Christian Laux

Vienna University of Economics and Business

Welthandelsplatz 1

Vienna, Wien 1020

Austria

Vienna Graduate School of Finance (VGSF)

Welthandelsplatz 1

Vienna, 1020

Austria

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Vienna University of Economics and Business

  • Vienna Graduate School of Finance (VGSF)

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

28

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39,407

TOTAL CITATIONS
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Top 3,399

in Total Papers Citations

275

Scholarly Papers (28)

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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 15,860 (545)
Citation 41

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

2.

Did Fair-Value Accounting Contribute to the Financial Crisis?

Downloads 11,066 ( 1,018)
Citation 65

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 10,904 (1,038)
Citation 20

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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 Last Revised: 25 May 2023
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 162 (381,818)
Citation 45

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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

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

3.

Board Committees, CEO Compensation, and Earnings Management

Downloads 2,513 (11,905)
Citation 53

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
Downloads 2,513 (11,678)
Citation 53

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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

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corporate governance, executive compensation, earnings management, board oversight

4.

Accounting for Financial Stability: Bank Disclosure and Loss Recognition in the Financial Crisis

Downloads 1,257 (34,707)
Citation 12

Accounting for Financial Stability: Bank Disclosure and Loss Recognition in the Financial Crisis

CFS Working Paper, No. 622, 2019, TRR 266 Accounting for Transparency Working Paper Series No. 32
Number of pages: 93 Posted: 10 Jun 2019 Last Revised: 28 Mar 2023
Jannis Bischof, Christian Laux and Christian Leuz
University of Mannheim - Accounting and Taxation, Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 550 (104,596)
Citation 8

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Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting

Accounting for Financial Stability: Bank Disclosure and Loss Recognition in the Financial Crisis

SAFE Working Paper No. 283
Number of pages: 92 Posted: 08 Jul 2020 Last Revised: 08 Jun 2021
Jannis Bischof, Christian Laux and Christian Leuz
University of Mannheim - Accounting and Taxation, Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 506 (115,933)
Citation 2

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Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting

Accounting for Financial Stability: Bank Disclosure and Loss Recognition in the Financial Crisis

Journal of Financial Economics (JFE), Vol. 141, No. 3, 2021
Number of pages: 90 Posted: 09 Aug 2021
Jannis Bischof, Christian Laux and Christian Leuz
University of Mannheim - Accounting and Taxation, Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 201 (313,848)
Citation 2

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Banks, Financial crisis, Financial stability, Disclosure, Loan loss accounting, Expected credit losses, Incurred loss model, Prudential filter, Fair value accounting

5.

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 1,189 (37,627)
Citation 15

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

6.

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

Number of pages: 37 Posted: 02 Feb 2001
Roman Inderst and Christian Laux
Goethe University Frankfurt and Vienna University of Economics and Business
Downloads 768 (69,158)
Citation 25

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capital allocation, conglomerate discount

7.

Understanding Bank Payouts During the Crisis of 2007-2009

Downloads 681 (80,710)
Citation 5

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, Review of Corporate Finance Studies, 2024, 13(1): 191-234
Number of pages: 83 Posted: 24 Jun 2015 Last Revised: 09 Jun 2024
Peter Cziraki, Christian Laux and Gyongyi Loranth
Texas A&M University - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 678 (80,037)
Citation 5

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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
Texas A&M University - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 3 (1,340,176)
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dividends, financial crisis, insider trading, total payout

8.

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 628 (89,614)
Citation 16

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

9.

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 627 (89,796)
Citation 7

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

10.

Accounting Conservatism and Managerial Information Acquisition

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 46 Posted: 30 Jul 2020 Last Revised: 19 Jul 2023
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin
Downloads 604 (94,172)
Citation 4

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accounting conservatism, debt contracting, early warning, managerial information acquisition

11.

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 576 (99,994)
Citation 2

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capital budgeting, information acquisition, task assignment

12.

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 University of Chicago - Booth School of Business
Downloads 534 (109,920)
Citation 13

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

13.

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 482 (124,496)

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cat bonds, risk transfer, parametric trigger, adverse selection

14.

Performance Measurement and Information Production

Downloads 385 (161,728)

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
Downloads 385 (160,214)

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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

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Performance measurement, information acquisition

15.

The Leverage Effect of Bank Disclosures

Downloads 383 (162,751)

The Leverage Effect of Bank Disclosures

Number of pages: 51 Posted: 16 Sep 2021 Last Revised: 26 Dec 2023
Philipp Koenig, Christian Laux and David Pothier
Deutsche Bundesbank, Vienna University of Economics and Business and University of Vienna - Department of Finance
Downloads 300 (210,482)

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Bank disclosures, market discipline, bank leverage, bank risk-taking, deposit insurance

The Leverage Effect of Bank Disclosures

Deutsche Bundesbank Discussion Paper No. 31/2021
Number of pages: 1 Posted: 08 Oct 2021
Philipp Koenig, Christian Laux and David Pothier
Deutsche Bundesbank, Vienna University of Economics and Business and University of Vienna - Department of Finance
Downloads 83 (632,393)

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Bank Disclosures, Market Discipline, Bank Leverage

16.

Accounting Covenants in Credit Lines: Protecting Banks Against Aggregate Liquidity Shocks

Number of pages: 44 Posted: 11 Jun 2015 Last Revised: 17 Jul 2020
Maria Chaderina, Christian Laux and Angel Tengulov
University of Oregon - Lundquist College of Business, Vienna University of Economics and Business and University of Kansas - School of Business
Downloads 359 (174,760)
Citation 1

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Credit Lines, Incomplete Contracts, Accounting-Based Covenants, Aggregate Liquidity Shocks, Financial Crisis

17.

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
University of Vienna - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 302 (210,627)
Citation 1

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

18.

Cross-Selling Lending and Underwriting: Scope Economies and Incentives

Downloads 294 (216,579)
Citation 2

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 294 (214,970)
Citation 2

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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

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G21, G24, D49

19.

Accounting Changes and Enforcement of Bank Capital Requirements in a Crisis

Number of pages: 49 Posted: 04 Jan 2023 Last Revised: 16 May 2024
Natalija Kostic, Christian Laux and Viktoria Muthsam
Vienna University of Economics and Business, Vienna University of Economics and Business and Vienna University of Economics and Business
Downloads 267 (239,103)

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bank regulation; capital requirements; recapitalization; regulatory forbearance; fair value accounting; expected losses; financial crisis

20.

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 259 (246,661)
Citation 8

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

21.

Debt Maturity Structure and Liquidity Shocks

Number of pages: 44 Posted: 09 Jan 2019
Julian Kolm, Christian Laux and Gyongyi Loranth
University of Vienna - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 139 (433,126)

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staggered debt, default boundary, liquidity shock

22.

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 126 (468,115)

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G22, D82

23.

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 103 (544,367)
Citation 3

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

24.

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
University of Vienna - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 3 (1,284,190)
Citation 2
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Bank Regulation; Executive Compensation; Corporate Governance

25.

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 2 (1,290,007)
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26.

Procyclicality of U.S. Bank Leverage

Journal of Accounting Research, Vol. 55, No. 2, 2017
Posted: 15 Sep 2017
Christian Laux and Thomas Rauter
Vienna University of Economics and Business and University of Chicago - Booth School of Business

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

27.

Limited Liability and Incentive Contracting with Multiple Projects

Posted: 04 Sep 2001
Christian Laux
Vienna University of Economics and Business

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28.

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

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