi). He is Founding Partner at Captona Beteiligungsgesellschaft.

He is active in the TU München Alumni Business Angel Network and was a member of the Advisory Board at Wirtschaftswoche Best of Consulting.

Selected current research projects

The Levered Returns of Leveraged Buyouts: The Impact of Competition (with Nicholas G. Crain and Anna Gerl): In this study, we investigate how credit cycles and competition for buyout targets between private equity funds drive the relationship between deal leverage, pricing, and performance. In a further step, we evaluate the effects of debt on the investment behavior of general partners in the private equity industry.

Peaches or dogs? The performance of private equity coinvestments (with Tim Jen- kinson and Christoph Schemmerl): Co-Investments are becoming a significant part of the Private Equity investment landscape. This research project aims at examining whether risk- return profiles of co-investments differ from traditional Private Equity fund investments. Fur- thermore, potential return driver such as investment expertise and network relationships are analyzed from various perspectives.

Key Publications

  • Braun, R.; Jenkinson, T.; Stoff, I.: How persistent is private equity performance? Evidence from deal-level data. Journal of Financial Economics 123 (2), 2017, 273-291
  • Braun, R.; Crain, N.; Gerl, A.: . , 2015
  • Achleitner, A-K.; Braun, R.; Lutz, E.; Reiner, U.: Industry Relatedness in Trade Sales and Venture Capital Investment Returns. Small Business Economics 43 (3), 2014, 621-637
  • Achleitner, A-K.; Braun, R.; Hinterramskogler, B.; Tappeiner, F.: Structure and Determinants of Financial Covenants in Leveraged Buyouts. Review of Finance 16 (3), 2012, 647-684
  • Braun, R.; Tumasjan, A.: In the Eye of the Beholder: How Regulatory Focus and Self-Efficacy Interact in Influencing Opportunity Recognition. Journal of Business Venturing 27 (6), 2012, 622-636

Prof. Dr. Jürgen Ernstberger

Financial Accounting

Areas of interest

  • Real effects of disclosures/disclosure regulation
  • Auditing and external assurance
  • Real effects of financial reporting on business decisions
  • Enforcement of accounting standards
  • Corporate governance
  • Corporate Social Responsibility (CSR)

Awards

  • Best Reviewer Award, Annual Conference of the German Academic Association for Business Research, Vienna, 2015
  • Best Paper Award, International Accounting Section Midyear Conference, Tampa, 2011
  • Best Conference Paper Award at the 72nd Pfingsttagung of the German Association of Professors of Business Administration, 2010
  • Best Paper Award of the Annual Congress of the European Accounting Association, 2008

Editorship (2013-2016)

  • Advances in Accounting, Editorial Board Member
  • International Journal of Accounting, Auditing, and Performance Evaluation, Editorial Board Member
  • The International Journal of Accounting, Editorial Board Member

Curriculum vitae

Professor Dr. Jürgen Ernstberger studied Business Administration at the University of Regensburg and at the Copenhagen Business School. From 2002 until 2004 he worked as a Research Assistant and PhD student at the Chair of Financial Accounting and Auditing (Prof. Dr. Gerhard Scherrer) and earned a doctorate (Dr.rer.pol.). At the Chair of Financial Accounting and Auditing (Prof. Dr. Axel Haller) he continued as an Assistant Professor and successfully qualified as professor at the University of Regensburg in 2008 (Dr. rer.pol.habil.). In the winter term 2008/2009 he held an interim position as Professor for Financial Accounting and Auditing at the Georg-August-University Göttingen. From 2009 until 2014 Professor Ernstberger held the Chair of Accounting and Auditing at the Ruhr-University Bochum and was a Visiting Professor at the Rotman School of Management in Toronto. In October 2014 he was appointed Professor at the Technical University of Munich where he is Full Professor for Financial Accounting and Academic Program Director for the Bachelor Program in Management and Technology at TUM School of Management.

Selected current research projects

  • The real effects of mandatory quarterly reporting with M. Stich, O. Vogler and B. Link): This project examines how mandatory quarterly reporting affects firms’ business decisions in terms of real activities manipulations. Our preliminary findings indicate a significant increase in real activities manipulation after an increase in reporting frequency. This finding points to greater managerial short-termism resulting from increased reporting frequency requirements.
  • Determinants and consequences of audit quality (with C. Koch, B. Downar, M. Prott, E. Wühst, M. Bartkowiak): In this larger project we investigate how (i) research acitivities of auditors, (ii) compensation policies of audit firms, (iii) selection strategies for individual auditors influence audit quality and how individual auditors’ performance influences (i) their career, and (ii) their client portfolio.

Key Publications

  • Ernstberger, J.; Link, B.; Stich, M.; Vogler, O.: The Real Effects of Mandatory Quarterly Reporting. The Accounting Review, 2016, forthcoming
  • Ernstberger, J; Link, B; Stich, M.; Vogler, O.: The Real Effects of Mandatory Quarterly Reporting. The Accounting Review, 2016, forthcoming
  • Ernstberger, J.; Grüning, M.: How do Firm- and Country-level Governance Mechanisms Affect Firms’ Disclosure?. Journal of Accounting and Public Policy 32 (3), 2013, 50–67
  • Ernstberger, J.; Stich, M.; Vogler, O.: Economic Consequences of Accounting Enforcement Reforms: The Case of Germany. European Accounting Review 21, 2012, 217-251 [ Full text ( DOI ) ]
  • Hitz, J.-M.; Ernstberger, J.; Stich, M.: Enforcement of Accounting Standards in Europe: Empirical Evidence for the Two-tier Mechanism in Germany. European Accounting Review 21 (2), 2012, 253-281
  • Lackmann, J.; Ernstberger, J.; Stich, M.: Market Reactions to Increased Reliability of Sustainability Information. Journal of Business Ethics 107 (2), 2012, 111-128
  • Ernstberger, J.; Vogler, O.: Reply to the Discussion of "Analyzing the German-Accounting Triad - `Accounting Premium' for IAS/IFRS and US GAAP vis-à-vis German GAAP?". The International Journal of Accounting 43 (4), 2008, 394-397

Prof. Dr. Gunther Friedl

Management Accounting

Areas of interest

  • Management Accounting
  • Corporate Governance
  • Management Compensation
  • Performance Measurement
  • Corporate Valuation
  • Public Regulation

Awards

  • Best Teaching Award of the TUM School of Management, Technische Universität München, 2015, 2014, 2013
  • Excellence in Teaching Award of Technische Universität München, 2014

Curriculum vitae

Gunther Friedl has been dean of TUM School of Management at Technische Universität München since 2010. He joined TUM as a full professor of management accounting in 2007. Gunther holds both a Diplom (M.Sc.) in business administration from the University of Munich and a Diplom (M.Sc.) in physics from Technische Universität München. He received his Dr. (PhD) and the Habilitation in business administration from the University of Munich.

Before joining Technische Universität München, Gunther has been full professor at the University of Mainz. He has been visiting scholar at Stanford University and guest professor at Warsaw School of Economics.

His teaching focuses on topics like cost and management accounting, financial accounting, value-based management and cor-porate valuation at the undergraduate and graduate level as well as at executive programs. For his teaching, Gunther received several rewards, including a Best Teaching Award of the TUM Executive MBA. In 2012, he was named as the German “Professor of the Year”.

Gunther is author and co-author of several textbooks and monographs on management accounting. His current research interests lie in the area of executive compensation, performance measurement, and valuation. His work has been published in journals such as European Journal of Operational Research, OR Spectrum, Research Policy, and Schmalenbach Business Review.

His research on executive compensation has been portrayed in media such as Handelsblatt, Financial Times, Frankfurter Allgemeine Zeitung, The Huffington Post, ARD, and ZDF.

Selected current research projects

Executive compensation: In cooperation with DSW, we analyze the development and the consequences of executive compensation in Germany.

DezEnerBay: In cooperation with KME Mittelstand GmbH and the industry association bay- me vbm, we investigate the future energy supply of Bavaria. We determine whether decen- tralized supply of industrial companies can contribute to the German energy transition.

Key Publications

  • Friedl, Gunther;Wagner, Stephan: Supplier Development Investments in a Triadic Setting. IEEE Transactions on Engineering Management (99), 2016, 1-15
  • Döscher, Thorsten;Friedl, Gunther: Corporate Governance, Stakeholder Power, and Executive Compensation. OR Spectrum 33, 2011, 309-331 [ Full text ( DOI ) ]
  • Friedl, Gunther;Hofmann, Christian;Pedell, Burkhard: Kostenrechnung. Eine entscheidungsorientierte Einführung. Verlag Vahlen, 2010
  • Bergmann, Rouven;Friedl, Gunther: Controlling innovative projects with moral hazard and asymmetric information. Research Policy 37, 2008, 1504-1514
  • Wagner, Stephan;Friedl, Gunther: Supplier Switching Decisions. European Journal of Operational Research 183, 2007, 700-717

Prof. Dr. Christoph Kaserer

Financial Management and Capital Markets

Areas of interest

  • Empirical capital market research
  • Corporate finance
  • Financial market
  • Regulation, asset management

Awards

  • Best Teaching Award in the Executive Education Programs of TUM School of Management, 2015
  • Best Paper Award, Journal of Financial Intermediation (JFI), with Tobias berg, 2016

Editorship (2013-2016)

  • Review of Managerial Science, Editorial Board Member
  • Corporate Finance, Editorial Board Member

Curriculum vitae

Christoph Kaserer is a full professor of finance at Technische Universität München (TUM).

His area of expertise is empirical capital market research, corporate finance, financial market regulation, and asset management. He is also active as an expert for the German Government as well as for public and private institutions. Christoph is also regularly invited to parliamentary hearings as an expert witness.

Before joining TUM, he became Full Professor of Financial Management and Accounting at Université de Fribourg, Switzerland, in 1999. From 2005 to 2010 he was the Dean of TUM School of Management. Christoph earned a degree in economics from University of Vienna. He holds a Ph.D. in Finance from University of Würzburg.

Selected current research projects

Implied Cost of Capital: There is a new strand of literature who aims at extracting the expected return of stocks (and other asset classes) from current market prices. In a large research project the institute is working on refinements of this methodology as well as on extending into new fields of application. For instance, the method can be applied to improve traditional asset pricing models (as the Fama-French-Model), overcome shortcomings of the Markowitz-Model of portfolio selection as well as improving the understanding of corporate financial decisions.

Liquidity Costs: The impact of liquidity cost on asset pricing is a long-studied subject. However, due to data limitations many relevant questions are yet unanswered. The institute is working with a pretty unique dataset offered by Deutsche Börse (XLM), which can be used to study the impact of liquidity costs in a more detailed manner. Recent research projects have addressed issues like the impact of algorithmic trading on liquidity, liquidity provision by mutual funds or flight to liquidity in stressed markets.

Key Publications

  • Berg, Tobias; Kaserer, Christoph: Does contingent capital induce excessive risk-taking?. Journal of Financial Intermediation 24 (3), 2015, 356-385 [ Full text ( DOI ) ]
  • Schmid, Thomas;Achleitner, Ann-Kristin;Ampenberger, Markus;Kaserer, Christoph: Family firms and R&D behavior - New evidence from a large-scale survey. Research Policy 43 (1), 2014, 233-244 [ Full text ( DOI ) ]
  • Berg, Tobias;Kaserer, Christoph: Extracting the Equity Premium from CDS Spreads. The Journal of Derivatives 21 (1), 2013, 8-26
  • Rösch, Christoph G;Kaserer, Christoph: Market Liquidity in the Financial Crisis: The Role of Liquidity Commonality and Flight-to-Quality. Journal of Banking & Finance 37 (7), 2013, 2284-2302
  • Ernst, Cornelia;Stange, Sebastian;Kaserer, Christoph: Accounting for Non-normality in Liquidity Risk. Journal of Risk 14 (3), 2012, 3-21
  • Dickgiesser, Sebastian;Kaserer, Christoph: Market efficiency reloaded: why insider trades do not reveal exploitable information. German Economic Review 11 (3), 2010, 302-335
  • Diller, Christian;Kaserer, Christoph: What Drives Private Equity Returns? - Fund Inflows, Skilled GPs, and/or Risk?. European Financial Management Journal 15 (3), 2009, 643-675
  • Kaserer, Christoph;Klingler, Carmen: The accrual anomaly under different accounting standards - lessons learned from the German experiment. Journal of Business Finance & Accounting 35 (7-8), 2008, 837-859
  • Kaserer, Christoph;Kraft, Marcus: How Issue Size, Risk, and Complexity are Influencing External Financing Costs: German IPOs analyzed from an Economies of Scale Perspective. Journal of Business Finance & Accounting 30 (3-4), 2003, 479-512
  • Bühner, Thomas;Kaserer, Christoph: The Structure of External Financing Costs and the Economies of Scale View: New Evidence from Seasoned Equity Offerings in Germany. European Financial Management 8 (3), 2002, 315--358
  • Kaserer, C.;Wenger, E.: Hopt, K. J.;Kanda, H.;Roe, M. J.;Wymeersch, E.;Prigge, S. (Ed.): German Banks and Corporate Governance - A Critical View. Oxford University Press, 1998, 499-536

Prof. Dr. Philipp Maume, S.J.D.

Corporate Governance and Capital Markets Law

Areas of interest

  • German and European Corporate Governance
  • Intellectual Property in Corporate Finance
  • Digitisation and the Finance Industry
  • The Overlap of Securities Regulation and Competition Law

Curriculum vitae

Prof. Maume studied law at Albert-Ludwigs-University Freiburg (Germany) and at La Trobe University Melbourne (Australia). After his practical legal training at the Higher Regional Court Karlsruhe he joined TUM School of Management as a Senior Researcher in 2005. In 2009 he was awarded a Doctor of Philosophy (Ph.D.) by the University of Augsburg. In 2010 Prof. Maume moved to Australia for a research project on information rights and corporate law. In 2013 he was awarded a Doctor of Juridical Science (S.J.D.) by La Trobe University, Melbourne. During his candidature he was a sessional staff member at La Trobe University School of Law, and a research assistant at Monash University Department of Business Law and Taxation, Melbourne. In October 2013 he was appointed as an Assistant Professor for Corporate Governance and Capital Markets Law at TUM School of Management.

Selected current research projects

Spectacular cases such as the LIBOR scam or the Porsche/VW takeover have raised questions of overlaps of anticompetitive or abusive conduct and securities regulation. Policymakers have not addressed this issue yet. What are the implications for the design of the overlapping rules, their enforcement, and market conduct supervision in general?

The finance industry is facing enormous challenges caused by digitisation. Algorithms give financial advice to clients and make independent investments decisions. The traditional toolbox for regulation of intermediaries needs to be adjusted, for example in relation to avoiding and disclosing conflicts of interest, and in particular concerning liability for bad investment decisions.

Key Publications

  • Maume, P.: Conflict of Interest and Disclosure under Company Law: A Continental-European Perspective on Legal Origins. Journal of Corporate Law Studies 16, 2016, 69-99
  • Maume, P.: Staatliche Rechtsdurchsetzung im deutschen Kapitalmarktrecht: eine kritische Bestandsaufnahme. Zeitschrift für das gesamte Handelsrecht und Wirtschaftsrecht 180 (3), 2016, 358-395
  • Latimer, P.; Maume, P.: Promoting Information in the Market for Financial Information. Springer, 2015, 238
  • Maume, P.: The Parting of the Ways - Delisting under German and UK Law. European Business Organization Law Review 16 (2), 2015, 255-279 [ Full text ( DOI ) ]
  • Maume, P.: Der kartellrechtliche Zwangslizenzeinwand im Patentverletzungsprozess. Carl Heymanns (Wolters Kluwer), 2010, 180

Prof. Dr. Alwine Mohnen

Corporate Management

Areas of interest

  • Corporate Management
  • Personnel Economics
  • Behavioral and experimental Economics
  • Compensation: Monetary and non-monetary incentives
  • Sustainability

Awards

  • Best application paper proposal at the ISAHP 2014
  • Nomination: Best Teaching Award in Economics by UNICUM, 2014
  • Best Teaching Award, TUM School of Management, 2012
  • Award for best doctoral thesis, 2002 University of Cologne

Curriculum vitae

Alwine Mohnen is a full professor for Corporate Management at TUM School of Management since 2011. She studied economics at the Rheinische Friedrich-Wilhelms-University of Bonn. After her diploma she worked as a research assistant at the University of Vienna/ Austria and received her Ph.D (with distinctions) from the University of Cologne. As a Post-Doc she was a visiting scholar at the Stanford University financed by a DFG Grant for one year, and worked as an adjunct professor at the CEU Business School of the Central European University at Budapest/Hungary. In 2008 she earned her habilitation degree from the university of cologne. After that she started as of full professor of the School of Business and Economics, RWTH Aachen. After several offers (University of Tuebingen, Karlsruhe Institute of Technology KIT, University of Basel) she accepted an offer by TUM in 2011. Here at TUM School of Management she built up and since then is the head of the experimental laboratory at TUM School of Management which is designed for research in Behavioral Economics and Experimental Economics. Furthermore, she is the speaker of the Faculty Graduate Center building up a doctoral program for the PhD candidates of the school. Since 2009, she is a research affiliate at the Institute for the Study of Labor IZA, Bonn.

She has published for instance in Applied Energy, Journal of Economic Psychology, Journal of Labor Economics, Review of Accounting Studies, and Zeitschrift für Betriebswirtschaft. For her dissertation entitled “Investment decisions, motivation and performance measurement” under the supervision of Herbert Hax. she received the dissertation award of the University of Cologne.

Her research interests include behavioral economics, experimental economics, performance measurement, personnel economics and incentives & sustainability.

Selected current research projects

Incentives for energy-efficient behavior at the workplace: a natural field experiment on eco-driving in a company fleet.

Non-monetary versus monetary incentives – an experimental investigation

Incentives for creativity: subjective vs. objective measurement of creative performance

EU-InnovatE: (i) Crowdfunding: Impact of sustainability
(ii) Selected policy instruments: do certain types of incentives “crowd-out” intrinsic motivation regarding (user) sustainable innovations and projects

Key Publications

  • Schall, Dominik; Doll, Dominik; Mohnen, Alwine: Caution! Warnings as a useless countermeasure to reduce overconfidence? An experimental evaluation in light of enhanced and dynamic warning designs. Journal of Behavioral Decision Making (forthcoming)., 2016
  • Schall, Dominik;Mohnen, Alwine: Incentivizing energy-efficient behavior at work: An empirical investigation using a natural field experiment on eco-driving. Applied Energy (forthcoming)., 2015 [ Full text ( DOI ) ]
  • Asmus, Sven; Dietrich, Daniel; Hausler, Saskia; Mohnen, Alwine: Gender Differences in Perceived Goal Conflict and Overconfidence: Evidence from a Real-Effort Experiment. , 2015, 1113-1123 [ Full text ( DOI ) ]
  • Asmus, Sven; Karl, Florian; Mohnen, Alwine; Reinhart, Gunther: The Impact of Goal-setting on Worker Performance - Empirical Evidence from a Real-effort Production Experiment. Procedia CIRP 26, 2015, 127–132 [ Full text ( DOI ) ]
  • Hammermann, Andrea;Mohnen, Alwine: The pric(z)e of hard work - Different incentive effects of non-monetary and monetary prizes. Journal of Economic Psychology 43, 2014, 1-15 [ Full text ( DOI ) ]
  • Falk, Sabrina;Hammermann, Andrea;Mohnen, Alwine;Werner, Arndt: Different degrees of informational asymmetry on job markets and its impact on companies’ recruiting success. Journal of Business Economics (formerly: Zeitschrift für Betriebswirtschaft ZfB) 83 (4), 2013, 295-317 [ Full text ( DOI ) ]
  • Asmus, Sven; Karl, Florian; Graßl, Markus; Mohnen, Alwine; Reinhart, Gunther: Energy efficiency in production processes – the influence of consumption visualization and staff training. , 2013, 181-186 [ Full text ( DOI ) ]
  • Mohnen, Alwine;Pokorny, Kathrin;Sliwka, Dirk: Transparency, Inequity Aversion, and the Dynamics of Peer Pressure in Teams – Theory and Evidence. Journal of Labor Economics 26 (4), 2008, 693-720
  • Mohnen, Alwine;Bareket, Moshe: Performance measurement for investment decisions under capital constraints. Review of Accounting Studies 12 (1), 2007, 1-22 [ Full text ( DOI ) ]

Prof. Dr. David Wozabal

Investment, Finance & Risk Management in Energy Markets

Areas of interest

  • Energy Finance
  • Energy Markets
  • Risk Management
  • Stochastic Optimization

Awards

  • Best Applications Paper in IIE Transactions in the area of Operations Engineering & Analytics for the paper “A semiparametric model for electricity spot prices” (together with Raimund Kovacevic), 2014

Editorship (2013-2016)

  • OR Spectrum, Associate Editor
  • OR Spectrum, Guest Editor of the Special Issue on Energy (together with Johann Hurink and Rüdiger Schultz)

Curriculum vitae

David Wozabal‘s research interests encompass energy finance, stochastic optimization, and risk management. Current research revolves around solution methods for large-scale stochastic optimization problems which arise in pricing as well as operational problems faced by energy firms. Another branch of research focusses on structural change in European energy markets, dealing with modelling of energy prices, questions of market efficiency, policy design, technical and commercial feasibility of new technologies, and new business models in the energy sector.

David Wozabal obtained a PhD in statistics and a MSc in Mathematics and Business Informatics from the University of Vienna. He worked as a post-doctoral researcher at the University of Vienna, the Vienna University of Economics and Business and as a visiting professor at TUM School of Management. David Wozabal joined TUM School of Management as Assistant Professor in February 2014.

Selected current research projects

How Do Contract Parameters Influence the Economics of Vehicle-to-Grid?: By pooling electric vehicles (EVs) and their batteries, aggregators are able to provide services to the grid. We study how the parameters that shape the agreement between aggregators and EV owners, influence the profitability of vehicle pools.

Optimal gas storage valuation and futures trading in incomplete markets: We model the problem of optimal gas storage valuation in incomplete markets as a Markov decision process. We express risk preferences by the nested Conditional Value-at-Risk and solve the problem by approximate dual dynamic programming using discrete scenario lattices as representations of random future prices. As opposed to policies investigated in the extant literature, our solutions outperform the rolling intrinsic heuristic in-sample as well as out-of-sample.

Key Publications

  • Wozabal, David: Robustifying Convex Risk Measures for Linear Portfolios: A Nonparametric Approach. Operations Research 62, 2014, 1302-1315 [ Full text ( DOI ) ]
  • Kovacevic, R.;Wozabal, D.: A semiparametric model for electricity spot prices. IIE Transactions 46 (4), 2014, 344-356 [ Full text ( DOI ) ]
  • Löhndorf, N.;Wozabal, D.;Minner, S.: Optimizing Trading Decisions for Hydro Storage Systems using Approximate Dual Dynamic Programming. Operations Research 61 (4), 2013, 810-823 [ Full text ( DOI ) ]
  • Graf, C.;Wozabal, D.: Measuring competitiveness of the EPEX spot market for electricity. Energy Policy 62 (November), 2013, 948-958 [ Full text ( DOI ) ]
  • Wozabal, D.;Hochreiter, R.: A Coupled Markov Chain Approach to Credit Risk Modeling. Journal of Economic Dynamics and Control 36 (3), 2012, 403-415 [ Full text ( DOI ) ]
  • Pflug, Georg Ch.;Pichler, Alois;Wozabal, David: The 1/N investment strategy is optimal under high model ambiguity. Journal of Banking & Finance 36, 2012, 410-417 [ Full text ( DOI ) ]
  • Wozabal, David: A framework for optimization under ambiguity. Annals of Operations Research 193 (1), 2012, 21-47 [ Full text ( DOI ) ]
  • Wozabal, D.: Value-at-Risk optimization using the difference of convex algorithm. OR Spectrum 34 (4), 2010, 861-883 [ Full text ( DOI ) ]
  • Pflug, G.Ch.;Wozabal, D.: Ambiguity in portfolio selection. Quantitative Finance 7 (4), 2007, 435-442 [ Full text ( DOI ) ]

Affiliate Members

Prof. Dr. Rudi Zagst

Mathematical Finance

Research Centers

Visitors

• Randall B. McDonald Chair in Accounting
• Research Seminar Oct. 2014
• From the University of Texas at Austin

• Assistant Professor for Business Administration
• From Schweizerisches Institut für Klein- und Mittelunternehmen (KMU)

• Head of Chair of Human Resource Management
• Ph.D. Course Experimental Economics
• From Karlsruher Institut für Technologie

• Department of Accounting
• Research Seminar Oct. 2014
• From the University of Texas at Austin

Who we are

The “Economics and Policy“ research department examines economic processes with a focus on the role of public policy. It addresses comtemporary policy issues by means of theoretical as well as empirical investigations into public economics, health economics, industrial organization, environmental economics, sustainable resources management, agricultural and food economics, forestry, energy economics, and the economics of ageing. Special emphasis is given to policy conflicts between equity, efficiency, and sustainability.

Professors

Prof. Axel Börsch-Supan, Ph.D.

Economics of Aging

Areas of interest

  • Economics of demographic change
  • Pensions and retirement behavior
  • Household savings behavior
  • Housing markets
  • Panel data and discrete choice econometrics

Awards

  • Korrespondierendes Mitglied der Österreichischen Akademie der Wissenschaften, since 2015

Curriculum vitae

Axel Börsch-Supan became Full Professor of the Chair for the Economics of Aging at Technical University of Munich (TUM) in 2011. He studied economics and mathematics in Munich and Bonn and received a doctorate in economics from MIT (Cambridge, USA) in 1984. After working as an assistant professor of public policy at Harvard University (1984-1987) and as professor of economic theory at the University of Dortmund (1987-1989) he was professor of macroeconomics and economic policy at the University of Mannheim (1989-2011). In his role as director of the Max Planck Institute for Social Law and Social Policy in Munich, he is heading the Munich Center for the Economics of Aging (MEA) since 2011. Professor Börsch-Supan is a full member of the Berlin-Brandenburg Academy of Sciences and German National Academy of Sciences Leopoldina and a corresponding member of the Austrian Academy of Sciences. He also coordinates the Survey of Health, Ageing and Retirement in Europe (SHARE). Professor Börsch-Supan is a member of the Council of Advisors to the German Economics Ministry (chair 2004-08), a member of the German federal governments’ Expert Group on Demography and as a consultant to the European Commission, the World Bank, the OECD and several foreign governments.

Selected current research projects

SHARE, the Survey of Health, Ageing and Retirement in Europe, is a multidisciplinary and cross-national panel database of micro data on health, socio-economic status and social and family networks of approximately 123,000 individuals (more than 293,000 interviews) aged 50 or older. SHARE covers 27 European countries and Israel. The main objective of SHARE is to document the individual and social consequences of demographic change, to improve the understanding of these consequences and to put health and social policy countermeasures on a sound scientific basis.

Prof. Dr. Hanna Hottenrott

Economics of Innovation

Areas of interest

  • Economics of innovation
  • Economics of science
  • Industrial economics
  • Technology policy
  • Applied econometrics

Curriculum vitae

Hanna Hottenrott joined TUM School of Management in May 2016. Prior to that, she held an assistant professorship at the Düsseldorf Institute for Competition Economics (DICE) of the University of Düsseldorf. Hanna Hottenrott holds an advanced degree in economics from the University of Heidelberg and obtained a PhD in applied economics from KU Leuven (Belgium) in 2010. At KU Leuven she was affiliated with the Department of Managerial Economics, Strategy and Innovation and worked on topics related to the financing of research and development (R&D) in the business sector. After graduating, she was awarded a fellowship from the Flemish Science Foundation (FWO) and investigated questions in the fields of innovation and science policy.

In her research, Hanna Hottenrott studies innovation activities in the public and the private sector. Her research relates to the broader fields of industrial economics and applied micro-econometrics. More precisely, she works on questions in the fields of economics of innovation, economics of science and public innovation policy. Her work addresses private sector companies, innovation policy agents and provides implications for the design and governance of public innovation and technology policy.

Her work has been published, among others, in the Review of Economics and Statistics, Research Policy, Journal of Economics and Management Strategy, Cambridge Journal of Economics, Studies in Higher Education, Industrial and Corporate Change, Resource and Energy Economics, Economics of Innovation and New Technology, Journal of Regional Science, Small Business Economics and the Journal of Product Innovation Management.

Selected current research projects

Resources, Research Assessment, and Institutional Affiliations in Academia is an international and DFG-funded (HO5390/1-1) research project that explores institutional networks, motivations and research outcomes of scientists in Germany, Japan and the United Kingdom. It documents recent developments in institutional affiliation patterns in different scientific fields and find that multiple institutional affiliations and high impact research are highly correlated.

Direct and Cross-Scheme Effects in a Research and Development Subsidy Program studies a specific R&D policy design directed at private sector companies that explicitly distinguishes between research projects, development projects, and mixed R&D projects. Findings show that while publicly financed research grants increase firms’ research spending, development grants do not trigger additional product or process development investments. However, there are cross effects from development grants on research expenditures indicating that R&D subsidies are most effective at earlier stages of the R&D process.

Key Publications

  • Hottenrott, Hanna; Lawson, Cornelia: Fishing for Complementarities: Research Grants and Research Productivity. International Journal of Industrial Organization, 2017 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Lopes-Bento, Cindy; Veugelers, Reinhilde: Direct and Cross-Scheme Effects in a Research and Development Subsidy Program. Research Policy, 2017 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Lawson, Cornelia: Flying the nest: how the home department shapes researchers’ career paths. Studies in Higher Education 42 (6), 2017, 1091-1109 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde: Organisational change and the productivity effects of green technology adoption. Resource and Energy Economics 43, 2016, 172-194 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Lopes-Bento, Cindy: R&D Partnerships and Innovation Performance: Can There Be too Much of a Good Thing?. Journal of Product Innovation Management 33 (6), 2016, 773–794 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Hall, Bronwyn H.; Czarnitzki, Dirk: Patents as quality signals? The implications for financing constraints on R&D. Economics of Innovation and New Technology 25 (3), 2016, 183-334 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Lopes-Bento, Cindy: Quantity or quality? Knowledge alliances and their effects on patenting. Ind Corp Change 24 (5), 2015, 981-1011 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Rexhäuser, Sascha: Policy-Induced Environmental Technology and Inventive Efforts: Is There a Crowding Out?. Industry and Innovation 22 (5), 2015, 375-401 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Lopes-Bento, Cindy: (International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes. Research Policy 43, 2014, 1055-1066 [ Full text ( DOI ) ]
  • Hottenrott, Hanna: The Role of Research Orientation for Attracting Competitive Research Funding. Springer, 2012, 35-49 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Peters, Bettina: Innovative Capability and Financing Constraints for Innovation: More Money, More Innovation?. Review of Economics and Statistics 94, 2012, 1126-1142 [ Full text ( DOI ) ]
  • Czarnitzki, Dirk; Hottenrott, Hanna: Financial Constraints: Routine Versus Cutting Edge R&D Investment. Journal of Economics & Management Strategy 20, 2011, 121-157 [ Full text ( DOI ) ]
  • Czarnitzki, D.; Hottenrott, H.; Thorwarth, S.: Industrial research versus development investment: the implications of financial constraints. Cambridge Journal of Economics 35, 2010, 527-544 [ Full text ( DOI ) ]
  • Hottenrott, Hanna; Czarnitzki, Dirk: Financing Constraints for Industrial Innovation: What do we know?. Review of Business and Economic Literature 55 (3), 2010
  • Czarnitzki, Dirk; Hottenrott, Hanna: Are local milieus the key to innovation performance?. Journal of Regional Science 49, 2009, 81-112 [ Full text ( DOI ) ]
  • Czarnitzki, Dirk; Hottenrott, Hanna: R&D investment and financing constraints of small and medium-sized firms. Small Bus Econ 36, 2009, 65-83 [ Full text ( DOI ) ]

Prof. Dr. Michael Kurschilgen

Managerial Economics

Areas of interest

  • Behavioral Economics
  • Experimental Economics
  • Law and Economics
  • Social Norms
  • Identity Utility

Curriculum vitae

Michael Kurschilgen Kurschilgen works at the intersection of Economics, Social Psychology, and Law. His research aims at understanding how certain social norms evolve, what influences their stability, and how those norms correspond with the preferences and expectations of the individual agents. Kurschilgen is particularly interested in understanding normativity, i.e. consensual social judgments of “right“ and “wrong“ behavior. He studies those questions particularly by means of controlled laboratory experiments.

Kurschilgen studied Economics at the Universities of Bonn and Maastricht, as well as at SciencesPo Paris (2002-2007). After a stint as a consultant for large mining and engineering projects in India and Kazakhstan, he enrolled as a PhD student at the International Max Planck Research School “Uncertainty”, graduating in 2013 from the University of Jena. Kurschilgen continued his scientific career as a postdoctoral fellow at the Max Planck Institute for Research on Collective Goods in Bonn. He has been a visiting researcher the University of California Berkeley, the European University Institute Florence, and the University of Bologna. In November 2015 Kurschilgen was named Assistant Professor of Managerial Economics at the TUM School of Management.

Selected current research projects

Inequality as Coordination Device studies the circumstances under which groups of individuals manage to coordinate on an objectively better yet more sophisticated social norm that reconciles efficiency with equality. We show experimentally that normative innovation is only attempted when inequality from simple coordination is substantial and the time horizon sufficiently long..

The Jurisdiction of the Man Within tests the effect of introspection on people’s willingness to cooperate in a public good game. Our results show that introspection causally increases cooperation. Both home-grown idealism and the experiences with the cooperativeness of the environment predict individual cooperativeness throughout the game.

Key Publications

  • Engel, Christoph;Beckenkamp, Martin;Glöckner, Andreas;Irlenbusch, Bernd;Hennig-Schmidt, Heike;Kube, Sebastian;Kurschilgen, Michael;Morell, Alexander;Nicklisch, Andreas;Normann, Hans-Theo;Towfigh, Emanuel: First impressions are more important than early intervention: Qualifying broken windows theory in the lab. International Review of Law and Economics 37, 2014, 126-136 [ Full text ( DOI ) ]
  • Engel, C.;Kurschilgen, M.: The Coevolution of Behavior and Normative Expectations: An Experiment. American Law and Economics Review 15, 2013, 578-609 [ Full text ( DOI ) ]
  • Engel, Christoph;Kurschilgen, Michael: Fairness Ex Ante and Ex Post: Experimentally Testing Ex Post Judicial Intervention into Blockbuster Deals. Journal of Empirical Legal Studies, 2011, 682-708 [ Full text ( DOI ) ]

Prof. Dr. Martin Moog

Forest Economics

Contacts

Chair: Forest Economics
Email: moog@mytum.de

Areas of interest

  • Economic Analysis of Forest Management
  • Environmental Economics and Management
  • Appraisal of Forests and Business Valuation
  • History of Economic Thought

Editorship (2013-2016)

  • Editor, Schriften zur Forst- und Umweltökonomie (J.D. Sauerländer ́s Verlag)
  • Subject Editor, European Journal for Forest Research (Springer)
  • Editorial Board Member, Forest Policy & Economics (Elsevier)
  • Editorial Board Member, Journal of Forest Science (JFS)
  • Editorial Board Member, Journal of Forest Economics

Curriculum vitae

Professor Martin Moog holds the chair of Forest Economics since 1992. After completing his studies in Forest Science at the Georg August University Göttingen he worked as a research assistant at the Institute for Forest Economics and spent some months at the International Institute for Applied Systems Analysis (IIASA) located at Laxenburg near Vienna, as a participant in a program for young scientists. His interest was then focused on qualitative input-output-analysis and after finishing the dissertation from 1987 to 1989 he conducted a legal internship at the State Forest Service of Hesse and passed the final state examination. After recurrence to the University of Göttingen his research interest was mainly concentrated on the econometric modelling of supply behavior of forest enterprises. In 1992 he obtained postdoctoral lecture qualification.

Selected current research projects

Carbon Sequestration in Cameroon: The economically efficiency for Cameroon to forgo alternative uses of forest land and to use the forests as carbon sinks is examined. This is of course dependent on the prices for carbon storage as well as on the opportunity costs of alternative land uses. This assessment is made using a cost benefit analysis, in combination with linear optimization and portfolio models.

Diffusion of Fuel Pellets in Bavaria: Fuel pellets are one of the most significant product innovations in the field of renewable energy. Since 1999 pellet heatings are enormously wi- despread in the area of single-family homes in Germany. The research project analyzes the factors influencing the spatial distribution based on regional economics models and models on innovation, diffusion and success factors research.

Key Publications

  • Abel, Philipp;Moog, Martin;van Riesen, Simone: Beiträge forstlicher Autoren zur Ideengeschichte der Unternehmensbewertung. Betriebswirtschaftliche Forschung und Praxis 67 (3), 2015, 231-243
  • Moog, Martin: Bewertung von Wildschäden im Wald: Modelle - Methoden - Bewertung. Neumann-Neudamm, 2008
  • Moog, Martin: Zum Angebotsverhalten von Forstbetrieben:. Sauerländer, 1992

Prof. Dr. Sebastian Schwenen

Economics of Energy Markets

Areas of interest

  • Energy Economics
  • Industrial Organization
  • Applied Microeconomics

Curriculum vitae

Sebastian Schwenen’s main research interest lies in the industrial organization of energy markets. His recent work studies market design in electricity markets and the impact different designs have on consumers and producers. In addition to research and teaching, he has provided research-based economic consulting to DG Energy and the German Federal Ministry for Economic Affairs and Energy within the scope of various research projects on energy markets.

Sebastian Schwenen obtained a PhD in Economics & Management from Copenhagen Business School and a MSc in Economics from Humboldt University Berlin. He has been a visiting PhD student at the London School of Economics and Political Science and a post-doctoral researcher at the European University Institute in Florence and at DIW Berlin. Sebastian Schwenen joined TUM School of Management as Assistant Professor in September 2015.

Selected current research projects

Pricing and Capacity Provision in Electricity Markets – An Experimental Study: We study experimentally the impact of different market designs on investment and pricing behaviour in electricity markets. Experimental subjects invest in generation capacity and subsequently compete in prices to sell power. Motivated by varying market designs currently implemented in US and European markets, we apply different design treatments to the experiment to identify their impact on producers‘ pricing and investment strategies.

Renewable Energy and the Pricing of Electricity Futures: We analyse how forward contracting of electricity can mitigate risks in production costs introduced by renewable energy. Specifically, we investigate theoretically and empirically how massive market entry of fluctuating renewable energy sources such as wind and solar PV – and the resulting risk from shocks to production costs – changes incentives to sell power on forward markets and influences risk premia.

Key Publications

  • Schwenen, Sebastian: Strategic bidding in multi-unit auctions with capacity constrained bidders: the New York capacity market. The RAND Journal of Economics 46, 2015, 730-750 [ Full text ( DOI ) ]
  • Ruester, Sophia; Schwenen, Sebastian; Finger, Matthias; Glachant, Jean-Michel: A post-2020 EU energy technology policy: Revisiting the Strategic Energy Technology plan. Energy Policy (66), 2014, 209-217
  • Ruester, Sophia; Schwenen, Sebastian; Perez-Arriaga, Ignacio; Batlle, Carlos: From distribution networks to smart distribution systems: Rethinking the regulation of European electricity DSOs. Utilities Policy (31), 2014, 229-237
  • Schwenen, Sebastian: Market design and supply security in imperfect power markets. Energy Economics 43, 2014, 256-263

Prof. Dr. Michael Suda

Forest and Environmental Policy

Areas of interest

  • Forest Policy – small scale forestry and organizations, evaluation of political instruments, perception of forests and forestry
  • Environmental Policy – natural hazards, certifica- tion, international organi- zations, EU- policy

Awards

  • 5 Best Teaching Awards

Curriculum vitae

Michael Suda studied forest science in Munich and, subsequently, carried out his PhD about the possible influence of forest decline in alpine regions, using models from natural science and economy. His habilitation dealt with the role of forests on water supply on local and regional political systems. Since 1995, he is head of the chair of forest- and environmental policy at TUM.

Selected current research projects

Development of forest owners and private forest owner associations: Structural transformation in Germany’s rural areas leads to drastic changes with regard to the use of forests by forest owners that potentially cause supply bottlenecks of the woodworking industry. The scientific focus lies on studying the impact of structural and communicative measures in this context.

Perception of forests and forestry and the influence on forest management: The alienation of people from production and the related decline of its acceptance leads to increasing restraints concerning the utilisation of woods in Germany’s forests. The emphasis of research in this focus area is on the perception of forests and their relevance in public.

Analysis of Discourses about forests: Discourse analysis is used to study the influence of political actors on the perception of forests, legal frameworks and media coverage.

Great Bear Rainforest: Implementation of the Central Coast Land Use Decision in British Columbia‘s Great Bear Rainforest (Canada) The Central Land Use Decision (2006) introduced several innovations for British Columbia‘s forestry sector.

Key Publications

  • Suda, Michael; Dobler, Günter: Die Nationalparkdiskussion in Deutschland – Wie lässt sich mit Umfragen manipulieren?. Haymarket Media GmbH & Co. KG, 2015, 19-33
  • Suda, Michael; Pukall, Klaus: Multifunktionale Forstwirtschaft zwischen Inklusion und Extinktion (Essay). Schweizerische Zeitschrift für Forstwesen (165/11), 2014, 333-338 [ Full text ( DOI ) ]
  • Suda, Michael; Gaggermeier, Anika; Koch, Marc: Waldflurbereinigung - Bedeutung und Einflussfaktoren auf den Verfahrensverlauf. AFJZ (11/12), 2011, 206-216 [ Full text (mediaTUM) ]

Prof. Dr. Robert K. Frhr. von Weizsäcker

Economics – Public Finance and Industrial Organization

Areas of interest

  • Public Finance
  • Corporate Finance
  • Applied Microeconomics
  • Population Economics
  • Economics of Education
  • Industrial Organization

Curriculum vitae

Robert K. von Weizsäcker, born in 1954, studied Mathematics and Economics at the University of Bonn, received a Ph.D. at the London School of Economics / University of Bonn in 1985 and attained the Habilitation at the University of Bonn in 1990.

Since 2003 he is Professor of Economics, Public Finance, and Industrial Organization at Munich University of Technology. He is also a Faculty Member of the Munich Intellectual Property Law Center at the Max Planck Institute for Intellectual Property, Competition and Tax Law. Previously he had research and teaching positions at the University of Bonn, the Humboldt-University of Berlin, the University of Halle-Wittenberg, and the University of Mannheim. He was a Visiting Scholar at the London School of Economics, Cambridge University, Université Catholique de Louvain, Stanford University, Oxford University, and the International Monetary Fund in Washington D.C.

Prof. von Weizsäcker is Research Fellow of the Centre for Economic Policy Research in London, the Ifo-Institute in Munich, and the Institute for the Study of Labor in Bonn. He was a Heisenberg Fellow of the German National Science Foundation and a Member of the German Scientific Council.

He has published numerous books and articles, particularly in the fields of public finance (public debt, tax reform, and social security financing), corporate finance (corporate valuation and risk analysis), population economics, the economics of education and industrial organization.

Selected current research projects

Grenzen der Staatsverschuldung: Eine politökonomische Analyse Bildungsfinanzierung und Bildungsorganisation
Ratio und Intuition: Entscheidungsfindung unter Unsicherheit
Zur Erkenntnisfähigkeit der VWL

Key Publications

  • Weizsäcker, R. K. von; Sahm, M.: Reason, Intuition, and Time. Managerial and Decision Economics 37, 2016, 195-207
  • Weizsäcker, R. K. von; Dossi, P.: Ungleichheit - Eine phantastische Erzählung. Springer-Verlag, 2016
  • Weizsäcker, R. K. von;Kindermann, S.: Der Königsplan. Rowohlt Verlag, 2013
  • Weizsäcker, R. K. von: Educational Choice, Lifetime Earnings Inequality, and Conflicts of Public Policy. Journal of Income Distribution (6(1)), 1996, 67-89
  • Weizsäcker, R. K. von: Distributive Implications of an Aging Society. European Economic Review 40 (4), 1996, 729-746
  • Weizsäcker, R. K. von: Bevölkerungsentwicklung, Rentenfinanzierung und Einkommensverteilung. Springer-Verlag, 1993
  • Weizsäcker, R. K. von: A Theory of Earnings Distribution. Cambridge University Press, 1993
  • Weizsäcker, R. K. von ; Nerlove, M. ; Razin, A. ; Sadka, E.: Comprehensive Income Taxation, Investments in Human and Physical Capital, and Productivity. Journal of Public Economics 50 (3), 1993, 397-406
  • Weizsäcker, R. K. von: Staatsverschuldung und Demokratie. Kyklos 45 (1), 1992, 51-67
  • Weizsäcker, R. K. von: Population Aging and Social Security - A Politico-Economic Model of State Pension Financing. Public Finance 45 (3), 1990, 491-509
  • Weizsäcker, R. K. von: Age Structure and Income Distribution Policy. Journal of Population Economics 1 (1), 1988, 33-55

Affiliate Members

Prof. Dr. Vera Bitsch

Economics of Horticulture and Landscaping

Prof. Dr. Luisa Menapace

Governance in International Agribusiness

Research Centers