Jump to contentJump to search

Prof. Dr. Eva Lutz


Contact

Photo of

Professorship

Univ.-Prof. Dr. Eva Lutz
Universitätsstr. 1
Building: 24.31
Floor/Room: 02.27
40225 Düsseldorf
+49 211 81-15525
+49 211 81-15516
Office Hours

By prior appointment.


Curriculum Vitae

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.


Last updated: 8th    Febuary  2021

Publications

Monographs

  • Wettbewerbsfähigkeit von Start-ups - Erfolgreiche Düsseldorfer Unternehmen, Düsseldorf 2020 (as editor with pp. Süß).

  • Syndizierte Venture-Capital-Finanzierung, Sternenfels 2005.

  • Venture Valuation – Bewertung von Wachstumsunternehmen, Stuttgart 2004 (with A.-K. Achleitner).

Articles in peer-reviewed scientific journals

2021

  • C. von Selasinsky, E. Lutz (2021): The Effects of Pro-Social and Pro-Environmental Orientation on Crowdfunding Performance, In: Sustainability, Volume 13 Issue 11

  • C. Granz, E. Lutz, M. Henn (2021): Scout or Coach? Value-added services as selection criteria in entrepreneurs’ venture capitalist selection, In: Venture Capital: An International Journal of Entrepreneurial Finance,  Vol. 23, Issue 1.

  • Bergfeld, A., Plagmann, C., and Lutz, E. (2021). Know your counterparts: The importance of wording for stakeholder communication in social franchise enterprises. Voluntas: International Journal of Voluntary and Nonprofit Organizations,  accepted.

2020

  • B. Schierstedt, M. Henn, E. Lutz (2020): Diversified acquisitions in family firms: Restricted vs. extended family priorities, In: Journal of Family Business Strategy, Vol. 11, No. 2, article number 100357.

  • N. Brüne, E. Lutz (2020): The effect of entrepreneurship education in schools on entrepreneurial outcomes: a systematic review, In: Management Review Quarterly, Vol. 70, No. 5, pp. 275–305.

  • A. Bergfeld, E. Lutz, B. Scheck (2020): Social Franchising: A Transitional Solution for Scaling Up Social Entrepreneurial Organizations?, In: International Journal of Entrepreneurial Venturing, Vol. 12, No. 1, pp. 17-38.

2019

  • C. Plagmann, E. Lutz (2019): Beggars or  Choosers? Lead Venture capitalists and the impact of reputation on syndicate partner selection in international settings, In: Journal of Banking and Finance, Vol.100, pp. 359-378.

  • 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, Vol.11, No. 3, pp. 231-257.

2018

  • 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, Vol. 27, No. 8, pp. 786-808.

  • E. Lins, K.J. Fietkiewicz, E. Lutz (2018): Effects of Impression Management Tactics on Crowdfunding Success, In: International Journal of Entrepreneurial Venturing, Vol. 10, No. 5, pp. 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), Vol. 70, No. 5, pp. 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, Vol. 88, No. 3-4 (May 2018), pp. 363-392.

2017

  • E. Lins, E. Lutz (2017): Family Involvement as a Catalyst for Female Opportunity Recognition, In: International Journal of Entrepreneurship and Small Business, Vol. 31, No. 2, pp. 270–287.

  • M. Henn, E. Lutz (2017): Private Equity in Family Firms: Drivers of the Willingness to Cede Control, In: Journal of Entrepreneurial Finance, Vol. 18, No. 2, pp. 1-28.

2016

  • M. Hesse, E. Lutz, E. Talmor (2016): Liquidity Runway and Horizon of Disappointment: Business Model of Venture Lending, In: Journal of Alternative Investments, Vol. 19, No. 2, pp. 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, Vol. 40, No. 5 (September 2016), pp. 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, Vol. 27, No. 2/3, pp. 347-365.

2015

  • A. Moritz, J.H. Block, E. Lutz (2015): Investor Communication in Equity-Based Crowdfunding: a Qualitative-Empirical Study, In: Qualitative Research in Financial Markets, Vol. 7, No. 3, pp. 309-342.

  • J. Mair, J. Mayer, E. Lutz (2015): Navigating Institutional Plurality: Organizational Governance in Hybrid Organizations, In: Organization Studies, Vol. 36, No. 6, pp. 713-739.

2014

  • A.-K. Achleitner, R. Braun, E. Lutz, U. Reiner (2014): Industry Relatedness in Trade Sales and Venture Capital Investment Returns, In: Small Business Economics, Vol. 43, No. 3, pp. 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,
    Vol. 6, No. 3, pp. 278-301.

2013

  • 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, Vol. 66,
    No. 11, pp. 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, Vol. 24, No. 1, pp. 93-124.

  • E. Lutz, G. George (2012): Venture capitalists’ role in new venture internationalization, In: The Journal of Private Equity, Vol. 16, No. 1, pp. 26-41.

2012

  • A.-K. Achleitner, O. Bauer, C. Figge, E. Lutz (2012): The Case for Secondary Buyouts as Exit Channel, In: Journal of Applied Corporate Finance, Vol. 24, No. 4, pp. 102-111.

  • E. Lutz, pp. Schraml (2012): Family Firms: Should They Hire an Outside CFO?, In: Journal of Busines Strategy, Vol. 33, No. 1, pp. 39-44.

2010

  • 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, Vol. 13, No. 3, pp. 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, Vol. 31, No. 3, pp. 38-49.

  • A.-K. Achleitner, E. Lutz, pp. Schraml (2010)*: Quantitative Valuation of Platform Technology Based Entrepreneurial Companies, In: International Journal of Entrepreuneurial Venturing (IJEV), Vol. 1, No. 4, pp. 352-366.

2009 and earlier

  • 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, No. 5, pp. 53-81.

  • A.-K. Achleitner, pp. Jarchow, E. Nathusius, pp. Schraml (2008): Bericht zu „Management und Bewertung von IP-basierten Unternehmen“, In: GRUR International, Vol. 57, No. 7, pp. 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), Vol. 57, No. 4, pp. 333-347.

Articles in  edited  volumes

2019

  • M. Henn, E. Lutz (2019): Crowdfunding als Finanzierungsinstrument für junge Unternehmen, in:  T. Kollmann (Ed.): Handbuch Digitale Wirtschaft. Springer Gabler, pp. 1-11.

  • C. Granz, M. Henn, E. Lutz (2019): Research on Venture Capitalists' and Business Angels' Investment Criteria – A Systematic Literature Review, In: J. Block, pp. 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.

2016

  • pp. 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, pp. 14-46.

2012

  • A.-K. Achleitner, E. Lutz, pp. 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, pp. 192-226.

2008  and earlier

  • 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, pp. 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, pp. 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, pp. 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), pp. 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., pp. 1-36.

Teaching Cases

2016

  • 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.

2012

  • 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.

2010

  • 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.

Responsible for the content: