Ralf Elsas

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

Kaulbachstr. 45

Munich, DE 80539

Germany

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

SCHOLARLY PAPERS

21

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11,068

TOTAL CITATIONS
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Top 11,949

in Total Papers Citations

134

Scholarly Papers (21)

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1.

Beta and Returns Revisited: Evidence from the German Stock Market

Number of pages: 32 Posted: 06 Mar 2000
Ralf Elsas, Mahmoud El-Shaer and Erik Theissen
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 1,704 (22,093)
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 IU International University of Applied Sciences
Downloads 1,443 (28,428)
Citation 22

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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 IU International University of Applied Sciences
Downloads 868 (58,751)
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
Ralf Elsas, Mark J. Flannery and Jon A. Garfinkel
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 806 (64,963)
Citation 8

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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
Ralf Elsas, Andreas Hackethal and Markus Holzhäuser
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 724 (74,874)
Citation 38

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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
Catharina Schauer (neé Klepsch), Ralf Elsas and Nikolas Breitkopf
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 595 (96,107)

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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
Ralf Elsas, Mark J. Flannery and Jon A. Garfinkel
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 499 (119,561)
Citation 12

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firm financing, firm investments, capital structure

8.

Payment for Order Flow and Market Quality: A Field Experiment

Number of pages: 37 Posted: 24 Dec 2022 Last Revised: 07 Feb 2023
Ralf Elsas, Lutz Johanning and Erik Theissen
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), WHU - Otto Beisheim School of Management and University of Mannheim - Finance Area
Downloads 448 (136,107)

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Neo-broker, market quality, payment for order flow, field experiment, difference-in- differences

9.

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 447 (136,495)
Citation 15

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Relationship lending, multiple bank financing, lender coordination

10.

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 439 (139,437)
Citation 1

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

11.

Universal Banks and Relationships with Firms

Downloads 388 (160,511)
Citation 2

Universal Banks and Relationships with Firms

Number of pages: 48 Posted: 17 Oct 2003
Jan Pieter Krahnen and Ralf Elsas
SAFE Leibniz Institute for Financial Research and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 345 (181,208)
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
SAFE Leibniz Institute for Financial Research and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 43 (884,204)
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Relationship lending, Hausbank, universal banking, corporate finance, corporate governance

12.

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 382 (163,474)
Citation 1

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Relationship lending, Hausbank, bank competition

13.

Heterogeneity in the Speed of Adjustment Towards Target Leverage

Number of pages: 48 Posted: 26 Mar 2011
David Florysiak and Ralf Elsas
IU International University of Applied Sciences and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 345 (182,831)
Citation 2

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

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 326 (194,293)
Citation 7

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Asset pricing, Stochastic Discount Factor, Default Risk

15.

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 324 (195,528)

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credit ratings, validation, rating , financial distress

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 308 (206,517)
Citation 6

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bank mergers, financial distress, systemic stability

17.

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 307 (207,247)
Citation 2

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capital structure, trade-off theory, structural models

18.

Ambiguity and the Skewness Premium

Number of pages: 83 Posted: 18 Feb 2024 Last Revised: 22 Nov 2024
Ralf Elsas, Johannes Gerd Jaspersen and Valentin Luz
Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management), Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management) and LMU Munich School of Management
Downloads 305 (208,723)

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Ambiguity, Probability Weighting, Skewness, Asset Pricing

19.

Robust Inference in Single Firm / Single Event Analyses

Journal of Corporate Finance, Forthcoming
Number of pages: 60 Posted: 06 Feb 2019 Last Revised: 21 Feb 2023
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 249 (257,002)
Citation 2

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

20.

How and When Do Firms Adjust Their Investments Toward Targets?

Number of pages: 52 Posted: 04 May 2016 Last Revised: 11 Apr 2017
Ralf Elsas and Catharina Schauer (neé Klepsch)
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 161 (384,553)
Citation 2

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

21.

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