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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35,931

SSRN CITATIONS
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Top 3,855

in Total Papers Citations

160

CROSSREF CITATIONS

194

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 15,236 (287)
Citation 18

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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 10,777 ( 563)
Citation 32

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 10,657 (567)
Citation 28

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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?

Number of pages: 43 Posted: 17 Nov 2009 Last Revised: 24 Nov 2021
Christian Laux and Christian Leuz
Vienna University of Economics and Business and University of Chicago - Booth School of Business
Downloads 120 (296,236)
Citation 7

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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 2,380 ( 7,592)

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 2,380 (7,459)
Citation 35

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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 1,028 (27,885)
Citation 14

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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

Number of pages: 37 Posted: 02 Feb 2001
Roman Inderst and Christian Laux
Goethe University Frankfurt and Vienna University of Economics and Business
Downloads 729 (44,854)
Citation 25

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capital allocation, conglomerate discount

6.

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

Downloads 704 ( 46,983)
Citation 9

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

CFS Working Paper, No. 622, 2019
Number of pages: 93 Posted: 10 Jun 2019 Last Revised: 01 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 381 (99,337)
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 234 (166,883)
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 89 (362,903)

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

7.

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 552 (64,277)
Citation 2

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capital budgeting, information acquisition, task assignment

8.

Bank Payout Motives at the Start of the Crisis of 2007-2009

Downloads 524 ( 68,644)

Bank Payout Motives at the Start of 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: 63 Posted: 24 Jun 2015 Last Revised: 19 Feb 2021
Peter Cziraki, Christian Laux and Gyongyi Loranth
University of Toronto - Department of Economics, Vienna University of Economics and Business and University of Vienna
Downloads 522 (68,217)

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dividends, total payout, financial crisis, insider trading

Understanding Bank Payouts During the Crisis of 2007-2009

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 (825,714)
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dividends, financial crisis, insider trading, total payout

9.

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 522 (68,972)
Citation 13

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

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 497 (73,259)
Citation 7

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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 469 (78,573)
Citation 11

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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 414 ( 90,996)
Citation 18

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 413 (90,446)

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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 (839,074)
Citation 3
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13.

Performance Measurement and Information Production

Downloads 359 (107,070)

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 359 (106,284)

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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.

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 277 (141,576)
Citation 1

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

15.

Cross-Selling Lending and Underwriting: Scope Economies and Incentives

Downloads 249 (157,623)

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 249 (157,060)

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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

16.

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 239 (163,991)

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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 224 (174,507)
Citation 8

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

18.

Accounting Conservatism and Managerial Information Acquisition

Number of pages: 37 Posted: 30 Jul 2020 Last Revised: 29 Sep 2021
Christian Laux and Volker Laux
Vienna University of Economics and Business and University of Texas at Austin - McCombs School of Business
Downloads 216 (180,573)

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

19.

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 198 (195,741)
Citation 1

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

20.

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 98 (338,554)

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G22, D82

21.

The Leverage Effect of Bank Disclosures

Downloads 88 (362,408)

The Leverage Effect of Bank Disclosures

Number of pages: 49 Posted: 16 Sep 2021 Last Revised: 18 Nov 2021
Philipp Koenig, Christian Laux and David Pothier
Deutsche Bundesbank, Vienna University of Economics and Business and University of Vienna - Department of Finance
Downloads 74 (405,559)

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

The Leverage Effect of Bank Disclosures

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 14 (720,573)

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Bank Disclosures, Market Discipline, Bank Leverage

22.

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 76 (395,158)

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staggered debt, default boundary, liquidity shock

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 75 (398,094)
Citation 3

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

24.

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

25.

Bank Regulation, CEO Compensation, and Boards

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 (819,510)
Citation 2
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Bank Regulation; Executive Compensation; Corporate Governance

26.

The Adverse Effect of Information on Governance and Leverage

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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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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