Christian Laux

Vienna University of Economics and Business

Welthandelsplatz 1

Vienna, Wien 1020

Austria

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 498

SSRN RANKINGS

Top 498

in Total Papers Downloads

31,013

CITATIONS
Rank 3,448

SSRN RANKINGS

Top 3,448

in Total Papers Citations

157

Scholarly Papers (23)

1.

The Crisis of Fair Value Accounting: Making Sense of the Recent Debate

Chicago Booth Research Paper No. 33, Accounting, Organizations and Society, Vol. 34, 2009
Number of pages: 28 Posted: 21 Apr 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 12,227 (174)
Citation 62

Abstract:

Mark-to-market, Fair value accounting, Financial institutions, Liquidity, Financial crisis, Banks, Procyclicality

Did Fair-Value Accounting Contribute to the Financial Crisis?

Chicago Booth Research Paper 09-38, ECGI - Finance Working Paper No. 266/2009, Journal of Economic Perspectives, Forthcoming
Number of pages: 48 Posted: 15 Oct 2009 Last Revised: 15 Dec 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 9,694 (302)
Citation 46

Abstract:

Mark-to-market accounting, Financial institutions, Liquidity, Financial crisis, Banks, Financial regulation, Procyclicality, Contagion

Did Fair-Value Accounting Contribute to the Financial Crisis?

NBER Working Paper No. w15515
Number of pages: 43 Posted: 17 Nov 2009
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 82 (242,819)
Citation 46

Abstract:

Did Fair-Value Accounting Contribute to the Financial Crisis?

Journal of Economic Perspectives, Vol. 24, pp. 93-118, Winter 2010
Posted: 22 Mar 2010
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business

Abstract:

Mark-to-market accounting, Financial institutions, Liquidity, Financial crisis, Banks, Financial regulation, Procyclicality, Contagion

Board Committees, CEO Compensation, and Earnings Management

Number of pages: 43 Posted: 03 Mar 2008 Last Revised: 04 Mar 2008
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin - McCombs School of Business
Downloads 2,193 (4,315)
Citation 14

Abstract:

Corporate Governance, Executive Compensation, Earnings Management, Board Oversight

Board Committees, CEO Compensation, and Earnings Management

Accounting Review, Vol. 84, No. 3, 2009
Posted: 13 Nov 2008 Last Revised: 20 May 2009
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin - McCombs School of Business

Abstract:

corporate governance, executive compensation, earnings management, board oversight

4.

Financial Instruments, Financial Reporting, and Financial Stability

Number of pages: 35 Posted: 26 Jan 2012 Last Revised: 30 Mar 2012
Christian Laux
Vienna University of Economics and Business
Downloads 745 (19,855)

Abstract:

Mark-to-market, fair-value accounting, procyclicality, financial regulation, financial crisis, financial institutions, banks

5.

Incentives in Internal Capital Markets: Capital Constraints, Competition, and Investment Opportunities

EFA 2002 Berlin Meetings Presented Paper
Number of pages: 37 Posted: 02 Feb 2001
Roman Inderst and Christian Laux
Goethe University Frankfurt and Vienna University of Economics and Business
Downloads 667 (27,474)
Citation 21

Abstract:

capital allocation, conglomerate discount

6.

Delegated Information Acquisition and Capital Budgeting: On the Separation of Project Evaluation and Project Management

GEABA - Discussion Paper No. 00-03
Number of pages: 28 Posted: 06 May 2002
Christian Laux
Vienna University of Economics and Business
Downloads 534 (38,650)
Citation 2

Abstract:

capital budgeting, information acquisition, task assignment

7.

Procyclicality of US Bank Leverage

Number of pages: 63 Posted: 17 Mar 2014 Last Revised: 21 Dec 2016
Christian Laux and Thomas Rauter
Vienna University of Economics and Business and WU (Vienna University of Economics and Business)
Downloads 441 (44,174)

Abstract:

Banks; Fair Value Accounting; Financial Crisis; Leverage; Procyclicality; Risk-Based Capital Regulation

Catastrophe Bonds and Reinsurance: The Competitive Effect of Information-Insensitive Triggers

Number of pages: 39 Posted: 28 Feb 2005 Last Revised: 08 Sep 2009
Silke N. Finken and Christian Laux
DZ Bank AG and Vienna University of Economics and Business
Downloads 367 (61,860)
Citation 6

Abstract:

cat bonds, risk transfer, parametric trigger, adverse selection

Catastrophe Bonds and Reinsurance: The Competitive Effect of Information-Insensitive Triggers

Journal of Risk and Insurance, Vol. 76, Issue 3, pp. 579-605, September 2009
Number of pages: 27 Posted: 13 Oct 2009
Silke N. Finken and Christian Laux
DZ Bank AG and Vienna University of Economics and Business
Downloads 1 (549,135)
Citation 6

Abstract:

Understanding Bank Payouts During the Crisis of 2007-2009

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 480/2016, TILEC Discussion Paper No. 2016-019
Number of pages: 73 Posted: 24 Jun 2015 Last Revised: 07 Sep 2016
Peter Cziraki, Christian Laux and Gyongyi Loranth
University of Toronto - Department of Economics, Vienna University of Economics and Business and University of Vienna
Downloads 361 (63,042)

Abstract:

dividends, total payout, financial crisis, insider trading

Understanding Bank Payouts During the Crisis of 2007-2009

CEPR Discussion Paper No. DP11453
Number of pages: 70 Posted: 30 Aug 2016
Peter Cziraki, Christian Laux and Gyongyi Loranth
University of Toronto - Department of Economics, Vienna University of Economics and Business and University of Vienna
Downloads 1 (549,135)

Abstract:

dividends, financial crisis, insider trading, total payout

Performance Measurement and Information Production

Number of pages: 20 Posted: 03 Dec 2004
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin - McCombs School of Business
Downloads 346 (66,312)

Abstract:

Performance measurement, information acquisition

Performance Measurement and Information Production

Journal of Institutional and Theoretical Economics, Vol. 162, 2006
Posted: 26 Mar 2006 Last Revised: 31 Dec 2008
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin - McCombs School of Business

Abstract:

Performance measurement, information acquisition

11.

Financial Reporting, Financial Regulation, and Financial Stability: Evidence from German Bank Failures in 2007-2008

Number of pages: 37 Posted: 24 Mar 2013 Last Revised: 14 Jul 2015
Oana Maria Georgescu and Christian Laux
European Central Bank (ECB) and Vienna University of Economics and Business
Downloads 292 (63,865)

Abstract:

Mark-to-market, Fair value accounting, Financial institutions, Financial crisis, Procyclicality

12.

Disclosure, Transparency, and Market Discipline

Number of pages: 42 Posted: 25 Nov 2011
Xavier Freixas and Christian Laux
Universitat Pompeu Fabra and Vienna University of Economics and Business
Downloads 278 (72,463)
Citation 4

Abstract:

Mark-to-market, fair-value accounting, credit rating agencies, financial crisis, regulation, financial institutions, banks

13.

One Signal, Two Opinions: Strategic Heterogeneity of Analysts' Forecasts

Number of pages: 24 Posted: 07 Feb 2000
Christian Laux and Daniel A. Probst
Vienna University of Economics and Business and University of Mannheim - Department of Economics
Downloads 226 (105,516)
Citation 1

Abstract:

Cross-Selling Lending and Underwriting: Scope Economies and Incentives

EFA 2007 Ljubljana Meetings Paper
Number of pages: 34 Posted: 05 Mar 2007 Last Revised: 04 Oct 2008
Christian Laux and Uwe Walz
Vienna University of Economics and Business and Goethe University Frankfurt - Institute of Economics
Downloads 223 (107,432)

Abstract:

cross-selling, investment banking, universal banking

Cross-Selling Lending and Underwriting: Scope Economies and Incentives

Review of Finance, Vol. 13, Issue 2, pp. 341-367, 2009
Posted: 21 Apr 2009
Christian Laux and Uwe Walz
Vienna University of Economics and Business and Goethe University Frankfurt - Institute of Economics

Abstract:

G21, G24, D49

15.

The Adverse Effect of Internal Control on Governance and Leverage

Saïd Business School WP 2014-2,
Number of pages: 29 Posted: 22 Feb 2014 Last Revised: 18 Feb 2017
Christian Laux, Gyongyi Loranth and Alan D. Morrison
Vienna University of Economics and Business, University of Vienna and University of Oxford - Said Business School
Downloads 222 (78,005)

Abstract:

Internal Control, Internal Audit, Corporate Governance, Capital Structure, Leverage

16.

Financing Risk Transfer under Governance Problems: Mutual versus Stock Insurers

Number of pages: 39 Posted: 16 Jun 2006 Last Revised: 04 Sep 2009
Christian Laux and Alexander Muermann
Vienna University of Economics and Business and WU (Vienna University of Economics and Business)
Downloads 176 (126,457)
Citation 1

Abstract:

ownership structure, insurance, owner-manager conflict, capital, default

17.

Corporate Insurance Design with Multiple Risks and Moral Hazard

Number of pages: 18 Posted: 20 Jun 2009
Christian Laux
Vienna University of Economics and Business
Downloads 71 (253,895)

Abstract:

G22, D82

18.

Regulating Bank CEO Compensation and Active Boards

Forthcoming in the Review of Finance
Number of pages: 55 Posted: 17 Jun 2014 Last Revised: 13 Aug 2016
Julian Kolm, Christian Laux and Gyongyi Loranth
Vienna University of Economics and Business - Department of Finance, Accounting & Statistics, Vienna University of Economics and Business and University of Vienna
Downloads 59 (204,707)

Abstract:

Bank regulation, CEO compensation, bank strategy, risk shifting, board intervention

19.

Insuring Non-Verifiable Losses

Review of Finance, Forthcoming
Number of pages: 39 Posted: 20 Nov 2010 Last Revised: 30 Oct 2013
Neil A. Doherty, Christian Laux and Alexander Muermann
University of Pennsylvania - Insurance & Risk Management Department, Vienna University of Economics and Business and WU (Vienna University of Economics and Business)
Downloads 54 (284,142)

Abstract:

Deductible Insurance, Upper Limit, Implicit Insurance Contracts, Insurance Brokers

20.

Bank Regulation, CEO Compensation, and Boards

CEPR Discussion Paper No. DP11380
Number of pages: 57 Posted: 11 Jul 2016
Julian Kolm, Christian Laux and Gyongyi Loranth
Vienna University of Economics and Business - Department of Finance, Accounting & Statistics, Vienna University of Economics and Business and University of Vienna
Downloads 0 (531,832)

Abstract:

Bank Regulation; Executive Compensation; Corporate Governance

21.

The Adverse Effect of Information on Governance and Leverage

CEPR Discussion Paper No. DP11345
Number of pages: 44 Posted: 27 Jun 2016
Christian Laux, Gyongyi Loranth and Alan D. Morrison
Vienna University of Economics and Business, University of Vienna and University of Oxford - Said Business School
Downloads 0 (531,832)

Abstract:

22.

Limited Liability and Incentive Contracting with Multiple Projects

RAND Journal of Economics, Vol. 32, No. 3
Posted: 04 Sep 2001
Christian Laux
Vienna University of Economics and Business

Abstract:

23.

Project Specific External Financing and Headquarters Monitoring Incentives

Journal of Law, Economics, and Organization, Vol. 17, No. 2, pp. 397-412, 2001
Posted: 23 Jul 2001
Christian Laux
Vienna University of Economics and Business

Abstract: