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

26

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34,461

SSRN CITATIONS
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Top 4,220

in Total Papers Citations

80

CROSSREF CITATIONS

185

Scholarly Papers (26)

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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 14,867 (219)
Citation 7

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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 10,537 ( 436)
Citation 17

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 10,433 (430)
Citation 16

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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: 14 Mar 2010
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 104 (272,119)

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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 2,347 ( 5,904)

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 2,347 (5,785)
Citation 27

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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 - McCombs School of Business

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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 986 (23,378)
Citation 9

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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 721 (36,274)
Citation 23

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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 550 (51,802)
Citation 2

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capital budgeting, information acquisition, task assignment

7.

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

Downloads 538 ( 53,314)
Citation 2

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

European Corporate Governance Institute (ECGI) - Law Working Paper No. 445/2019
Number of pages: 80 Posted: 02 Feb 2019 Last Revised: 10 Mar 2020
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 357 (86,754)
Citation 1

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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: Lessons from the Financial Crisis and Future Challenges

CFS Working Paper, No. 622, 2019
Number of pages: 76 Posted: 10 Jun 2019
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 181 (174,582)
Citation 1

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Banks, Financial Crisis, Mark-To-Market; Fair Value Accounting; Financial Stability; Disclosure, Loan Loss Accounting

8.

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 511 (56,920)
Citation 9

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

9.

Understanding Bank Payouts During the Crisis of 2007-2008

Downloads 487 ( 60,436)

Understanding Bank Payouts During the Crisis of 2007-2008

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 480/2016, TILEC Discussion Paper No. 2016-019
Number of pages: 56 Posted: 24 Jun 2015 Last Revised: 10 Jul 2019
Peter Cziraki, Christian Laux and Gyongyi Loranth
University of Toronto - Department of Economics, Vienna University of Economics and Business and University of Vienna
Downloads 485 (60,065)

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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
University of Toronto - Department of Economics, Vienna University of Economics and Business and University of Vienna
Downloads 2 (700,660)
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dividends, financial crisis, insider trading, total payout

10.

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 465 (63,995)
Citation 4

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

11.

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 407 (75,188)
Citation 10

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

12.

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

Downloads 398 ( 77,107)
Citation 16

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 397 (76,624)

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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 (714,406)
Citation 1
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13.

Performance Measurement and Information Production

Downloads 355 ( 87,964)

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 355 (87,320)

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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 - McCombs School of Business

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Performance measurement, information acquisition

14.

Cross-Selling Lending and Underwriting: Scope Economies and Incentives

Downloads 241 (133,374)

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 241 (132,823)

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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

15.

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 233 (137,869)

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16.

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

Number of pages: 60 Posted: 11 Jun 2015 Last Revised: 15 Oct 2019
Maria Chaderina, Christian Laux and Angel Tengulov
University of Oregon - Lundquist College of Business, Vienna University of Economics and Business and Vanderbilt University - Owen Graduate School of Management
Downloads 227 (141,409)
Citation 1

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

17.

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 209 (152,930)
Citation 5

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

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
University of Vienna - Department of Finance, Vienna University of Economics and Business and University of Vienna
Downloads 179 (176,322)
Citation 1

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

19.

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 88 (301,599)

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G22, D82

20.

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 69 (347,472)
Citation 2

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

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 46 (420,977)

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staggered debt, default boundary, liquidity shock

22.

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

23.

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 0 (698,456)
Citation 1
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Bank Regulation; Executive Compensation; Corporate Governance

24.

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
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25.

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

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26.

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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