Ralf Elsas

Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)

Kaulbachstr. 45

Munich, DE 80539

Germany

SCHOLARLY PAPERS

20

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Top 7,126

in Total Papers Downloads

8,699

SSRN CITATIONS
Rank 11,770

SSRN RANKINGS

Top 11,770

in Total Papers Citations

37

CROSSREF CITATIONS

65

Scholarly Papers (20)

1.

Beta and Returns Revisited: Evidence from the German Stock Market

Number of pages: 32 Posted: 06 Mar 2000
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Salomon Brothers International Ltd. and University of Mannheim - Finance Area
Downloads 1,474 (17,618)
Citation 13

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2.

Dynamic Capital Structure Adjustment and the Impact of Fractional Dependent Variables

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 66 Posted: 01 Jul 2010 Last Revised: 06 Sep 2013
Ralf Elsas and David Florysiak
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and University of Southern Denmark
Downloads 1,323 (20,744)
Citation 22

Abstract:

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Fractional dependent variables, speed of adjustment, simulation, dynamic panel models, capital structure.

3.

Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues

Zeitschrift für Betriebswirtschaft (Journal of Business Economics), No. 6, pp. 39-71, 2008, Munich School of Management Discussion Paper No. 2008-10
Number of pages: 48 Posted: 06 Jul 2010
Ralf Elsas and David Florysiak
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and University of Southern Denmark
Downloads 750 (46,405)
Citation 1

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Corporate finance, capital structure determinants, dynamic adjustment models

4.

Major Investments, Firm Financing Decisions, and Long-Run Performance

EFA 2004 MAASTRICHT
Number of pages: 43 Posted: 08 Mar 2006
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business
Downloads 744 (46,921)
Citation 5

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firm financing, firm investments, long-run performance

5.

The Anatomy of Bank Diversification

Number of pages: 28 Posted: 09 Mar 2007
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Goethe University Frankfurt - Faculty of Economics and Business Administration and Goethe University Frankfurt - Department of Finance
Downloads 552 (68,911)
Citation 19

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Bank Diversification, Conglomerate Discount, Universal Banking

6.

A New Measure of Financial Constraints Applicable to Private and Public Firms

Journal of Banking and Finance, Forthcoming
Number of pages: 88 Posted: 18 Aug 2015 Last Revised: 21 Jan 2019
Ludwig Maximilians University of Munich - Faculty of Business Administration (Munich School of Management), Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 439 (90,917)

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Financial constraints, Private firms, Survey data, Forecast accuracy, Liquidity events

7.

Financing Major Investments: Information About Capital Structure Decisions

Review of Finance, Forthcoming
Number of pages: 59 Posted: 12 Sep 2011 Last Revised: 15 Jul 2013
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), University of Florida - Department of Finance, Insurance and Real Estate and University of Iowa - Tippie College of Business
Downloads 416 (96,838)
Citation 6

Abstract:

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firm financing, firm investments, capital structure

8.

Multiple But Asymmetric Bank Financing: The Case of Relationship Lending

Number of pages: 42 Posted: 28 Jun 2004
Frank Heinemann, Ralf Elsas and Marcel Tyrell
Berlin Institute of Technology, Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and University of Frankfurt
Downloads 406 (99,640)
Citation 3

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Relationship lending, multiple bank financing, lender coordination

9.

Universal Banks, Corporate Control, and Equity Carve-Outs in Germany

Number of pages: 40 Posted: 21 Aug 2003
Yvonne Loeffler and Ralf Elsas
Humboldt-Universitaet zu Berlin and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 399 (101,588)
Citation 1

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universal banks, equity carve-outs, corporate control, bank monitoring

10.
Downloads 363 (113,136)
Citation 8

Universal Banks and Relationships with Firms

Number of pages: 48 Posted: 17 Oct 2003
Jan Pieter Krahnen and Ralf Elsas
Goethe University Frankfurt and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 320 (128,997)
Citation 2

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Universal Banks and Relationships with Firms

Number of pages: 55 Posted: 26 Feb 2004
Jan Pieter Krahnen and Ralf Elsas
Goethe University Frankfurt and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 43 (555,399)
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Relationship lending, Hausbank, universal banking, corporate finance, corporate governance

11.

Why Do Banks View Themselves as a Relationship Lender?

Number of pages: 36 Posted: 04 Mar 2002
Ralf Elsas
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 348 (118,456)
Citation 1

Abstract:

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Relationship lending, Hausbank, bank competition

12.

Heterogeneity in the Speed of Adjustment Towards Target Leverage

Number of pages: 48 Posted: 26 Mar 2011
David Florysiak and Ralf Elsas
University of Southern Denmark and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 299 (139,298)
Citation 2

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Capital structure, partial adjustment models, speed of adjustment, fractional dependent variables, cross-sectional heterogeneity

13.

Rating Validation Based on Shocks to Firms’ Credit Quality

Number of pages: 31 Posted: 03 Sep 2009 Last Revised: 07 Feb 2012
Ralf Elsas and Sabine Mielert
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and affiliation not provided to SSRN
Downloads 282 (148,021)

Abstract:

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credit ratings, validation, rating , financial distress

14.

Default Risk and Equity Returns: A Comparison of the Bank-Based German and the U.S. Financial System

Number of pages: 29 Posted: 06 Mar 2008 Last Revised: 23 Jul 2009
Christoph M. Breig and Ralf Elsas
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 269 (155,208)
Citation 7

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Asset pricing, Stochastic Discount Factor, Default Risk

15.

From Underleverage to Excess Debt: The Changing Environment of Corporate Debt

Number of pages: 51 Posted: 07 Mar 2012
Nikolas Breitkopf and Ralf Elsas
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 258 (161,900)

Abstract:

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capital structure, trade-off theory, structural models

16.

Preemptive Distress Resolution Through Bank Mergers

Number of pages: 43 Posted: 06 Mar 2007
Ralf Elsas
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 252 (165,741)
Citation 5

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bank mergers, financial distress, systemic stability

17.

How and When Do Firms Adjust Their Investments Toward Targets?

Number of pages: 52 Posted: 04 May 2016 Last Revised: 11 Apr 2017
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and Ludwig Maximilians University of Munich - Faculty of Business Administration (Munich School of Management)
Downloads 104 (344,742)
Citation 1

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Investment behavior, Partial adjustment, Adjustment costs, Survey data, Financial crisis

18.

Robust Inference in Single Firm / Single Event-Analyses

Number of pages: 52 Posted: 06 Feb 2019 Last Revised: 21 Mar 2022
Ralf Elsas and Daniela Stephanie Schoch
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and EMLYON Business School
Downloads 17 (706,210)

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Event studies, Inference, Monte Carlo simulation, Volatility, Structural breaks

19.

Heterogeneity in the Speed of Adjustment Toward Target Leverage

International Review of Finance, Vol. 11, Issue 2, pp. 181-211, 2011
Number of pages: 31 Posted: 12 Jun 2011
Ralf Elsas and David Florysiak
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and University of Southern Denmark
Downloads 4 (820,358)
Citation 2

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20.

Empirical Determinants of Relationship Lending

Posted: 15 May 2004
Ralf Elsas
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)

Abstract:

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Relationship lending, Hausbank, debt market structure