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Professorship

Univ.-Prof. Dr. Eva Lutz

Universitätsstr. 1
Building: 23.32
Floor/Room: 00.31
40225 Düsseldorf
Phone +49 211 81-15525
Fax +49 211 81-15516

Prof. Dr. Eva Lutz is full professor for Entrepreneurship and Finance at Heinrich-Heine-University (HHU) Düsseldorf and is the Scientific Director of the Center for Entrepreneurship Düsseldorf (CEDUS). Prior to joining HHU, she was lecturer at the Chair in Entrepreneurial Finance at TU München where she completed her Habilitation in July 2012. During her time at TU München she was Co-Managing Director of the Center for Entrepreneurial and Financial Studies (CEFS) for three years. Before that she was working as Consultant at L.E.K. Consulting in London in the field of corporate strategy and due diligence. Between 2001 and 2004, she worked at the TU München as doctoral candidate and completed her doctorate on syndicated venture capital deals. She studied business administration at the University of Göttingen and at the École Superieure de Commerce in Pau, France. In research as well as in teaching, she focuses on entrepreneurial finance, in particular on financing innovative start-ups, venture capital and private equity.

Monographs

Syndizierte Venture-Capital-Finanzierung, Sternenfels 2005.

Venture Valuation - Bewertung von Wachstumsunternehmen, Stuttgart 2004 (mit A.-K. Achleitner).

Articles in peer-reviewed scientific journals

C. Plagmann, E. Lutz (2019): Beggars of Choosers? Lead Venture capitalists and the impact of reputation on syndicate partner selection in international settings, In: Journal of Banking and Finance, accepted.

C. Plagmann, E. Lutz (2019): Better safe than sorry – the impact of trust on venture capitalists‘ choice of syndicate partners, In: International Journal of Entrepreneurial Venturing, accepted.

H. Hottenrott, E. Lins, E. Lutz (2018): The Effect of Subsidies on New Ventures’ Access to Bank Loans, In: Economics of Innovation and New Technology, Jg. 27, Nr. 8, S. 786-808.

E. Lins, K.J. Fietkiewicz, E. Lutz (2018): Effects of Impression Management Tactics on Crowdfunding Success, In: International Journal of Entrepreneurial Venturing, Jg. 10, Nr. 5, S. 534-557.

E. Lutz, M. Henn (2018): Macht oder Ohnmacht? Private Equity als Finanzierungsinstrument in familiengeführten und nichtfamiliengeführten Unternehmen, In: Betriebswirtschaftliche Forschung und Praxis (BFuP), Jg. 70, Nr. 5, 525-553.

A.-K. Achleitner, R. Braun, E. Lutz, F. Tappeiner (2018): Private Equity Group Reputation and Financing Structures in German Leveraged Buyouts, In: Journal of Business Economics, Jg. 88, Nr. 3-4 (Mai 2018), S. 363-392. 

E. Lins, E. Lutz (2017): Family Involvement as a Catalyst for Female Opportunity Recognition, In: International Journal of Entrepreneurship and Small Business, Jg. 31, Nr. 2, S. 270–287.

M. Henn, E. Lutz (2017): Private Equity in Family Firms: Drivers of the Willingness to Cede Control, In: Journal of Entrepreneurial Finance, Jg. 18, Nr. 2, S. 1-28.

M. Hesse, E. Lutz, E. Talmor (2016): Liquidity Runway and Horizon of Disappointment: Business Model of Venture Lending, In: Journal of Alternative Investments, Jg. 19, Nr. 2, S. 28-37.

P. Jaskiewicz, E. Lutz, M. Godwin (2016): For Money or Love? Financial and Socioemotional Considerations in Family Firm Succession, In: Entrepreneurship Theory & Practice, Jg. 40, Nr. 5 (September 2016), S. 1179–1190.

E. Lins, E. Lutz (2016): Bridging the Gender Funding Gap: Do Female Entrepreneurs Have Equal Access to Venture Capital?, In: International Journal of Entrepreneurship and Small Business, Jg. 27, Nr. 2/3, S. 347-365.

A. Moritz, J.H. Block, E. Lutz (2015): Investor Communication in Equity-Based Crowdfunding: a Qualitative-Empirical Study, In: Qualitative Research in Financial Markets, Jg. 7, Nr. 3, S. 309-342.

J. Mair, J. Mayer, E. Lutz (2015): Navigating Institutional Plurality: Organizational Governance in Hybrid Organizations, In: Organization Studies, Jg. 36, Nr. 6, S. 713-739.

A.-K. Achleitner, R. Braun, E. Lutz, U. Reiner (2014): Industry Relatedness in Trade Sales and Venture Capital Investment Returns, In: Small Business Economics, Jg. 43, Nr. 3, S. 621-637.

A.-K. Achleitner, C. Figge, E. Lutz (2014)*: Drivers of Value Creation in a Secondary Buyout: The Acquisition of Brenntag by BC Partners, In: Qualitative Research in Financial Markets, Jg. 6, Nr. 3, S. 278-301.

E. Lutz, M. Bender, A.-K. Achleitner, C. Kaserer (2013): Importance of Spatial Proximity between Venture Capital Investors and Investees in Germany, In: Journal of Business Research, Jg. 66, Nr. 11, S. 2346–2354.

A.-K. Achleitner, E. Lutz, J. Mayer, W. Spiess-Knafl (2013)*: Disentangling Gut Feeling – Assessing the Integrity of Social Entrepreneurs, In: Voluntas - International Journal of Voluntary and Nonprofit Organizations, Jg. 24, Nr. 1, S. 93-124.

E. Lutz, G. George (2012): Venture capitalists’ role in new venture internationalization, In: The Journal of Private Equity, Jg. 16, Nr. 1, S. 26-41.

A.-K. Achleitner, O. Bauer, C. Figge, E. Lutz (2012): The Case for Secondary Buyouts as Exit Channel, In: Journal of Applied Corporate Finance, Jg. 24, Nr. 4, S. 102-111.

E. Lutz, S. Schraml (2012): Family Firms: Should They Hire an Outside CFO?, In: Journal of Busines Strategy, Jg. 33, Nr. 1, S. 39-44.

A.-K. Achleitner, K. Herman, J. Lerner, E. Lutz (2010)*: Family Business and Private Equity: Conflict or Collaboration? The Case of Messer Griesheim, In: The Journal of Private Equity, Jg. 13, Nr. 3, S. 7-20.

A.-K. Achleitner, E. Lutz, K. Herman, J. Lerner (2010): New Look: Going Private with Private Equity Support, In: Journal of Business Strategy, Jg. 31, Nr. 3, S. 38-49.

A.-K. Achleitner, E. Lutz, S. Schraml (2010)*: Quantitative Valuation of Platform Technology Based Entrepreneurial Companies, In: International Journal of Entrepreuneurial Venturing (IJEV), Jg. 1, Nr. 4, S. 352-366.

E. Lutz, A.-K. Achleitner (2009): Angels or Demons? Evidence on the Impact of Private Equity Firms on Employment, In: Zeitschrift für Betriebswirtschaft (ZfB), Sonderheft Entrepreneurial Finance, Nr. 5, S. 53-81.

A.-K. Achleitner, S. Jarchow, E. Nathusius, S. Schraml (2008): Bericht zu „Management und Bewertung von IP-basierten Unternehmen“, In: GRUR International, Jg. 57, Nr. 7, S. 585-589.

A.-K. Achleitner, E. Nathusius (2005)*: First-Chicago-Methode – Alternativer Ansatz zur Bewertung von innovativen Unternehmensgründungen bei Venture-Capital-Finanzierungen, In: Betriebswirtschaftliche Forschung und Praxis (BFuP), Jg. 57, Nr. 4, S. 333-347.

Submitted articles in peer-reviewed scientific journals

E. Talmor, E. Lutz, M. Hesse, (2017): Tangible Reputational Effects of Venture Capital Affiliation – The Case of Venture Lending, submitted to: Strategic Entrepreneurship Journal. 

A. Bergfeld, E. Lutz, B. Scheck (2017): Social Franchising: A Transitional Solution for Scaling Up Social Entrepreneurial Organizations?, submitted to: International Journal of Entrepreneurial Venturing (first revision submitted).

Articles in other scientific journals

A.-K. Achleitner, E. Nathusius (2004): Unternehmensbewertung bei Venture-Capital-Finanzierungen, In: WiSt, 2004 (3), S. 134-139.

Contributions to edited books

C. Granz, M. Henn, E. Lutz (2019): Research on Venture Capitalists' and Business Angels' Investment Criteria – A Systematic Literature Review, in: J. Block, S. Golla, A. Moritz, A. Werner (Eds.): FGF Studies in Small Business and Entrepreneurship: Contemporary Developments in Entrepreneurial Finance. An Academic and Policy Lens on the Status-Quo, Challenges and Trends. Springer Science & Business Media, accepted.

S. Sarasvathy, I. Ali, J. Block, E. Lutz (2016): Partitioning socioemotional wealth to stitch together the effectual family enterprise, in: K. Randerson, C. Bettinelli, G. Dossena, A. Fayolle (Hrsg.): Family Entrepreneurship: Rethinking the Research Agenda. Routledge, New York, S. 14-46.

A.-K. Achleitner, E. Lutz, S. Schraml (2012)*: Influence of Internal Factors on the Use of Equity- and Mezzanine-Based Financing in Family Firms, In: Oxford Handbook of Entrepreneurial Finance, hrsg. von D. J. Cumming, S. 192-226.

A.-K. Achleitner, E. Nathusius, K. Herman, J. Lerner (2008): European private equity cases: Introduction, In: Globalization of Alternative Investments Working Papers Volume 1 – The Global Economic Impact of Private Equity Report 2008, hrsg. von World Economic Forum, Cologny/Geneva 2008, S. 87-90.

A.-K. Achleitner, E. Nathusius, K. Herman, J. Lerner (2008): Messer Griesheim, In: Globalization of Alternative Investments Working Papers Volume 1 – The Global Economic Impact of Private Equity Report 2008, hrsg. von World Economic Forum, Cologny/Geneva 2008, S. 91-102.

A.-K. Achleitner, E. Nathusius, K. Herman, J. Lerner (2008): New Look, In: Globalization of Alternative Investments Working Papers Volume 1 – The Global Economic Impact of Private Equity Report 2008, hrsg. von World Economic Forum, Cologny/Geneva 2008, S. 103-111.

A.-K. Achleitner, E. Nathusius (2007): Beschäftigungseffekte von Private-Equity-Finanzierungen – eine komplexe Forschungsfrage, In: Financial Yearbook Germany 2008, hrsg. von T. Anderer, Augsburg 2007 (auf deutsch und englisch veröffentlicht), S. 97-102.

A.-K. Achleitner, C. Kaserer, C. von Einem, D. Schiereck (2007): Private Equity in Deutschland – Rahmenbedingungen, ökonomische Bedeutung und Handlungsempfehlungen (mit Beiträgen von M. Ampenberger, M. Bender, I. Buermeyer, A. Geidner, H. Lahr, M. Mietzner, E. Nathusius), Norderstedt 2007.

E. Nathusius (2005): Co-Investments bei Venture-Capital-Finanzierungen. In: Handbuch Corporate Finance, 2. Auflage, hrsg. von A.-K. Achleitner und G. Thoma, Juni 2005, Kapitel 5.6.6., S. 1-36.

Articles and contributions in other journals, newspapers and publications

A.-K. Achleitner, E. Nathusius (2003): Syndizierung von Venture-Capital-Deals, In: Entrepreneur des Jahres - NEWS, Heft 2, August 2003, S. 8.

E. Nathusius (2003): Motives for syndicating venture capital deals, In: ENN EVCA Network News, Nr. 8, Mai 2003, S. 13.

Encyclopedic contributions 

E. Nathusius (2008): Intangibles Company, Real Option Approach, Sweat Equity, Venture Valuation, In: Encyclopedia of Alternative Investments, hrsg. von G.N. Gregoriou, Boca Raton 2008.

E. Nathusius (2004): Business Angel, Ersatzinvestition, Erweiterungsinvestition, Rationalisierungsinvestition, In: Lexikon der Betriebswirtschaft, hrsg. von W. Lück, 6. Auflage, München 2004.

Case Studies

G. George, E. Nathusius (2007): European Venture Capital Market: Scaling Beyond Current Boundaries, EVCA Special Paper, Brüssel 2007.

Working Papers

M. Henn, E. Lutz (2017): Gleich und gleich gesellt sich gern? Einflussgrößen auf die Kompetenzwahrnehmung von Private-Equity-Managern, Working Paper, Heinrich-Heine-Universität Düsseldorf.

M. Henn, E. Lutz (2017): Family First, Business Second? Investment Decisions of Family Firms in Mergers & Acquisitions, Working Paper, Heinrich-Heine-Universität Düsseldorf.

H. Hottenrott, E. Lins, E. Lutz (2017): When Do Subsidies Facilitate Access to Financial Debt? An Examination of Regional, National and Supranational Grants, Working Paper, Technische Universität München / Heinrich-Heine-Universität Düsseldorf.

E. Lins, E. Lutz (2017): The Investment Challenge of Financial Debt: Survival Dynamics of New Technolgoy-Based Firms, Working Paper, Heinrich-Heine-Universität Düsseldorf.

Teaching Cases

B. Scheck, E. Lutz (2016): Atempo – Financing Options for Social Enterprises (A), Universität Hamburg, Heinrich-Heine-Universität Düsseldorf.

B. Scheck, E. Lutz (2016): Atempo – Financing Options for Social Enterprises (B), Universität Hamburg, Heinrich-Heine-Universität Düsseldorf. 

B. Scheck, E. Lutz (2016): Atempo Teaching Note, Financing Options for Social Enterprises (A) & (B), Universität Hamburg, Heinrich-Heine-Universität Düsseldorf. 

E. Lutz, E. Talmor, M. Hesse (2016): Astropep Pharmaceutical GmbH, Heinrich-Heine-Universität Düsseldorf, London Business School. 

J. Lerner, E. Lutz, K. Herman (2012): Messer Griesheim (A) (Abridged), Harvard Business School Case No. 813-018, Boston 2012.

J. Lerner, E. Lutz (2012): Messer Griesheim (A) (Abridged) and (B) Teaching Note, Harvard Business School Teaching Note No. 5-813-051, Boston 2012.

A.-K. Achleitner, C. Figge, E. Lutz (2012): Brenntag: Primary Buyout and Exit Decision of Bain Capital, ecch - The European Case Clearing House, #112-034-1, Technische Universität München, München 2012.

A.-K. Achleitner, C. Figge, E. Lutz (2012): Brenntag: Secondary Buyout to BC Partners and IPO decision (A), ecch - The European Case Clearing House, #112-035-1, Technische Universität München, München 2012.

A.-K. Achleitner, C. Figge, E. Lutz (2012): Brenntag: Secondary Buyout to BC Partners and IPO decision (B), ecch - The European Case Clearing House, #112-036-1, Technische Universität München, München 2012.

A.-K. Achleitner, C. Figge, E. Lutz (2012): Brenntag Teaching Note, ecch - The European Case Clearing House, #112-034-8, Technische Universität München, München 2012.

J. Lerner, A.-K. Achleitner, E. Lutz, K. Herman (2010): Messer Griesheim (A), Harvard Business School Case No. 809-056, Boston 2010.

J. Lerner, A.-K. Achleitner, E. Lutz, K. Herman (2010): Messer Griesheim (B), Harvard Business School Case No. 809-057, Boston 2010.

J. Lerner, A.-K. Achleitner, E. Lutz (2010): Messer Griesheim Teaching Note, Harvard Business School Teaching Note No. 5-810-089, Boston 2010.

 

 

* Publication with alphabetically sorted author lists as corresponding author.

Professorship

Univ.-Prof. Dr. Eva Lutz

Universitätsstr. 1
Building: 23.32
Floor/Room: 00.31
40225 Düsseldorf
Phone +49 211 81-15525
Fax +49 211 81-15516

Visiting time

On appointment.

Secretary's office

Marina Seibert

Building: 23.32
Floor/Room: 00.33
Phone +49 211 81-15524
Fax +49 211 81-15516

Visiting time

Mon-Thu 9.30am -11:30pm

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