Volker Laux

University of Texas at Austin - McCombs School of Business

Aubrey and Elsie Fariss Professor in Accounting

2317 Speedway

Austin, TX 78712

United States

  • University of Texas at Austin - McCombs School of Business

SCHOLARLY PAPERS

26

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13,318

SSRN CITATIONS
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Top 8,346

in Total Papers Citations

119

CROSSREF CITATIONS

35

Scholarly Papers (26)

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1.

Board Committees, CEO Compensation, and Earnings Management

Downloads 2,388 ( 8,470)
Citation 35

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 2,388 (8,315)
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

2.

Corporate Governance, Accounting Conservatism, and Manipulation

Downloads 1,716 ( 14,481)
Citation 12

Corporate Governance, Accounting Conservatism, and Manipulation

Number of pages: 41 Posted: 17 Apr 2013 Last Revised: 21 Aug 2015
Judson Caskey and Volker Laux
University of California, Los Angeles (UCLA) - Accounting Area and University of Texas at Austin - McCombs School of Business
Downloads 1,716 (14,240)
Citation 12

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Governance, optimism, conservative accounting, earnings manipulation, earnings management

Corporate Governance, Accounting Conservatism, and Manipulation

Management Science, Forthcoming
Posted: 23 Aug 2015
Judson Caskey and Volker Laux
University of California, Los Angeles (UCLA) - Accounting Area and University of Texas at Austin - McCombs School of Business

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Governance, conservative accounting, earnings manipulation, investment

3.

Auditor Liability and Client Acceptance Decisions

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Auditor Liability and Client Acceptance Decisions

Number of pages: 41 Posted: 02 Apr 2008 Last Revised: 17 May 2009
Volker Laux and Paul Newman
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Accounting
Downloads 910 (36,311)
Citation 10

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Auditor Liability, Client Acceptance Decisions

Auditor Liability and Client Acceptance Decisions

Accounting Review, Vol. 85, No. 1, 2010
Posted: 17 May 2009 Last Revised: 14 Sep 2010
Volker Laux and Paul Newman
University of Texas at Austin - McCombs School of Business and University of Texas at Austin - Department of Accounting

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Auditor Liability, Client Acceptance Decisions

4.

Effects of Accounting Conservatism on Investment Efficiency and Innovation

Mays Business School Research Paper No. 2781261
Number of pages: 51 Posted: 19 May 2016 Last Revised: 27 Nov 2019
Volker Laux and Korok Ray
University of Texas at Austin - McCombs School of Business and Texas A&M University - Mays Innovation Research Center
Downloads 857 (40,033)
Citation 1

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Optimal contracting, Innovation, Accounting conservatism, Investment efficiency

5.

Board Independence and CEO Turnover

Downloads 749 ( 47,949)
Citation 25

Board Independence and CEO Turnover

Number of pages: 35 Posted: 29 Apr 2005
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 749 (47,318)
Citation 25

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Corporate Governance, Board Independence, Severance Pay, CEO Turnover, Incentive Compensation, Renegotiation

Board Independence and CEO Turnover

Journal of Accounting Research, Vol. 46, No. 1, 2008
Posted: 20 Jul 2007 Last Revised: 31 Dec 2008
Volker Laux
University of Texas at Austin - McCombs School of Business

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Corporate Governance, Board Independence, Severance Pay, CEO Turnover, Incentive Compensation, Renegotiation

6.

Executive Pay, Innovation, and Risk-Taking

Downloads 653 ( 57,374)
Citation 5

Executive Pay, Innovation, and Risk-Taking

Number of pages: 43 Posted: 15 Jan 2010 Last Revised: 29 Jul 2014
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 653 (56,637)
Citation 1

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Executive Pay, Stock Options, Restricted Stock, Severance Pay

Executive Pay, Innovation, and Risk‐Taking

Journal of Economics & Management Strategy, Vol. 24, Issue 2, pp. 275-305, 2015
Number of pages: 31 Posted: 06 May 2015
Volker Laux
University of Texas at Austin - McCombs School of Business
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Citation 2

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Executive Pay, Innovation, and Risk-Taking

Journal of Economics and Management Strategy, Forthcoming
Posted: 09 Mar 2014
Volker Laux
University of Texas at Austin - McCombs School of Business

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Executive Pay, Stock Options, Restricted Stock, Severance Pay

7.

Conservative Accounting, Audit Quality, and Litigation

Number of pages: 42 Posted: 05 Aug 2016 Last Revised: 28 Nov 2020
Sebastian Kronenberger and Volker Laux
University of Mannheim and University of Texas at Austin - McCombs School of Business
Downloads 600 (63,962)
Citation 2

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Accounting Conservatism, Litigation, Audit Quality

8.

Insider versus Outsider CEOs, Executive Compensation, and Accounting Manipulation

Downloads 596 ( 64,488)
Citation 4

Insider versus Outsider CEOs, Executive Compensation, and Accounting Manipulation

Number of pages: 45 Posted: 19 Apr 2014 Last Revised: 03 Aug 2017
Prasart Jongjaroenkamol and Volker Laux
Singapore Management University - School of Accountancy and University of Texas at Austin - McCombs School of Business
Downloads 517 (76,305)

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Insider vs Outsider CEO, CEO Turnover, Compensation, Accounting Manipulation

Insider versus Outsider CEOS, Executive Compensation, and Accounting Manipulation

Journal of Accounting & Economics, Forthcoming, Singapore Management University School of Accountancy Research Paper No. 2017-68
Number of pages: 46 Posted: 20 Mar 2017
Prasart Jongjaroenkamol and Volker Laux
Singapore Management University - School of Accountancy and University of Texas at Austin - McCombs School of Business
Downloads 79 (423,516)
Citation 1

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Insider vs Outsider CEO, CEO Turnover, Compensation, Accounting Manipulation

9.

Debt Covenants and Accounting Manipulation

Number of pages: 56 Posted: 11 Feb 2017 Last Revised: 11 Jan 2020
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 521 (76,367)
Citation 4

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control right allocation, debt contracting, debt covenants, renegotiation, accounting manipulation

10.

Corporate Governance, Board Oversight, and CEO Turnover

Foundations and Trends in Accounting, Forthcoming
Number of pages: 80 Posted: 09 Jun 2014 Last Revised: 10 Sep 2014
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 496 (81,122)
Citation 2

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11.

Accounting Standards, Regulatory Enforcement, and Innovation

Number of pages: 48 Posted: 10 Jan 2016 Last Revised: 16 May 2017
Volker Laux and Phillip C. Stocken
University of Texas at Austin - McCombs School of Business and Dartmouth College - Tuck School of Business
Downloads 407 (102,241)
Citation 17

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Accounting Standards, Regulatory Enforcement, Innovation, Manipulation

12.

On the Value of Influence Activities for Capital Budgeting

Downloads 376 (111,972)
Citation 4

On the Value of Influence Activities for Capital Budgeting

Number of pages: 23 Posted: 15 Jan 2003
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 376 (111,141)
Citation 4

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Influence Activities, Capital Butgeting, Principal-Agent, Information Acquisition

On the Value of Influence Activities for Capital Budgeting

Journal of Economic Behavior and Organization, Vol. 65, 2008
Posted: 26 Mar 2006 Last Revised: 30 Dec 2008
Volker Laux
University of Texas at Austin - McCombs School of Business

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Capital Budgeting, Influence Activities, Principal-Agent, Information Acquisition

13.

Performance Measurement and Information Production

Downloads 361 (117,210)

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 361 (116,381)

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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.

The Effects of Litigation Risk on Board Oversight and CEO Incentive Pay

Downloads 309 (138,464)

The Effects of Litigation Risk on Board Oversight and CEO Incentive Pay

Number of pages: 56 Posted: 27 Aug 2008 Last Revised: 14 Jan 2010
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 309 (137,751)

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Corporate Governance, Director Liability, Board Oversight, CEO Incentive Pay, Earnings Management

Effects of Litigation Risk on Board Oversight and CEO Incentive Pay

Management Science, Vol. 56, No. 6, 2010
Posted: 18 Feb 2010 Last Revised: 14 Sep 2010
Volker Laux
University of Texas at Austin - McCombs School of Business

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Corporate Governance, Director Liability, Board Oversight, CEO Incentive Pay, Earnings Management

15.

Stock Option Vesting Conditions, CEO Turnover, and Myopic Investment

Downloads 302 (141,851)
Citation 13

Stock Option Vesting Conditions, CEO Turnover, and Myopic Investment

Number of pages: 44 Posted: 12 Nov 2010 Last Revised: 24 Jun 2011
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 302 (141,132)
Citation 13

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Executive Pay, Stock Option Vesting Conditions, Myopic Investment, CEO Turnover

Stock Option Vesting Conditions, CEO Turnover, and Myopic Investment

Journal of Financial Economics (JFE), Forthcoming
Posted: 02 Jan 2012
Volker Laux
University of Texas at Austin - McCombs School of Business

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Executive Compensation, Stock Option Vesting Conditions, Myopic Investment, CEO Turnover

16.

Managerial Reporting, Overoptimism, and Litigation Risk

Downloads 299 (143,286)

Managerial Reporting, Overoptimism, and Litigation Risk

Tuck School of Business Working Paper No. 2011-87
Number of pages: 41 Posted: 27 May 2010 Last Revised: 21 Jun 2011
Volker Laux and Phillip C. Stocken
University of Texas at Austin - McCombs School of Business and Dartmouth College - Tuck School of Business
Downloads 299 (142,553)

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Disclosure, Overconfidence, Litigation Risk, Earnings Management

Managerial Reporting, Overoptimism, and Litigation Risk

Journal of Accounting & Economics (JAE), Forthcoming, Tuck School of Business Working Paper No. 2012-106
Posted: 06 Feb 2012
Volker Laux and Phillip C. Stocken
University of Texas at Austin - McCombs School of Business and Dartmouth College - Tuck School of Business

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Mandatory Disclosure, Litigation Risk, Overoptimism, Earnings Management

17.

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 273 (157,294)

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

18.

On the Benefits of Allowing CEOs to Time Their Stock Option Exercises

Downloads 249 (172,308)

On the Benefits of Allowing CEOs to Time Their Stock Option Exercises

Number of pages: 42 Posted: 25 Oct 2006 Last Revised: 13 Oct 2007
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 249 (171,726)

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corporate governance, insider trading, executive compensation, executive stock options, real options, timing of stock option exercises

On the Benefits of Allowing CEOs to Time Their Stock Option Exercises

RAND Journal of Economics, Vol. 41, No. 1, 2010
Posted: 19 Oct 2009 Last Revised: 28 Feb 2010
Volker Laux
University of Texas at Austin - McCombs School of Business

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Corporate Governance, Insider Trading, Executive Compensation, Timing of Stock Option Exercises

19.

Managerial Optimism and Debt Covenants

Downloads 224 (190,603)
Citation 1

Managerial Optimism and Debt Covenants

Number of pages: 32 Posted: 07 Jan 2020 Last Revised: 26 Aug 2021
Jakob Infuehr and Volker Laux
University of Southern Denmark and University of Texas at Austin - McCombs School of Business
Downloads 224 (190,253)
Citation 1

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managerial optimism, heterogeneous priors, debt covenants, control right allocation

Managerial Optimism and Debt Covenants

Journal of Accounting Research, Volume 60, Issue 1
Posted: 03 Apr 2022
Jakob Infuehr and Volker Laux
University of Southern Denmark and University of Texas at Austin - McCombs School of Business

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managerial optimism; debt contracting; control right allocation; debt covenants

20.

The Ignored Performance Measure

Downloads 194 (217,780)
Citation 3

The Ignored Performance Measure

Number of pages: 43 Posted: 21 Nov 2004
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 180 (232,431)

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Performance Measure, Multi-Task Agency Problem

The Ignored Performance Measure

Journal of Economics & Management Strategy, Vol. 15, No. 3, pp. 707-733, Fall 2006
Number of pages: 27 Posted: 20 Jul 2006
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 14 (780,788)
Citation 2

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21.

Early Warning Signals and Risk-Shifting Incentives

Number of pages: 41 Posted: 17 Aug 2019 Last Revised: 07 Jul 2022
Volker Laux and Ronghuo Zheng
University of Texas at Austin - McCombs School of Business and The University of Texas at Austin - McCombs School of Business
Downloads 180 (232,361)

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Commitment; Risk Shifting; information system; Early Warning

22.

Pay Convexity, Earnings Manipulation, and Project Continuation

Accounting Review, Forthcoming
Number of pages: 49 Posted: 09 Mar 2014 Last Revised: 04 Jun 2014
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 144 (279,449)
Citation 1

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pay convexity, accounting manipulation, project continuation, reporting discretion

23.

Signaling Private Information via Accounting System Design

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 45 Posted: 02 Apr 2020 Last Revised: 31 Mar 2022
Aysa Dordzhieva, Volker Laux and Ronghuo Zheng
University of Texas at Austin, University of Texas at Austin - McCombs School of Business and The University of Texas at Austin - McCombs School of Business
Downloads 139 (287,271)
Citation 1

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Information System Design; Accounting Bias; Signaling

24.

Valuation and Communication: Two Conflicting Roles of Stock Price

Robert H. Smith School Research Paper No. RHS 2707371
Number of pages: 31 Posted: 23 Dec 2015
Robert J. Bloomfield, Volker Laux, Nicholas Seybert and Michael G. Williamson
Cornell University - Samuel Curtis Johnson Graduate School of Management, University of Texas at Austin - McCombs School of Business, University of Maryland - Department of Accounting & Information Assurance and University of Illinois at Urbana-Champaign - Department of Accountancy
Downloads 131 (300,567)

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valuation, communication, stock price informativeness, switching costs

25.

Supporting and Assessing Agents

Downloads 125 (311,307)

Supporting and Assessing Agents

Number of pages: 35 Posted: 27 Nov 2015 Last Revised: 28 Mar 2017
Volker Laux
University of Texas at Austin - McCombs School of Business
Downloads 125 (312,664)

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ability assessment, resource allocation, career concerns, incentive contracting, termination/promotion

Supporting and Assessing Agents

Journal of Accounting Research, Vol. 55, No. 4, 2017
Posted: 14 Nov 2017
Volker Laux
University of Texas at Austin - McCombs School of Business

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ability assessment; career concerns; incentive contracting; re-source allocation; termination/promotion

26.

Corporate Boards, Visionary Managers, and Heterogeneous Beliefs

Number of pages: 34 Posted: 26 Jan 2022
Xu Jiang and Volker Laux
Duke University and University of Texas at Austin - McCombs School of Business
Downloads 119 (322,501)

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Visionary CEOs, Corporate boards, Heterogeneous beliefs, Board advising and monitoring