At the TAF Research Seminar, on October 24, 2017 Christian Laux (Vienna University of Economics and Business, Austria) presented his current research. The title of his presentation was 'Bank Payouts during the Crisis of 2007-2008'.
Christian Laux is a professor in Finance at the Vienna University of Economics and Business (Austria) since 2010. In 1990 he obtained a master’s degree in Business Administration at the University of Wisconsin-Madison (USA). He received his doctoral degree at the Goethe University Frankfurt in 1995. After working as a visiting fellow at the Harvard University (USA), he was an assistant professor at the University of Mannheim and successfully finished his habilitation process there in 2002. He then became a professor for Corporate Finance and Risk Management at the Goethe University Frankfurt. He was also a visiting faculty member at the London School of Economics (UK), the University of Pennsylvania (USA) and the University of Chicago (USA; Graduate School of Business and Booth School of Business).
His list of academic publications is very extensive. Here are most recent examples:
Kolm, Julian, Laux, Christian, Loranth, Gyöngyi (Forthcoming): Bank Regulation, CEO Compensation, and Board, in: Review of Finance.
Laux, Christian, Loranth, Gyöngyi, Morrison, Alan D. (2017): The Adverse Effect of Information on Governance and Leverage, in: Management Science (MS).
Laux, Christian, Rauter, Thomas (2016): Procyclicality of US Bank Leverage, in: Journal of Accounting Research.
Laux, Christian (2016): The economic consequences of extending the use of fair value accounting in regulatory capital calculations: A discussion, in: Journal of Accounting and Economics 62 (2-3), 204-208.
Doherty, Neil, Laux, Christian, Mürmann, Alexander (2015): Insuring Nonverifiable Losses, in: Review of Finance 19 (1): S. 283-316.
Laux, Christian (2012): Financial Instruments, Financial Reporting, and Financial Stability, in: Accounting and Business Research 42 (3): 1-22.
Laux, Christian, Leuz, Christian (2010): Did Fair-Value Accounting Contribute to the Financial Crisis?, in: Journal of Economic Perspectives 24 (1): 93-118.
Laux, Christian, Mürmann, Alexander (2010): Financing risk transfer under governance problems: Mutual versus stock insurers, in: Journal of Financial Intermediation 19 (3): S. 333-354.