Ralf Elsas

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

Kaulbachstr. 45

Munich, DE 80539

Germany

SCHOLARLY PAPERS

21

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10,143

SSRN CITATIONS
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SSRN RANKINGS

Top 11,744

in Total Papers Citations

77

CROSSREF CITATIONS

54

Scholarly Papers (21)

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 1,584 (21,565)
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 1,404 (25,945)
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 IU International University of Applied Sciences
Downloads 841 (53,769)
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 785 (59,042)
Citation 7

Abstract:

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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 627 (78,887)
Citation 34

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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 536 (96,129)

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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 453 (117,765)
Citation 10

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 433 (124,234)
Citation 14

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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 428 (125,883)
Citation 1

Abstract:

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

10.
Downloads 382 (143,260)
Citation 6

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 339 (162,230)
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 (768,126)
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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 368 (149,431)
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
IU International University of Applied Sciences and Ludwig Maximilian University of Munich (LMU) - Faculty of Business Administration (Munich School of Management)
Downloads 333 (166,626)
Citation 2

Abstract:

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

13.

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 317 (175,556)
Citation 7

Abstract:

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Asset pricing, Stochastic Discount Factor, Default Risk

14.

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 310 (179,721)

Abstract:

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credit ratings, validation, rating , financial distress

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 294 (190,076)

Abstract:

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capital structure, trade-off theory, structural models

16.

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 286 (197,019)

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

17.

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 283 (197,715)
Citation 6

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bank mergers, financial distress, systemic stability

18.

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 193 (285,533)
Citation 2

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

19.

Ambiguity and the Skewness Premium

Number of pages: 57 Posted: 18 Feb 2024
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 153 (349,475)

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Ambiguity, Probability Weighting, Skewness, Asset Pricing

20.

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 133 (390,583)
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