Alexander GROH
Professor level 1
Research topics
1. Venture Capital
2. Private Equity
3. Entrepreneurial Finance
Publications
Sannajust, Aurélie, Groh, Alexander. 2022. Pioneering management buy-out and entrepreneurial finance research: Mike Wright’s research legacy. Small Business Economics, FORTH
Bertoni, Fabio, Groh, Alexander. 2022. The Benefit of Cross-Border Investments in the Chinese Emerging Venture Capital and Private Equity Market. Finance, FORTH
Alperovych, Yan, Cumming, Douglas J., Czellar, Veronika, Groh, Alexander. 2021. M&A rumors about unlisted firms. Journal of Financial Economics, 142 (3) : 1324-1339 p.
Block, Jörn H., Groh, Alexander, Hornuf, Lars, Vanacker, Tom, Vismara, Silvio. 2021. The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings. Small Business Economics, 57 (2) : 865-882 p.
Zeng, Kuan, Xu, Xianhao, Gong, Yeming, Groh, Alexander. 2021. Joint inventory and rationing decisions in reward-based crowdfunding. Journal of the Operational Research Society, 72 (6) : 1259-1278 p.
Andrieu, Guillaume, Groh, Alexander. 2021. Strategic Exits in Secondary Venture Capital Markets. Journal of Business Venturing, 36 (2) : 18 p.
Sannajust, Aurélie, Groh, Alexander. 2020. There's no need to be a pioneer in emerging private equity markets. Journal of Corporate Finance, 65 : 25 p.
Alperovych, Yan, Groh, Alexander, Quas, Anita. 2020. Bridging the equity gap for young innovative companies: The design of effective government venture capital fund programs. Research Policy, 49 (10)
Cumming, Douglas J., Groh, Alexander. 2018. Entrepreneurial finance: Unifying themes and future directions. Journal of Corporate Finance, 50 : 538-555 p.
Cumming, Douglas J., Groh, Alexander, Johan, Sofia A. 2018. Same Rules, Different Enforcement: Market Abuse in Europe. Journal of International Financial Markets, Institutions and Money, 54 : 130-151 p.
Wallmeroth, Johannes, Wirtz, Peter, Groh, Alexander. 2018. Venture Capital, Angel Financing, and Crowdfunding of Entrepreneurial Ventures: A Literature Review. Foundations and Trends® in Entrepreneurship, 14 (1) : 1-129 p.
Andrieu, Guillaume, Groh, Alexander. 2018. Specialist versus Generalist Investors: Trading off Support Quality, Investment Horizon and Control Rights. European Economic Review, 101 : 459-478 p.
Groh, Alexander, Wallmeroth, Johannes. 2016. Determinants of venture capital investments in emerging markets. Emerging Markets Review, 29 : 104–132 p.
Groh, Alexander, Lieser, Karsten. 2014. The Determinants of International Commercial Real Estate Investment. Journal of Real Estate Finance and Economics, 48 (4) : 611-659 p.
Bertoni, Fabio, Groh, Alexander. 2014. Cross-Border Investments and Venture Capital Exits in Europe. Corporate Governance, 22 (2) : 84-99 p.
Groh, Alexander, Andrieu, Guillaume. 2012. Entrepreneurs' Financing Choice between Independent and Bank-Affiliated Venture Capital Firms. Journal of Corporate Finance: Contracting, Governance and Organization, 18 (5) : 1143-1167 P.
Groh, Alexander, WICH, Matthias. 2012. Emerging economies' attraction of foreign direct investment. Emerging Markets Review, 13 (2) : 210-229 P.
Lieser, Karsten, Groh, Alexander. 2011. The Attractiveness of 66 Countries for Institutional Real Estate Investments. Journal of Real Estate Portfolio Management, 17 (3) : 191-211 P.
Groh, Alexander, Gottschalg, Oliver. 2011. The effect of leverage on the cost of capital of US buyouts. Journal of Banking and Finance, 35 (8) : 2099-2110
Groh, Alexander, Liechtenstein, Heinrich von. 2011. International Allocation Determinants of Institutional Investments in Venture Capital and Private Equity Limited Partnerships. International Journal of Banking, Accounting and Finance, 3 (2/3) : 176-206 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2011. The first step of the capital flow from institutions to entrepreneurs: the criteria for sorting venture capital funds. European Financial Management, 17 (3) : 532–559 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2011. Determinants for allocations to Central Eastern Europe venture capital and private equity limited partnerships. Venture Capital, 13 (2) : 175-194 P.
Groh, Alexander, Liechtenstein, Heinrich von, MIGUEL, Canela. 2010. Limited Partners' Perceptions of the Central Eastern European Venture Capital and Private Equity Market. Journal of Alternative Investments, 12 (3) : 96-112 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2010. The European Venture Capital and Private Equity country attractiveness indices. Journal of Corporate Finance: Contracting, Governance and Organization, 16 (2) : 205-224 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2009. How attractive is central Eastern Europe for risk capital investors?. Journal of International Money and Finance, 28 (4) : 625-647 p.
Groh, Alexander, GUREAU, Calin. 2009. The Impact of Regional Development Policies on ICT and Biotech Firm Creation: A Comparative Analysis of France, Germany and the UK. International Journal of Entrepreneurship and Small Business, 7 (3) : 347-366 P.
Groh, Alexander, HENSELEIT, Christoph. 2009. The Valuation of Tax Shields Induced by Asset Step-ups in Corporate Acquisitions. Review of Business, 30 (1) : 17-32 P.
Groh, Alexander, Baule, Rainer, Gottschalg, Oliver. 2008. Measuring Idiosyncratic Risks in Leveraged Buyout transactions. Quarterly Journal of Finance and Accounting, 47 (4) : 5-23 P.
Academic articles
Groh, Alexander, Lieser, Karsten. 2012. The determinants of international commercial real estate investments. 16th, Istanbul, Turkey, 6-8 June, 2012. FMA, Financial Management Association
Groh, Alexander, Lieser, Karsten. 2012. The determinants of international commercial real estate investments. 28th, St. Petersburg, Florida, USA, 17th-21nd April, 2012. Ares, American Real Estate Society, 61 p. 61 p.
Groh, Alexander, Lieser, Karsten. 2012. The determinants of international commercial real estate investments. Hamburg, Germany, April 12th-14th, 2012. EFMA, European Financial Management Association, 61 p. 61 p.
Groh, Alexander, WICH, Matthias. 2011. The Attractiveness of Emerging Economies for Foreign Direct Investment.
Groh, Alexander, WICH, Matthias. 2011. Emerging Economies’ Attraction of Foreign Direct Investment.
Groh, Alexander, Lieser, Karsten. 2011. The Attractiveness of 66 Countries for Institutional Real Estate Investments.
Groh, Alexander, Lieser, Karsten. 2011. The Attractiveness of 66 Countries for Institutional Real Estate Investments.
Groh, Alexander, PHALIPPOU, L. 2011. The First Mover Disadvantage: The Case of Emerging Market Private Equity .
Groh, Alexander, WICH, Matthias. 2010. A Composite Measure to Determine a Host Country's Attractiveness for Foreign Direct Investment. , 36 P. 36 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2010. The First Step of the Capital Flow from Institutions to Entrepreneurs: The Criteria for Sorting Venture Capital Funds . , 28 P. 28 P.
Groh, Alexander, Lieser, Karsten. 2010. The Attractiveness of 66 Countries for Institutional Real Estate Investments. , 63 P. 63 P.
Groh, Alexander, Lieser, Karsten. 2010. The Attractiveness of 66 Countries for Institutional Real Estate Investments.
Groh, Alexander, Liechtenstein, Heinrich von. 2010. The First Step of the Capital Flow from Institutions to Entrepreneurs: The Criteria for Sorting Venture Capital Funds” was presented. , 28 P. 28 P.
Groh, Alexander, WICH, Matthias. 2009. A composite measure to determine a host country’s attractiveness for foreign direct investment.
Groh, Alexander, Liechtenstein, Heinrich von. 2009. The First Step of the Capital Flow from Institutions to Entrepreneurs: The Criteria for Sorting Venture Capital Funds” was presented . , 28 P. 28 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2009. International Allocation Determinants of Institutional Investments in Venture Capital and Private Equity Limited Partnerships.
Groh, Alexander, Liechtenstein, Heinrich von. 2009. International Allocation Determinants of Institutional Investments in Venture Capital and Private Equity Limited Partnerships.
Groh, Alexander. 2009. Entrepreneurs’ Financing Choice between Independent and Bank-Affiliated Venture Capital Firms.
Groh, Alexander. 2009. Entrepreneurs’ Financing Choice between Independent and Bank-Affiliated Venture Capital Firms.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Baule, Rainer, Gottschalg, Oliver. 2008. Measuring Idiosyncratic Risks in Leveraged Buyout Transactions.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Gottschalg, Oliver. 2008. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2008. International allocation determinants of institutional investments in venture capital and private equity limited partnerships.
Groh, Alexander. 2008. Limited Partners’ Perceptions of the Central Eastern European Venture Capital and Private Equity Market.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Liechtenstein, Heinrich von. 2008. International Allocation Determinants of Institutional Investments in Venture Capital and Private Equity Limited Partnerships.
Groh, Alexander, Gottschalg, Oliver. 2008. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Gottschalg, Oliver. 2008. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Baule, Rainer, Gottschalg, Oliver. 2008. Measuring Idiosyncratic Risks in Leveraged Buyout Transactions. , 19 P. 19 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2008. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Baule, Rainer, Gottschalg, Oliver. 2007. Measuring Idiosyncratic Risks in Leveraged Buyout Transactions. , 19 P. 19 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2007. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Gottschalg, Oliver. 2007. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Baule, Rainer, Gottschalg, Oliver. 2007. Measuring Idiosyncratic Risks in Leveraged Buyout Transactions. , 19 P. 19 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2007. International Allocation Determinants of Institutional Investments in Venture Capital and Private Equity Limited Partnerships.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2007. The Attractiveness of Central Eastern European Countries for Venture Capital and Private Equity Investors.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2007. Decision Parameters for International Venture Capital and Private Equity Allocations. , 7 P. 7 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2007. Ranking the Attractiveness of European Union Countries for Venture Capital and Private Equity Investors. , 50 P. 50 P.
Groh, Alexander, Gottschalg, Oliver. 2007. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2006. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2005. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2005. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2005. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2005. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander, Gottschalg, Oliver. 2005. The Risk-Adjusted Performance of US Buyouts. , 46 P. 46 P.
Groh, Alexander. 2004. Implied Volatility of Leveraged Buyout Transactions.
Groh, Alexander. 2003. Risk Adjusted Performance of Private Equity Investments.
Groh, Alexander. 2003. The Financial Risk Community: a Tool for Web Based Teaching .
Groh, Alexander. 2002. Inadequacy of Standard Risk Management Approaches to Control for Private Equity-Investment Risk.
Groh, Alexander. 2002. Simulation Processes for Modeling Security and Portfolio Risks.
Conferences
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten, BIESINGER, Markus. 2015. The Global Venture Capital and Private Equity Country Attractiveness Index: 2015 Annual. IESE, 40 p.
Groh, Alexander, Liechtenstein, Heinrich, Lieser, Karsten, IESE. 2011. The Global Venture Capital and Private Equity Country Attractiveness Index: 2011 annual. Barcelone : IESE, 249 p.
Groh, Alexander, Liechtenstein, Heinrich, Lieser, Karsten, IESE. 2010. The Global Venture Capital and Private Equity Country Attractiveness Index: 2009/2010 annual. Barcelone : IESE, 217 p.
BETSCH, Oskar, Groh, Alexander, SCHMIDT, Kay. 2000. Gründungs- und Wachstumsfinanzierung innovativer Unternehmen = Financing Innovations, Start-up and Growth. Oldenbourg, 281 P.
BETSCH, Oskar, Groh, Alexander, LOHMAN, Lutz. 2000. Corporate Finance. 2nd Edition. Vahlen, 423 P.
BETSCH, Oskar, Groh, Alexander, LOHMAN, Lutz. 1998. Corporate Finance. 1st Edition. Vahlen, 305 P.
Books
Groh, Alexander. 2018. Private Equity in Emerging Economies: Which Markets are Sufficiently Mature? Should Investors Wait or Invest Immediately?. In Wright, Mike, Amess, Kevin, Bacon, Nick, Siegel, Donald S., The Routledge Companion to Management Buyouts. Londin : Routledge
Römer, Max, Groh, Alexander. 2017. Commercial and Strategic Due Diligence. In Beisel, Daniel, Andreas, Friedhold E., Beck'sches Mandatshandbuch Due Diligence. München : C. H. Beck, 677-700 p.
Groh, Alexander. 2015. Private Equity Growth in International and Emerging Markets. In BAKER, Kent H., FILBECK, Greg, KIYMAZ, Halil, Private Equity: Opportunities and Risk. Oxford University Press
Groh, Alexander. 2014. Benchmarking leveraged buyouts against comparable public market investments. In Gottschalg, Oliver, Private Equity Mathematics. 2nd ed.. PEI Media, 105-116 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2012. Assessing Country Attractiveness in the Venture Capital and Private Equity Landscape in Emerging Markets. In KLONOWSKI, Darek, Private Equity in Emerging Markets: The New Frontiers of International Finance. Palgrave Macmillan
Groh, Alexander. 2012. The Capital Flow from Institutional Investors to Entrepreneurs. In Cumming, Douglas, The Oxford Handbook of Venture Capital. Oxford University Press, 15-36 P.
FENDEL, Andreas, FORTUNATO, Hemlut, Groh, Alexander, GEHRT, Inna. 2011. Value Adding Private Equity Transactions. In TICHY, Roland, SCHALAST, Christoph, CANIBOL, Hans-Peter, Guide 2012 M&A und Corporate Finance. Handelsblatt, 42-49 P.
Groh, Alexander. 2010. Private Equity in Emerging Markets. In Cumming, Douglas, Private Equity: Fund Types, Risks and Returns, and Regulation. John Wiley & Sons, 419-436 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2010. What Makes a Country Attractive to VC Investors?. In PEARCE, Bryan, HAEMMIG, Martin, Back to basics: Global venture capital insights and trends report 2010. Ernst & Young, 21–25 P.
Groh, Alexander, Römer, Max. 2010. Commercial and strategic due diligence. In Beisel, Daniel, Andreas, Friedhold E., Beck'sches Mandatshandbuch Due Diligence, 2. Auflage. Beck Juristischer Verlag, 641-668 P.
Groh, Alexander. 2009. Benchmarking Leveraged Buyout Transactions. In Gottschalg, Oliver, Private Equity Mathematics. PEI Media, 43–53 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2009. How European Countries Attract Institutional Investors: Venture Capital and Private Equity Allocations. SECA Yearbook 2009. SECA, Swiss Private Equity and Corporate Finance Association, 34-40 P.
Römer, Max, Groh, Alexander. 2007. Commercial and Strategic Due Diligence. In Andreas, Friedhold E., Beisel, Daniel, Beck'sches Mandatshandbuch Due Diligence. C.H. Beck, 593–621 P.
Groh, Alexander. 2003. "Valuer++" als methodisches Konzept zur finanzwirtschaftlichen Unternehmensanalyse im Rahmen strategischer Beteiligungsprojekte. In WURL, Hans-Jürgen, Industrielles Beteiligungscontrolling. Schäffer-Poeschel, 77-99 P.
Groh, Alexander, Römer, Max. 2002. Private Equity and Leveraged Buyouts. In RICHARD, Jörg, WEINHEIMER, Stefan, Handbuch Going Private. Heidelberg, 143–170 P.
FENDEL, Andreas, Groh, Alexander. 2002. Private Equity zur Sicherung langfristiger Unternehmerstrategien. In Booz-Allen-Hamilton, GmbH, Strategic Corporate Finance : Unternehmenswertsteigerung durch profitables Wachstum. Redline Wirtschaft bei Ueberreuter, 90–123 P.
Book chapters
Groh, Alexander, Liechtenstein, Heinrich von. 2012. An Undeniable Attraction. Africa Investor, 10 (6): 26-29 P.
Groh, Alexander, Lieser, Karsten. 2010. Heading down Route 66: How do the 66 investable real estate markets around the world measure up for institutional investors?. The Institutional Real Estate Letter – Europe, 4 (10): 24-26 P.
Groh, Alexander, Liechtenstein, Heinrich von, Lieser, Karsten. 2010. The Attractiveness of DACH for Limited Partners. Bundesverband Alternativer Investments (BAI): 30-33 P.
Groh, Alexander, Liechtenstein, Heinrich von. 2010. The Russian Private Equity Market: Its Strengths, its Weaknesses and its Opportunities. Private Equity in Russia and CIS, 1
Groh, Alexander, Gottschalg, Oliver. 2005. Venture Capital and Private Equity from an Economist's Point of View. Zeitschrift für das gesamte Kreditwesen, 58 (1): 26-29 P.
Groh, Alexander. 2001. Online-Brokerage: Adding Value with Risk Management Systems. Bank und Markt, 30 (3): 30-34 P.