• Academic Title: Doctorate in Finance
• Grade: Associate Professor
• Field of expertise: Finance
• Teaching Department: Law, Accounting, Finance
• E-mail: a.groh [*at*] supco-montpellier.fr  
• Tel.: +33 4 67 10 28 26

Diploma

• 2004: PhD in Finance (Darmstadt University of Technology, Germany)
• 1998: Joint Master's degree in Business Administration (specialization in Finance) and Mechanical Engineering (Darmstadt University of Technology, Germany).
• 1993: Joint Bachelor degree in Business Administration and Mechanical Engineering (Darmstadt University of Technology, Germany).

Bio

Alexander Groh, Associate Professor for Corporate Finance, joined GSCM in April 2007. His research activities include valuation issues, performance measurement and socioeconomic requirements for the development of risk capital (Venture Capital and Private Equity) markets. Before he joined GSCM, he had a one year Visiting Professorship at IESE Business School Barcelona, University of Navarra (Spain) and a one year Visiting Professorship at INSEAD (France). Prior to that he held a position as Assistant Professor for Corporate Finance and Entrepreneurial Finance at Darmstadt University of Technology (Germany). Alexander authored three comprehensive textbooks on a master’s level on corporate finance and entrepreneurial finance, one book on Venture Capital and Private Equity, several chapters in books and some journal articles. He is involved in training courses for Venture Capital and Private Equity fund managers, and has long lasting and profound university teaching experience as well as professional experience in the finance sector. He is member of the GSCM Research center (CEROM).

Publications

Peer reviewed journals

• Groh A., Von Liechtenstein H. & Lieser K. Forthcoming. The European venture capital and private equity country attractiveness indices. Journal of Corporate Finance.

• Groh A., Forthcoming. The valuation of tax shields induced by asset step-ups in corporate acquisitions. Tobin Review of Business.

• Groh A., Forthcoming. Limited Partners' Perceptions of the Central Eastern European Venture Capital and Private Equity Market. The Journal of Alternative Investments.

• Groh A. & von Liechtenstein H. 2009. How attractive is central Eastern Europe for risk capital investors? Journal of International Money and Finance, 28: 625-647.

• Gurau C. & Groh A. 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 [Special issue: ‘High-Tech Entrepreneurship'], 7(3): 347-366.

• Groh A., Baule R. & Gottschalg 0. 2008. Measuring idiosyncratic risks in leveraged buyout transactions. Quarterly Journal of Finance and Accounting [Special issue: ‘Financing Costs, Earnings Management and Risks: Debt and Equity Markets'], 47(4): 5-24.

• Groh A. & Gottschalg O. 2005. Venture capital and private equity from an economist`s point of view. Zeitschrift für das gesamte Kreditwesen, 58(1): 26-29.

• Groh A. 2001. Online-brokerage: adding value with risk management systems. Bank und Markt, 30(3): 30-34.

PhD Thesis & Books

• Groh A. 2004. Risk adjusted performance measures of private equity investments. PhD Thesis, Darmstadt University of Technology.

• Groh A. 2004. Risk and performance of venture capital and private equity investments. Wiesbaden, Gabler.

• Betsch O., Groh A. & Lohmann L. 2000. Corporate finance. 2nd Edition, München, Vahlen.

• Betsch O., Groh A. & Schmidt K. 2000. Financing startup and growth. München, Oldenbourg.

• Betsch O., Groh A. & Lohmann L. 1998. Corporate finance. 1st Edition, München, Vahlen. 

   

Book Chapters

• Groh A. & Römer M. 2007. Commercial and strategic due diligence. In F. E. Andreas & D. Beisel (Eds.), Due diligence handbook: 270-315. München, Beck.

• Groh A. 2002. Valuer++ - a tool for financial analysis of strategic investments. In H. J. Wurl (Ed.), Controlling of strategic investments: 77-99. Stuttgart, Schaeffer/Poeschel.

• Groh A. & Fendel A. 2002. Private equity for long term growth. In Booz Allen Hamilton (Eds.), Strategic corporate finance: 90-123. Frankfurt am Main, Ueberreuter.

• Groh A. & Römer M. 2002. Private equity and leveraged buyouts. In J. Richard & S. Weinheimer (Eds.), Going private handbook: 143-170. Heidelberg, Wirtschaft und RechtH1.

Conference Papers

• Groh A., Baule R. & Gottschalg O. 2007. Measuring idiosyncratic risks in leveraged buyout transactions. Southern Finance Association 2007 Meeting, November 15th 2007, Charleston, South Carolina, USA.

• Groh A., Liechtenstein H. & Lieser K. 2007. The attractiveness of Central Eastern European countries for venture capital and private equity investors. Kauffman Symposium on Entrepreneurship and Innovation Data, November 2nd, Kansas City, Missouri, USA.

• Groh A. & Gottschalg O. 2007. The risk-adjusted performance of US buyouts. NBER conference on Private Equity, October 5th, Cambridge, Massachusetts, USA.

• Groh A., Baule, R. & Gottschalg, O. 2007. Measuring idiosyncratic risks in leveraged buyout transactions. Annual Meeting of the German Finance Association, September 25th, Dresden, Germany.

• Groh A., Liechtenstein H. & Canela M. 2007. Allocation determinants of institutional investments in venture capital and private equity limited partnerships in Central Eastern Europe. Financial Services Institute's Symposium, September 14th, New York City, USA.

• Groh A., Liechtenstein H. & Lieser K. 2007. The attractiveness of Central Eastern European countries for venture capital and private equity investors. Financial Services Institute's Symposium, September 14th, New York City, USA.

• Groh A., Liechtenstein H. & Lieser K. 2007. The attractiveness of Central Eastern European countries for venture capital and private equity investors. Annual Conference of the French Finance Association, June 27th, Bordeaux, France.

• Groh A. & Gottschalg O. 2007. The risk-adjusted performance of US buyouts. Western Finance Association Conference, June 28th, Big Sky Resort, Montana, USA.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Annual Meeting of the Financial Management Association, October 12th, Salt Lake City, Utah, USA.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. 4th Portuguese Finance Network International Conference, July 7th, Porto, Portugal.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Annual Meeting of the European Financial Management Association, June 28th, Madrid, Spain.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Annual Conference of the French Finance Association, June 23rd, Poitiers, France.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. 23rdInternational Symposium on Money, Banking, and Finance, June 15th 2006, Lille, France.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. 30th Anniversary of the Journal of Banking and Finance Conference, June 5th, Beijing, China.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Global Finance Conference, April 18th, Rio de Janeiro, Brasil.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Journal of Corporate Finance Special Issue Conference on Private Equity, LBOs, and Governance, April 8th, Albany, New York, USA.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Gutmann Center Symposium on Real Assets and Portfolio Management, March 11th, Vienna, Austria.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. 5th Workshop on Financial Markets, January 17th, Cologne, Germany.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. Campus for Finance Conference, January 11th, Vallendar, Germany.

• Groh A. & Gottschalg O. 2006. The risk-adjusted performance of US buyouts. 10th Symposium on Finance, Banking, and Insurance, December 14th, Karlsruhe, Germany.

• Groh A. & Gottschalg O. 2005. The risk-adjusted performance of US buyouts. 18th Australasian Finance and Banking Conference, December 19th, Sidney, Australia.

• Groh A. & Gottschalg O. 2005. The risk-adjusted performance of US buyouts. XIII Foro de Finanzas, November 5th, Madrid, Spain.

• Groh A. & Gottschalg O. 2005. The risk-adjusted performance of US buyouts. 12th Annual Meeting of the German Finance Association, October 1st, Augsburg, Germany.