Roman Kräussl

Bayes Business School (formerly Cass)

Professor of Finance

Hoover Institution, Stanford University

Visiting Fellow

Stanford, CA 94305

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

59

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SSRN CITATIONS
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Top 4,941

in Total Papers Citations

248

CROSSREF CITATIONS

128

Scholarly Papers (59)

1.

Is Gender in the Eye of the Beholder? Identifying Cultural Attitudes with Art Auction Prices

Number of pages: 60 Posted: 04 Feb 2020
University of Oxford, Bayes Business School (formerly Cass), Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 4,034 (5,026)
Citation 6

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Art, Auction, Gender, Culture, Inequality

2.

Does It Pay to Invest in Art? A Selection-Corrected Returns Perspective

Review of Financial Studies, Vol. 29, No. 4, 2016
Number of pages: 72 Posted: 17 Jun 2013 Last Revised: 12 Jan 2017
University of Southern California - Marshall School of Business, Bayes Business School (formerly Cass) and Erasmus University Rotterdam (EUR)
Downloads 2,906 (8,560)
Citation 14

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Art investing, Alternative Assets, Selection bias, Illiquidity, Portfolio Choice, Asset Allocation, MCMC

3.

Blockchain, Fractional Ownership, and the Future of Creative Work

Number of pages: 33 Posted: 26 Feb 2020 Last Revised: 21 Sep 2020
Amy Whitaker and Roman Kräussl
New York University and Bayes Business School (formerly Cass)
Downloads 1,907 (16,670)
Citation 25

Abstract:

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value creation and capture, art market, property rights, investment management, blockchain, venture funding

4.

Risk and Return Characteristics of Islamic Equity Funds

Emerging Markets Review, Vol. 12, No. 2, 2011
Number of pages: 28 Posted: 27 Dec 2008 Last Revised: 24 Jun 2011
Roman Kräussl and Raphie Hayat
Bayes Business School (formerly Cass) and Utrecht University
Downloads 1,837 (17,734)
Citation 5

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Islamic equity funds; risk-return characteristics; alternative investments; ethical investing; Islamic finance

Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices

Review of Financial Studies, Vol. 28, No. 12, 2015
Number of pages: 65 Posted: 20 Mar 2009 Last Revised: 25 Feb 2016
Emory University - Department of Finance, Bayes Business School (formerly Cass) and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 1,573 (22,157)
Citation 2

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Private equity; risk-return characteristics; funds of funds

Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices

NBER Working Paper No. w15335
Number of pages: 47 Posted: 15 Sep 2009 Last Revised: 28 May 2023
Emory University - Department of Finance, Bayes Business School (formerly Cass) and University of Illinois at Urbana-Champaign - Department of Finance
Downloads 159 (346,631)
Citation 12

Abstract:

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6.

Emerging Art Markets

Emerging Markets Review, Vol. 11, No. 4, 2010
Number of pages: 25 Posted: 26 Feb 2020
Roman Kräussl and Robin Logher
Bayes Business School (formerly Cass) and VU University Amsterdam - Department of Finance
Downloads 1,485 (24,544)
Citation 1

Abstract:

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Art market index, Art investments, Art finance, Alternative assets, Portfolio allocation

7.

Non-Fungible Tokens (NFTs): A Review of Pricing Determinants, Applications and Opportunities

Number of pages: 35 Posted: 19 May 2022 Last Revised: 28 May 2024
Roman Kräussl and Alessandro Tugnetti
Bayes Business School (formerly Cass) and University of Luxembourg - Department of Finance
Downloads 1,407 (26,615)
Citation 14

Abstract:

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Digital Assets, NFT, Pricing, Valuation

8.

The Predictive Performance of Morningstar's Mutual Fund Ratings

Number of pages: 29 Posted: 20 Feb 2007 Last Revised: 10 Mar 2023
Roman Kräussl and Ralph M. R. Sandelowsky
Bayes Business School (formerly Cass) and University of Amsterdam
Downloads 1,253 (31,550)
Citation 24

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Predictive performance, Mutual funds, Morningstar 5-star rating system

9.
Downloads 1,162 (35,112)
Citation 8

Institutional Investors and Infrastructure Investing

Stanford University Graduate School of Business Research Paper No. 18-42
Number of pages: 92 Posted: 24 Sep 2018 Last Revised: 15 Mar 2021
Aleksandar Andonov, Roman Kräussl and Joshua D. Rauh
University of Amsterdam and CEPR, Bayes Business School (formerly Cass) and Stanford Graduate School of Business
Downloads 1,068 (39,082)
Citation 1

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Infrastructure, Public Pension Funds, Institutional Investors, ESG regulation

The Subsidy to Infrastructure as an Asset Class

NBER Working Paper No. w25045
Number of pages: 48 Posted: 17 Sep 2018 Last Revised: 08 Jun 2023
Aleksandar Andonov, Roman Kräussl and Joshua D. Rauh
University of Amsterdam and CEPR, Bayes Business School (formerly Cass) and Stanford Graduate School of Business
Downloads 88 (541,059)
Citation 2

Abstract:

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Institutional Investors and Infrastructure Investing

CEPR Discussion Paper No. DP15946
Number of pages: 95 Posted: 31 Mar 2021
Aleksandar Andonov, Roman Kräussl and Joshua D. Rauh
University of Amsterdam and CEPR, Bayes Business School (formerly Cass) and Stanford Graduate School of Business
Downloads 6 (1,146,958)
Citation 4
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10.

Biased Auctioneers

Journal of Finance, Forthcoming
Number of pages: 46 Posted: 20 Mar 2019 Last Revised: 21 Feb 2023
Ecole Nationale des Ponts et Chaussées (ENPC), Bayes Business School (formerly Cass), University of California, Berkeley - Haas School of Business and University of Colorado Boulder - Leeds School of Business
Downloads 950 (46,844)
Citation 3

Abstract:

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art, auctions, experts, asset valuation, biases, machine learning, computer vision

11.

A Call on Art Investments

Review of Derivatives Research, Vol. 15, No. 1, 2012.
Number of pages: 30 Posted: 26 Feb 2020
Roman Kräussl and Christian Wiehenkamp
Bayes Business School (formerly Cass) and affiliation not provided to SSRN
Downloads 904 (50,110)

Abstract:

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Art Market, Art Index, Alternative Investments, Option Pricing

12.

The German Art Market

Number of pages: 18 Posted: 17 May 2007 Last Revised: 11 Mar 2023
Roman Kräussl
Bayes Business School (formerly Cass)
Downloads 877 (52,232)
Citation 1

Abstract:

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investing in art, alternative investments, cultural economics, dealing, trading

13.

Is There a Bubble in the Art Market?

Journal of Empirical Finance, Vol. 35, 2016
Number of pages: 26 Posted: 08 May 2014 Last Revised: 25 Feb 2016
Roman Kräussl, Thorsten Lehnert and Nicolas Martelin
Bayes Business School (formerly Cass), University of Luxembourg and Luxembourg School of Finance
Downloads 860 (53,707)
Citation 8

Abstract:

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Art market, Alternative investments, Speculative bubbles, Explosive behavior

14.

A Review on ESG Investing: Investors’ Expectations, Beliefs and Perceptions

Center for Financial Studies Working Paper No. 694, 2023
Number of pages: 35 Posted: 31 May 2022 Last Revised: 21 Feb 2023
Roman Kräussl, Tobi Oladiran and Denitsa Stefanova
Bayes Business School (formerly Cass), Université du Luxembourg and Universite du Luxembourg
Downloads 847 (54,898)
Citation 2

Abstract:

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Environmental, Social, Governance, ESG, Performance, Sustainability, Social Impact, Greenwashing

15.

The Search for Yield: Implications to Alternative Investments

Journal of Empirical Finance, Vol. 44, 2017
Number of pages: 29 Posted: 09 Nov 2017 Last Revised: 23 Sep 2018
Roman Kräussl, Thorsten Lehnert and Kalle Rinne
Bayes Business School (formerly Cass), University of Luxembourg and Universite du Luxembourg - Department of Finance
Downloads 821 (57,161)
Citation 1

Abstract:

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Alternative investments, hedge funds, commodities, the search for yield

16.
Downloads 692 (71,623)
Citation 2

The Performance of Marketplace Lenders

Center for Financial Studies Working Paper No. 706, 2023
Number of pages: 55 Posted: 12 Sep 2018 Last Revised: 28 Feb 2023
Bayes Business School (formerly Cass), Department of Finance, University of Luxembourg, University of Illinois at Urbana-Champaign - Department of Finance and Universite du Luxembourg - Department of Finance
Downloads 628 (79,869)
Citation 2

Abstract:

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Marketplace lending, household finance, financial intermediation, financial innovation, competition

The Performance of Marketplace Lenders

Number of pages: 64 Posted: 01 Nov 2022
Bayes Business School (formerly Cass), Department of Finance, University of Luxembourg, University of Illinois at Urbana-Champaign - Department of Finance and Universite du Luxembourg - Department of Finance
Downloads 64 (652,076)

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Marketplace lending, Household Finance, financial intermediation, financial innovation, competition

17.

Merger and Acquisition Behavior in European Banking

Number of pages: 34 Posted: 10 Mar 2008 Last Revised: 11 Mar 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 661 (75,909)

Abstract:

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Option-pricing model, Mergers and acquisitions, European banking industry

18.

ESG as Protection against Downside Risk

Center for Financial Studies Working Paper No. 708, 2023
Number of pages: 51 Posted: 26 Jan 2023 Last Revised: 22 Apr 2024
Roman Kräussl, Tobi Oladiran and Denitsa Stefanova
Bayes Business School (formerly Cass), Université du Luxembourg and Universite du Luxembourg
Downloads 650 (77,686)
Citation 1

Abstract:

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ESG rating, regulation, political uncertainty, downside risk, option

19.

Constructing the True Art Market Index

Number of pages: 38 Posted: 16 Mar 2008 Last Revised: 16 Apr 2023
Roman Kräussl and Niels van Elsland
Bayes Business School (formerly Cass) and VU University Amsterdam
Downloads 607 (84,396)
Citation 5

Abstract:

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Optimal asset allocation, Diversification, Art investments, Hedonic model, Downside risk

20.

Credit Cycles and Macro Fundamentals

Journal of Empirical Finance, Vol. 16, No. 1, 2009
Number of pages: 20 Posted: 14 Mar 2006 Last Revised: 07 Apr 2011
Vrije Universiteit Amsterdam - School of Business and Economics, Bayes Business School (formerly Cass), Vrije Universiteit Amsterdam and Tinbergen Institute
Downloads 493 (109,350)
Citation 5

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Credit cycles, Business cycles, Bank lending conditions, Unobserved component models, Intensity models

21.

Cash Flow and Discount Rate Risk in Up and Down Markets: What is Actually Priced?

Journal of Financial and Quantitative Analysis (JFQA), Vol. 47, No. 6, 2012
Number of pages: 42 Posted: 19 Mar 2010 Last Revised: 02 Mar 2013
Mahmoud Botshekan, Roman Kräussl and Andre Lucas
University of Isfahan - Faculty of Administrative Sciences and Economics, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam
Downloads 471 (115,401)
Citation 1

Abstract:

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Asset pricing, beta, downside risk, upside risk, cash flow risk, discount rate risk

22.

Pricing Dynamics and Herding Behavior of NFTs

Center for Financial Studies Working Paper No. 709, 2023
Number of pages: 61 Posted: 26 Jan 2023 Last Revised: 14 Aug 2023
Universite du Luxembourg, Bayes Business School (formerly Cass), University of Luxembourg - Interdisciplinary Centre for Security, Reliability and Trust (SnT) and University of Luxembourg - Department of Finance
Downloads 454 (120,929)
Citation 2

Abstract:

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Non-fungible tokens (NFTs), Price Index, Herding

23.

Implied Volatility Sentiment: A Tale of Two Tails

Revised version: Forthcoming, Quantitative Finance. This version: Tinbergen Institute Discussion Paper 17-002/IV
Number of pages: 54 Posted: 17 Jan 2017 Last Revised: 03 Dec 2019
Luiz F. F. Felix, Roman Kräussl and Philip A. Stork
APG Asset Management, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 451 (121,553)

Abstract:

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Sentiment, implied volatility skew, equity-risk premium, reversals, predictability, momentum crashes

24.

Blockholder Dispersion and Firm Value

Journal of Corporate Finance, Vol. 17, No. 5, 2011
Number of pages: 23 Posted: 22 Dec 2009 Last Revised: 22 Aug 2011
Sander Konijn, Roman Kräussl and Andre Lucas
VU University Amsterdam, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam
Downloads 418 (132,788)
Citation 25

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Corporate Governance, Ownership Structure, Multiple Blockholder, Firm Value

25.

Doing Good Deeds in Times of Need: A Strategic Perspective on Corporate Disaster Donations

Strategic Management Journal, Vol. 32, No. 9, 2011
Number of pages: 41 Posted: 28 Jun 2010 Last Revised: 09 Mar 2013
Alan Muller and Roman Kräussl
University of Amsterdam Business School and Bayes Business School (formerly Cass)
Downloads 407 (136,907)
Citation 36

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corporate philantrophy, firm value, disasters, Hurricane Katrina, social irresponsibility

26.

A Critique on the Proposed Use of External Sovereign Credit Ratings in Basel II

CFS Working Paper No. 2003/23
Number of pages: 41 Posted: 30 Nov 2003 Last Revised: 09 Mar 2023
Roman Kräussl
Bayes Business School (formerly Cass)
Downloads 406 (137,273)
Citation 4

Abstract:

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Sovereign Risk, Credit Ratings, Basel II

27.

Gendered Prices

Number of pages: 94 Posted: 25 Jan 2021
University of Oxford, Bayes Business School (formerly Cass), Finance Discipline Group - UTS Business School and Erasmus University Rotterdam (EUR)
Downloads 396 (141,685)
Citation 4

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Law of One Price, Bias, Art, Gender, Auction, Culture, Inequality

28.

Washington Meets Wall Street: A Closer Examination of the Presidential Cycle Puzzle

Journal of International Money and Finance, Vol. 43, 2014
Number of pages: 31 Posted: 27 Oct 2008 Last Revised: 14 Apr 2014
Bayes Business School (formerly Cass), Vrije Universiteit Amsterdam, De Nederlandsche Bank, affiliation not provided to SSRN and VU University Amsterdam, PGO-IM
Downloads 376 (149,669)
Citation 3

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political economy, inefficient markets, market anomalies, calendar effects

29.

Do Credit Rating Agencies Add to the Dynamics of Emerging Market Crises?

Journal of Financial Stability, Vol. 1, No. 3, 2005
Number of pages: 50 Posted: 02 Jan 2004 Last Revised: 23 Mar 2012
Roman Kräussl
Bayes Business School (formerly Cass)
Downloads 368 (153,316)
Citation 1

Abstract:

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Sovereign Risk, Credit Ratings, Financial Crises

30.

Reliability and Relevance of Fair Values: Private Equity Investments and Investee Fundamentals

Review of Accounting Studies, Forthcoming, George Mason University School of Business Research Paper No. 18-11, Kenan Institute of Private Enterprise Research Paper No. 18-10
Number of pages: 42 Posted: 01 Jun 2018 Last Revised: 11 Jan 2024
Rice University, Bayes Business School (formerly Cass), University of North Carolina Kenan-Flagler Business School, George Mason University - Department of Accounting and Bocconi University
Downloads 367 (153,786)
Citation 4

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Fair value, private equity, relevance and reliability

31.

Media, Sentiment and Market Performance in the Long Run

European Journal of Finance, Vol. 23, No. 11, 2017
Number of pages: 41 Posted: 10 Apr 2013 Last Revised: 23 Sep 2018
Roman Kräussl and Elizaveta Mirgorodskaya
Bayes Business School (formerly Cass) and VU University Amsterdam
Downloads 349 (162,474)
Citation 3

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Investor behavior; News media sentiment; Financial market crises; Pricing bubbles; Framing effects

Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success Over 1985-2009

European Financial Management, Vol. 20, No. 1, 2014
Number of pages: 42 Posted: 07 May 2011 Last Revised: 26 Dec 2013
Roman Kräussl and Stefan Krause
Bayes Business School (formerly Cass) and Banque de France - Economic Study and Research Division
Downloads 247 (231,106)

Abstract:

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Venture capital, private equity, entrepreneurial activity, performance gap

Has Europe Been Catching Up? An Industry Level Analysis of Venture Capital Success Over 1985-2009

Number of pages: 38 Posted: 05 Sep 2010 Last Revised: 06 Mar 2023
Roman Kräussl and Stefan Krause
Bayes Business School (formerly Cass) and Banque de France - Economic Study and Research Division
Downloads 99 (500,692)

Abstract:

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Venture capital; private equity; success rates; performance; IPOs

33.

Do Changes in Sovereign Credit Ratings Contribute to Financial Contagion in Emerging Market Crises?

CFS Working Paper No. 2003/22
Number of pages: 45 Posted: 01 Dec 2003 Last Revised: 09 Mar 2023
Roman Kräussl
Bayes Business School (formerly Cass)
Downloads 322 (177,131)
Citation 8

Abstract:

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Sovereign Risk, Credit Ratings, Financial Contagion

34.

Revisiting the Home Bias Puzzle: Downside Equity Risk

Journal of International Money and Finance, Vol. 26, No. 7, 2007
Number of pages: 37 Posted: 22 Sep 2005 Last Revised: 07 Apr 2011
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 311 (183,603)

Abstract:

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Asset Pricing, Home Bias, Downside Risk, Prospect Theory

35.

The 2011 European Short Sale Ban: A Cure or a Curse?

Journal of Financial Stability, Vol. 25, 2016
Number of pages: 43 Posted: 09 Feb 2013 Last Revised: 12 Jan 2017
Luiz F. F. Felix, Roman Kräussl and Philip A. Stork
APG Asset Management, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 292 (196,256)
Citation 5

Abstract:

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Short sale ban; jump risk; risk-neutral density; implied volatility skew; contagion risk

36.

Dark Trading and Financial Markets Stability

Center for Financial Studies Working Paper No. 691, 2023
Number of pages: 50 Posted: 03 Jun 2019 Last Revised: 21 Feb 2023
Jorge Goncalves, Roman Kräussl and Vladimir Levin
Universite du Luxembourg - Luxembourg Centre for Systems Biomedicine, Bayes Business School (formerly Cass) and Universite du Luxembourg
Downloads 286 (200,502)

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Market microstructure, financial market stability, mini-flash crash, dark trading, speed bump, investor protection

37.

Single Stock Call Options as Lottery Tickets: Overpricing and Investor Sentiment

Forthcoming in Journal of Behavioral Finance
Number of pages: 38 Posted: 07 Apr 2016 Last Revised: 05 Aug 2018
Luiz F. F. Felix, Roman Kräussl and Philip A. Stork
APG Asset Management, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 286 (200,502)

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Cumulative prospect theory; investor sentiment; risk-neutral densities; call options

38.

Stock Market Interactions and the Impact of Macroeconomic News - Evidence from High Frequency Data of European Futures Markets

Number of pages: 27 Posted: 31 Aug 2006 Last Revised: 14 Aug 2023
Roman Kräussl and Bea Canto
Bayes Business School (formerly Cass) and Watson Wyatt Brans & Co.
Downloads 286 (200,502)

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Market microstructure, Stock market dynamic interactions, Macroeconomic news, High frequency data, VAR modeling, Variance decomposition

39.

Is Venture Capital Really a Local Business? Evidence from U.S. Cross-Border Investment

Number of pages: 34 Posted: 06 Aug 2015
Robert Wuebker, Roman Kräussl and William Schulze
University of Utah - David Eccles School of Business, Bayes Business School (formerly Cass) and University of Utah
Downloads 285 (201,250)
Citation 7

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Venture Capital, Entrepreneurial Finance, Internationalization, Cross-Border Investment

40.

Predictable Biases in Macroeconomic Forecasts and Their Impact Across Asset Classes

Number of pages: 43 Posted: 27 Jul 2017 Last Revised: 20 May 2022
Luiz F. F. Felix, Roman Kräussl and Philip A. Stork
APG Asset Management, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 239 (239,840)

Abstract:

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Anchoring; Rational Bias; Economic Surprises; Predictability; Stocks, Bonds; Currencies; Commodities; Machine learning

41.

The Winner's Curse on Art Markets

Number of pages: 35 Posted: 26 Feb 2020
Roman Kräussl and Elizaveta Mirgorodskaya
Bayes Business School (formerly Cass) and VU University Amsterdam
Downloads 208 (273,389)

Abstract:

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Overreaction, winner's curse, pricing estimates, repeat sale, auction, art market

42.

Modifier words in the financial press and investor expectations

Journal of Economic Behavior and Organization, Vol. 138, 2017
Number of pages: 56 Posted: 22 Nov 2014 Last Revised: 23 Sep 2018
VU University Amsterdam, Bayes Business School (formerly Cass) and VU University Amsterdam
Downloads 184 (305,193)
Citation 3

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news media, investment decisions, sentiment, reference point

43.

The European Sovereign Debt Crisis: What Have We Learned?

Journal of Empirical Finance, Vol. 38(A), 2016
Number of pages: 29 Posted: 06 Apr 2016 Last Revised: 12 Jan 2017
Roman Kräussl, Thorsten Lehnert and Denitsa Stefanova
Bayes Business School (formerly Cass), University of Luxembourg and Universite du Luxembourg
Downloads 175 (319,170)
Citation 4

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Sovereign debt crisis, systemic risk, contagion, bank bail-outs, financial regulation

44.

The Value of Corporate Philanthropy During Times of Crisis: The Sensegiving Effect of Employee Involvement

Journal of Business Ethics, Vol. 103, No. 2, 2011
Number of pages: 38 Posted: 06 Apr 2011 Last Revised: 09 Mar 2013
Alan Muller and Roman Kräussl
University of Amsterdam Business School and Bayes Business School (formerly Cass)
Downloads 175 (319,170)
Citation 2

Abstract:

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corporate philanthropy, employee involvement, firm value, Hurricane Katrina, sensegiving

45.

Euro Crash Risk

Journal of Empirical Finance, Vol. 38(A), 2016
Number of pages: 36 Posted: 09 Aug 2015 Last Revised: 12 Jan 2017
Roman Kräussl, Thorsten Lehnert and Sigita Senulyte
Bayes Business School (formerly Cass), University of Luxembourg and Luxembourg School of Finance
Downloads 163 (341,234)

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Sovereign debt crisis, News announcements, Euro value, Euro crash risk

46.
Downloads 155 (354,241)

The Pricing of Digital Art

Number of pages: 29 Posted: 25 Sep 2023 Last Revised: 26 Dec 2023
University of Glasgow, Adam Smith Business School, Bayes Business School (formerly Cass) and Erasmus University Rotterdam (EUR)
Downloads 95 (514,749)

Abstract:

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Digital art, conspicuous consumption, utility dividends, risk premium, valuation

The Pricing of Digital Art

Center for Financial Studies Working Paper No. 716, 2023
Number of pages: 32 Posted: 20 Mar 2024
University of Glasgow, Adam Smith Business School, Bayes Business School (formerly Cass) and Erasmus University Rotterdam (EUR)
Downloads 60 (674,259)

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Digital art, conspicuous consumption, utility dividends, risk premium, valuation

47.

Art Collectors as Venture-Stage Investors

Center for Financial Studies Working Paper No. 696, 2023
Number of pages: 35 Posted: 03 Jan 2023 Last Revised: 19 Jun 2024
Amy Whitaker and Roman Kräussl
New York University and Bayes Business School (formerly Cass)
Downloads 154 (356,146)

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Art investment, venture capital, venture-stage investing, social impact, portfolio management, tax-deductible donation JEL Codes: G11, L31, D31, Z11, G11

48.

Risk Aversion Under Preference Uncertainty

Finance Research Letters, Vol. 9, No. 1, 2012
Number of pages: 13 Posted: 14 Apr 2011 Last Revised: 20 Mar 2012
Roman Kräussl, Andre Lucas and Arjen Siegmann
Bayes Business School (formerly Cass), Vrije Universiteit Amsterdam and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 152 (359,855)
Citation 2

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risk aversion, preference uncertainty, risk-taking, optimal asset allocation

49.

Is Venture Capital a Local Business? A Test of the Proximity and Network Hypotheses

Number of pages: 52 Posted: 05 Feb 2012 Last Revised: 14 Aug 2023
Robert Wuebker, Roman Kräussl and Bill Schulze
University of Utah - David Eccles School of Business, Bayes Business School (formerly Cass) and University of Utah - David Eccles School of Business
Downloads 147 (369,766)

Abstract:

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Venture capital, internationalization, networks

50.

Aligning Tactics with Market Capabilities in the Art World: Strategically Capitalizing on Repeat Print Sale Economies

Number of pages: 35 Posted: 02 Mar 2013 Last Revised: 14 Aug 2023
Elliot Bendoly and Roman Kräussl
The Ohio State University and Bayes Business School (formerly Cass)
Downloads 140 (384,325)

Abstract:

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auction houses, repeat sales, price inelasticity, capabilities, efficiency

51.

An Analysis of the Effects of the Severance Payment Reform on Credit to Italian SMEs

Journal of Financial Economic Policy, Vol. 3, No. 3, 2011
Number of pages: 26 Posted: 08 Nov 2008 Last Revised: 22 Aug 2011
Riccardo Calcagno, Roman Kräussl and Chiara Monticone
Politecnico di Torino, Bayes Business School (formerly Cass) and Organization for Economic Co-Operation and Development (OECD)
Downloads 113 (452,329)

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severance indemnities, moral hazard, credit constraints, SMEs

52.

Closed-End Funds and Discount Control Mechanisms

Center for Financial Studies Working Paper No. 707, 2023
Number of pages: 40 Posted: 02 Feb 2023 Last Revised: 13 Apr 2023
Bayes Business School (formerly Cass), University of Illinois at Urbana-Champaign - Department of Finance and Universite du Luxembourg
Downloads 110 (461,532)

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Closed-end funds, discount, performance, skill, signaling, information asymmetry, repurchases, continuation vote

53.

Does Family Matter? Venture Capital Cross-Fund Cash Flows

Center for Financial Studies Working Paper No. 695, 2023
Number of pages: 37 Posted: 28 Dec 2022 Last Revised: 21 Feb 2023
Roman Kräussl, Kalle Rinne and Huizhu Sun
Bayes Business School (formerly Cass), Universite du Luxembourg - Department of Finance and Luxembourg Institute of Science and Technology (LIST)
Downloads 99 (496,886)

Abstract:

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Venture capital, Fund family, Subsidization, Liquidity, Performance

54.

Does Patience Pay? Empirical Testing of the Option to Delay Accepting a Tender Offer in the U.S. Banking Sector

Number of pages: 33 Posted: 10 Mar 2008 Last Revised: 14 Aug 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 87 (539,451)

Abstract:

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Option-pricing model, Mergers and acquisitions, U.S. banking industry

55.

The Costs of Being Sustainable

Number of pages: 34 Posted: 18 Feb 2024 Last Revised: 03 Apr 2024
Emanuele Chini, Roman Kräussl and Denitsa Stefanova
Universite du Luxembourg - Department of Finance, Bayes Business School (formerly Cass) and Universite du Luxembourg
Downloads 60 (667,405)

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SDGs, Mutual Funds, Green, Funds, Sustainability

56.

Merger & Acquisition Behavior in European Banking: Empirical Testing of the Option to Delay Accepting a Tender Offer

Number of pages: 34 Posted: 14 Mar 2006 Last Revised: 14 Aug 2023
Rachel A.J. Pownall and Roman Kräussl
Tilburg University - Department of Finance and Bayes Business School (formerly Cass)
Downloads 58 (672,866)

Abstract:

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Option-pricing model, Mergers and acquisitions, European banking industry

57.

The Fine Art of Financing: The Jpmorgan Private Bank and Lending Against Art

Darden Case No. UVA-F-1760
Number of pages: 14 Posted: 30 May 2017 Last Revised: 27 Dec 2021
University of Virginia - Darden School of Business, Bayes Business School (formerly Cass), University of Virginia - Darden School of Business and University of Colorado Boulder - Leeds School of Business
Downloads 22 (942,869)
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investment asset, art, illiquid assets, investment vehicles, video

58.

Is ESG a Sideshow? ESG Perceptions, Investment, and Firms' Financing Decisions

Number of pages: 50
Roman Kräussl, Joshua D. Rauh and Denitsa Stefanova
Bayes Business School (formerly Cass), Stanford Graduate School of Business and Universite du Luxembourg
Downloads 2

Abstract:

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Capital structure, equity issues, debt issues, ESG ratings

59.

Strategic Bias and Popularity Effect in the Prediction of Economic Surprises

Forthcoming, Journal of Forecasting
Posted: 28 Jan 2021
Luiz F. F. Felix, Roman Kräussl and Philip A. Stork
APG Asset Management, Bayes Business School (formerly Cass) and Vrije Universiteit Amsterdam, School of Business and Economics

Abstract:

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Strategic bias, skewness, economic surprises, predictability, forecast error.

Other Papers (1)

Total Downloads: 137
1.

Examining Non-Linear Dynamics Between the FTSE 100 Cash and Futures Returns

Number of pages: 39 Posted: 20 Feb 2007 Last Revised: 28 May 2024
Bea Canto and Roman Kräussl
Watson Wyatt Brans & Co. and Bayes Business School (formerly Cass)
Downloads 137

Abstract:

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Non-linear dynamics, future returns, price discovery process, regime switching model, cost of carry model, SETAR model