In 2003 the Chair in Entrepreneurial Finance (Prof. Dr. Dr. Ann-Kristin Achleitner) and the Chair of Financial Management (Prof. Dr. Christoph Kaserer) jointly founded the Center for Entrepreneurial and Financial Studies (CEFS). In 2015 Prof. Dr. Reiner Braun (Chair in Entrepreneurial Finance II) completed the Scientific Director Team. CEFS is supported by appr. 20 scientific assistants and a managing director. Furthermore, an international network of highly renowned scientists as well as representatives of nu-merous business fields add to the CEFS portfolio.
CEFS aims to provide state of the art research and teaching in the fields of entrepreneurial and financial studies. The research focus is on corporate financing and ownership structures in public and private capital markets. Special attention is paid to the analysis of the demand for capital by young and innovative companies as well as the supply of debt and risk capital by banks and institutional investors. Within the scope of its research CEFS collaborates on a series of projects with selected industry partners, including leading investment and consulting companies as well as financial intermediaries.
A special focus is laid on the practical relevance and applicability of the research outcomes. On the basis of scientifically grounded analyses and in close dialogue with practitioner, solutions for real life problems are found.
An exemplary CEFS project was the development of two indices in collaboration with Deutsche Börse: The German Entrepre-neurial Index (GEX, 2005) and the DAXplus® Family (2010). The GEX enabled a view at entrepreneurial companies in the prime standard. 2005 Prof. Achleitner and Prof. Kaserer received the Initiativpreis of Stiftung Industrieforschung for the development of the GEX. The DAXplus® Family tracks the performance of listed family businesses in the prime standard. In 2010 CEFS was awarded one of the 365 Orte im Land der Ideen (Places in the country of ideas) for its achievements in practically relevant research and teaching.
CEFS holds its own working paper series and is part of several freely available publications and research studies. It has its own newsletter.