Research Centers &
Partner Research Centers

Center for Digital Transformation (CDT)

Digitization is transforming vast areas of our lives. New technologies are fundamentally changing the way companies work. Processes, business models or management styles – everything must be put to the test. The Center for Digital Transformation (CDT) researches issues related to digitization and its challenges and opportunities. Our goal is to develop solutions through practice-oriented research and thus generate direct benefits for economy and society. New findings flow directly into teaching to prepare our students for the tasks of the future. Our research focus at the CDT is on:

  • Data-driven Decision Making
  • Digital Platforms
  • Impact of Digital Technologies on Business
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Center for Entrepreneurial and Financial Studies (CEFS)

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.

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Center for Energy Markets (CEM)

With the support of Munich Municipal Utilities (Stadtwerke München GmbH (SWM)), TUM School of Management has founded the Center for Energy Markets (CEM). The partners aim to conduct ongoing and rigorous analysis of evolution in the energy industry, and facilitate excellent interdisciplinary training of professionals in this emergent field. The focus of research is on the analysis of energy prices, trading strategies in the energy sector, and investment decisions for power plants. Specialisms also include regulated electricity and gas networks, as well as asset management in the energy industry. Another major challenge lies in the area of electromobility management.

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Center for Life Sciences Management and Policy (CLSMP)

The Center for Life Science Management & Policy is an interdisciplinary center that brings together researchers from management, economics and the social sciences, whose research addresses the social, economic and political implications of life science research and innovation. Relaunched in 2020 the center fosters interdisciplinary dialogue, research and teaching that supports, enables and reflects on the growing role of life science innovation and a bio-based economy for contemporary societies. The center connects School of Management researchers located at three different campuses within TUM: the Life Science Campus Weihenstephan, the TUM Campus Straubing for Biotechnology and Sustainability and the Main Campus in Munich.

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Entrepreneurship Research Institute (ERI)

Entrepreneurship is an emerging and important research field in business, economics, and psychology. The goal of the Entre-preneurship Research Institute is to help develop this field and improve our understanding of entrepreneurial individuals and or-ganizations. One part of the research at this center takes a psychological perspective and investigates entrepreneurial cognition and decision making. Our second research stream follows a business perspective and tries to understand the behavior of young organizations and factors that contribute to their success. The ERI team is interdisciplinary and composed of researchers with diverse backgrounds and qualifications, including management, psychology, economics, sociology, and natural sciences.

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Global Center for Family Enterprise (GCFE)

The Global Center for Family Enterprise (GCFE) is uniquely positioned to conduct research on a broad range of topics such as succession, strategy, innovation and governance in family firms. In particular, we are interested in understanding better the interplay between the “family” and the “enterprise”.

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