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Affiliated Researchers

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Dr. Marco Sperling


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  • Research

    Recent Publications

    Rapp, Marc S. and Sperling, Marco (2021) “Der Deutsche Corporate Governance Kodex als standardisierte Form der Corporate-Governance-Berichterstattung in der Finanzkommunikation”, in: “Handbuch Investor Relations und Finanzkommunikation“ (edited by Hoffmann, Schiereck & Zerfaß). Springer Verlag

    Key Publications

    -           Fehre, Kerstin; Rapp, Marc S.; Schwetzler, Bernhard and Sperling, Marco (2011) “The disappearing Deutschland AG – An analysis of blockholdings in German large caps”, Problems and Perspectives in Management, 9(4), pp. 46-58

    -           Kengelbach, Jens; Klemmer, Dominic; Schwetzler, Bernhard and Sperling, Marco (2012) “An anatomy of serial acquirers, M&A learning, and the role of post-merger integration”, DGF 2012 Paper.

    -           Kengelbach, Jens; Schwetzler, Bernhard and Sperling, Marco (2010) “The impact of proximity on the performance of M&A transactions”, Journal of General Management, 35(3), pp. 81-97

    -           Rapp, Marc S.; Sperling, Marco und Wolff, Michael (2010) “Wer fragt die Aktionäre? - Abstimmung über das Vorstandsvergütungssystem: Erfahrungen aus der HV-Saison 2010”, SSRN Working Paper.

    -           Pronobis, Paul; Schwetzler, Bernhard; Sperling, Marco and Zülch, Henning (2009) “The development of earnings quality in Germany”, Corporate Ownership and Control, 7(1), pp. 434-455

    -           Schwetzler, Bernhard and Sperling, Marco (2008) “Corporate governance and the dynamics of ownership of German firms between 1997 and 2007”, Corporate Ownership and Control, 6(2), pp. 25-32

    Other Publications and Working Papers

    -           De Boer, Enno; Brinkhoff, Andreas and Sperling, Marco (2014) “S&OP reloaded: Making S&OP the core strategic weapon in supply chain”, in: Alicke, Knut; Ebel, Thomas; Schrader, Ulf; Shah, Ketan (2014) “Finding Opportunity in Uncertainty” pp. 162-173

    -           Ebel, Thomas; Schmitt, Amanda and Sperling, Marco (2014) “Less is more: Reducing inventory without sacrificing service”, in: Alicke, Knut; Ebel, Thomas; Schrader, Ulf; Shah, Ketan (2014) “Finding Opportunity in Uncertainty” pp. 164-185

    -           Kengelbach, Jens; Klemmer, Dominic; Roos, Alexander; Schwetzler, Bernhard and Sperling, Marco (2011) “Does practice make perfect? – How the top serial acquirer create value”, The Boston Consulting Group Corporate Finance Practice Report.

    -           Sperling, Marco (2011) “Does cash burn holes in their pockets? – Cash-rich acquirers & method of payment in M&A”, MFA 2011 Paper.

    -           Pronobis, Paul; Schwetzler, Bernhard; Sperling, Marco and Zülch, Henning (2010) “Trends in der Ergebnisqualität (earnings quality) deutscher Jahresabschlüsse – Teil 1: Quantitativ empirische Unterschung rechnungswesenbasierter Ergebnismaßgrößen”, Corporate Finance biz, 1(2), pp. 93-99

    -           Pronobis, Paul; Schwetzler, Bernhard; Sperling, Marco and Zülch, Henning (2010) “Trends in der Ergebnisqualität (earnings quality) deutscher Jahresabschlüsse – Teil 2: Kapitalmarktrelevanz von Ergebnisgrößen”, Corporate Finance biz, 1(3), pp. 165-169

    -           Schwetzler, Bernhard and Sperling, Marco (2008) “Die Entflechtung der Deutschland AG”, AG – Die Aktiengesellschaft, 21/2008, pp. R468-R470

    -           Schwetzler, Bernhard and Sperling, Marco (2008) “Zur zeitlichen Entwicklung von Corporate Governance-Qualität und Eigentümerstrukturen in Deutschland”, GoingPublic, 10/2008, pp. 58-61

    -           Rapp, Marc S.; Schwetzler, Bernhard and Sperling, Marco (2008) “Who is there when they leave? – an anatomy of block trades in a bank-based economy”, GEABA Discussion Paper 08-14, 37 pages

    Case Studies

    -           Sperling, Marco and Wilms, Andreas (2008) “Newood, Inc”, Case study in Entrepreneurial Fin­ance and Accounting

    -           Sperling, Marco and Sperling, Anna (2018) “Disneyland Tokyo”, Case study in Finance

  • Key Industry Experience

    o   Working in Technology, Media & Technology (TMT) and Principal Investor & Private Equity (PIPE) area focusing on Software, Digital and Data-Based Business

    o   Conducted numerous (buy- and sell-side) due diligences on (cloud-based) software assets, B2B, and B2C applications for private equity, media, and industrial goods clients

    o   Designed a data strategy (incl. AI use case clusters) and approach for becoming leader in IoT for technology conglomerates

    o   Led large-scale digitalization project utilizing Advanced Analytics & AI for industrial & professional service firms

    o   Developed SaaS transformation strategy incl. full potential assessment for SW players 
Evaluated market entry options in away from the core areas (e.g., digital health and electronic gaming sector) for Telco players 


  • Curriculum Vitae

    Key positions

    o   BCG – The Boston Consulting Group (Principal)

    o   ProSiebenSat.1 (Growth Partner)

    o   Rocket Internet (Global Venture Development Director)

    o   McKinsey & Company (Project Manager)

    Education

    o   Leipzig Graduate School of Management (PhD in Finance)

    o   London Business School, London School of Economics

    o   Humboldt Universität zu Berlin (M.Sc. equivalent)

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Dr. Iuliia Udoieva

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  • Research

    Key Publications

    -           Rapp, Marc S. and Udoieva, Iuliia (2018) “What matters in the finance–growth nexus of advanced economies? Evidence from OECD countries”, Applied Economics, 50(6), pp. 676-690

    Other Publications and Working Papers

    -           Koman, Matjaz; Rapp, Marc S. and Udoieva, Iuliia (2021) “Labor market rigidity and employment: Firm-level evidence”, Working Paper.

    -           Blume, Kai Henning; Mavropulo, Olena; Rapp, Marc S. and Udoieva, Iuliia (2020) “The value of national culture to firms’ culture of value creation: Leadership as a cultural determinant of the adoption of value based management systems”, EAA 2020 Paper.

    -           Kononova, Marina; Rapp, Marc S. and Udoieva, Iuliia (2020) “Improving bargaining power or putting safety first? Ownership structure and the effect of labor market regulation on leverage”, VHB 2020 Paper.

    -           Mavropulo, Olena; Rapp, Marc S. and Udoieva, Iuliia (2020) “Value based management control systems and the dynamics of working capital management: Empirical evidence”, ACMAR 2020 Paper.

    -           Rapp, Marc S. and Udoieva, Iuliia (2020) “Board level employee representation and operating flexibility: Evidence from the German Codetermination Act of 1976”, Working Paper.

    -           Udoieva, Iuliia (2020) “Value-based management control systems and capital structure choice”, Working Paper.

    -           Rapp, Marc S. and Udoieva, Iuliia (2017) “Corporate governance and its impact on R&D investment in emerging markets”, Emerging Markets Finance and Trade, 53(10), pp. 2159-2178.

  • Key Industry Experience

    o   Implementing strategic realignment initiatives & designing target operating models

    o   Optimizing credit processes in corporate banking

    o   Developing digital transformation models for banks and financial services institutions

    o   Industry focus: Financial Services

  • Curriculum Vitae

    Current Position

    o   Horn & Company (Consultant)

    Education

    o   Philipps University of Marburg (PhD in Economics)

    o   Philipps University of Marburg (M.Sc. in Business Administration)

    o   Kyiv National Economic University (M.Sc. in International Economics)