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 ECARES ULB CP 114

B-1050 Brussels

Belgium

SCHOLARLY PAPERS

26

DOWNLOADS
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Top 621

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33,921

CITATIONS
Rank 4,528

SSRN RANKINGS

Top 4,528

in Total Papers Citations

180

Scholarly Papers (26)

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 14,742 (206)
Citation 1

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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 10,358 (394)
Citation 6

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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 102 (261,686)

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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

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 2,328 (5,421)
Citation 8

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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 976 (22,248)
Citation 6

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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 719 (34,199)
Citation 1

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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 549 (48,880)
Citation 1

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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 University of Chicago - Booth School of Business
Downloads 511 (53,528)
Citation 6

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

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 467 (59,288)

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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 (666,093)
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dividends, financial crisis, insider trading, total payout

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 456 (61,732)
Citation 3

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

10.

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 397 (72,942)
Citation 8

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

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 391 (73,542)

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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 (680,551)
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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 (82,398)

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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

Accounting for Financial Stability: Lessons from the Financial Crisis and Future Challenges

European Corporate Governance Institute (ECGI) - Law Working Paper No. 445/2019
Number of pages: 80 Posted: 02 Feb 2019 Last Revised: 14 Apr 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 264 (114,214)
Citation 1

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Banks, Financial Crisis, Mark-to-Market, Fair Value Accounting, Financial Stability, Disclosure, Loan Loss 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 73 (323,325)

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

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 235 (128,760)

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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 231 (131,484)

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16.

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

Number of pages: 64 Posted: 11 Jun 2015 Last Revised: 18 Aug 2019
Maria Chaderina, Christian Laux and Angel Tengulov
University of Oregon, Vienna University of Economics and Business and Vanderbilt University - Owen Graduate School of Management
Downloads 206 (146,703)
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 206 (146,703)
Citation 1

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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 170 (174,783)

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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 (286,096)

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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 68 (332,589)

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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 26 (484,935)

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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 (666,172)
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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
Downloads 0 (666,172)
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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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