Details about Christoph Kaserer

Access statistics for papers by Christoph Kaserer.

Last updated 2023-12-05. Update your information in the RePEc Author Service.

Short-id: pka378

Working Papers

2015

1. Does contingent capital induce excessive risk-taking?
   Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich View citations (56)
   See also Journal Article Does contingent capital induce excessive risk-taking?, Journal of Financial Intermediation, Elsevier (2015) View citations (43) (2015)

2011

2. Convert-to-Surrender Bonds: A Proposal of How to Reduce Risk-Taking Incentives in the Banking System
   VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis, Verein für Socialpolitik / German Economic Association View citations (3)
3. Risikofaktoren und Multifaktormodelle für den Deutschen Aktienmarkt (Risk Factors and Multi-Factor Models for the German Stock Market)
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (2)

2010

4. Controlling shareholders and payout policy: do founding families have a special 'taste for dividends'?
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (6)
5. DAXplus family: Ein Aktienindex zur Darstellung der Performance von Familienunternehmen
   (DAXplus Family – Primer on a family firm stock index in Germany)
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (2)
6. Geographic location of a new venture and the likelihood of a venture capital investment
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (1)
7. Risk, return and cash flow characteristics of infrastructure fund investments
   EIB Papers, European Investment Bank, Economics Department View citations (31)
8. Simulation-based valuation of project finance: does model complexity really matter?
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)

2009

9. Capital structure decisions in family firms: empirical evidence from a bank-based economy
   CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (6)
10. International financial reporting standards and earnings Quality: the myth of voluntary vs. mandatory adoption
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (12)
11. Market liquidity risk: an overview
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (3)
12. Measuring market liquidity risk - which model works best?
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (4)
    See also Journal Article Measuring market liquidity risk - which model works best?, Journal of Financial Transformation, Capco Institute (2012) (2012)
13. Net asset value discounts in listed private equity funds
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (2)
14. Objektivierte Unternehmensbewertung und Anteilseignersteuern
    arqus Discussion Papers in Quantitative Tax Research, arqus - Arbeitskreis Quantitative Steuerlehre
15. The German entrepreneurial index (GEX®): a primer on an ownership-based style index in Germany
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (1)
16. The impact of managerial ownership, monitoring and accounting standard choice on accrual mispricing
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (2)

2008

17. Linking credit risk premia to the equity premium
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
18. Market efficiency reloaded: why insider trades do not reveal exploitable information
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
    See also Journal Article Market Efficiency Reloaded: Why Insider Trades do not Reveal Exploitable Information, German Economic Review, Verein für Socialpolitik (2010) View citations (4) (2010)
19. The impact of order size on stock liquidity: a representative study
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (3)
20. The impact of the Sarbanes-Oxley act on the cost of going public
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
21. Why and how to integrate liquidity risk into a VaR-framework
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (1)

2007

22. Entrepreneurship education in German speaking Europe: a mapping
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
23. Private Equity in Deutschland: Rahmenbedingungen, ökonomische Bedeutung und Handlungsempfehlungen; Abdruck des Forschungsgutachtens fe 3/06 "Erwerb und Übernahme durch Finanzinvestoren (insbesondere Private-Equity-Gesellschaften)" für das Bundesministerium der Finanzen
    Publications of Darmstadt Technical University, Institute for Business Studies (BWL), Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL) View citations (6)

2006

24. Insider ownership and corporate performance: evidence from Germany
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
    See also Journal Article Insider ownership and corporate performance: evidence from Germany, Review of Managerial Science, Springer (2008) View citations (20) (2008)
25. Lifting the veil of accounting information under different accounting standards: lessons learned from the German experiment
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
26. Stochastic modeling of private equity: an equilibrium based approach to fund valuation
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)

2005

27. Private equity funds and hedge funds: a primer
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (2)

2004

28. Charakteristika und Erfolgsmerkmale junger, deutscher Unternehmen: Schwerpunkt Finanzierung
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
29. European private equity funds: A cash flow based performance analysis
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (5)
30. The index effect: Comparison of different measurement approaches
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS)
31. What drives cash flow based European private equity returns? Fund inflows, skilled GPs and/or risk?
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (6)

2003

32. Managing investment risks of institutional private equity investors: The challenge of illiquidity
    CEFS Working Paper Series, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) View citations (1)
    See also Chapter Managing Investment Risks of Institutional Private Equity Investors — The Challenge of Illiquidity, Springer Books, Springer (2005) (2005)

1997

33. The German System of Corporate Governance - A Model Which Should Not Be Imitated
    Working Papers, American Institute for Contemporary German Studies- View citations (40)

Journal Articles

2023

1. Corporate restructuring and creditor power: Evidence from European insolvency law reforms
   Journal of Banking & Finance, 2023, 149, (C) View citations (3)
2. Cui bono? Large-scale evidence on the impact of COVID-19 policy measures on listed firms
   The Quarterly Review of Economics and Finance, 2023, 89, (C), 228-243
3. Family firm performance in times of crisis—new evidence from Germany
   Eurasian Business Review, 2023, 13, (3), 543-580 View citations (3)

2022

4. Estimating the market risk premium for valuations: arithmetic or geometric mean or something in between?
   Journal of Business Economics, 2022, 92, (8), 1373-1415

2021

5. Dieses Mal ist alles anders! Coronakrise und KMU-Finanzierung: Editorial
   Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2021, 90, (2), 5-8
6. Dieses Mal ist alles anders! Realwirtschaftliche Aspekte der KMU-Finanzierung im Zuge der Coronakrise: Editorial
   Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2021, 90, (3), 5-6
7. Investor sentiment and the time-varying sustainability premium
   Journal of Asset Management, 2021, 22, (7), 600-621 View citations (1)
8. Unternehmensfinanzierung, Covid-19 und die Rolle von Verbriefungen
   Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2021, 90, (3), 7-38

2019

9. Did UEFA’s financial fair play harm competition in European football leagues?
   Review of Managerial Science, 2019, 13, (1), 113-145 View citations (4)
10. Lo, Andrew W.: Adaptive markets: financial evolution at the speed of thought
    Journal of Economics, 2019, 126, (1), 99-101
11. Systemic Risk in Financial Markets: How Systemically Important Are Insurers?
    Journal of Risk & Insurance, 2019, 86, (3), 729-759 View citations (20)

2018

12. The cost of capital effect of M&A transactions: Disentangling coinsurance from the diversification discount
    European Financial Management, 2018, 24, (4), 650-679 View citations (3)

2017

13. 25 Jahre Fama-French-Modell: Erklärungsgehalt, Anomalien und praktische Implikationen
    Perspektiven der Wirtschaftspolitik, 2017, 18, (2), 98-116
14. Ten Years After: Eine Bilanz der Finanz- und Weltwirtschaftskrise
    ifo Schnelldienst, 2017, 70, (17), 03-16

2015

15. Does contingent capital induce excessive risk-taking?
    Journal of Financial Intermediation, 2015, 24, (3), 356-385 View citations (43)
    See also Working Paper Does contingent capital induce excessive risk-taking?, Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems (2015) View citations (56) (2015)

2014

16. Family firms and R&D behavior – New evidence from a large-scale survey
    Research Policy, 2014, 43, (1), 233-244 View citations (27)
17. Real Earnings Management and Accrual-based Earnings Management in Family Firms
    European Accounting Review, 2014, 23, (3), 431-461 View citations (62)
18. Reprint of: Market liquidity in the financial crisis: The role of liquidity commonality and flight-to-quality
    Journal of Banking & Finance, 2014, 45, (C), 152-170 View citations (26)

2013

19. Importance of spatial proximity between venture capital investors and investees in Germany
    Journal of Business Research, 2013, 66, (11), 2346-2354 View citations (30)
20. Market liquidity in the financial crisis: The role of liquidity commonality and flight-to-quality
    Journal of Banking & Finance, 2013, 37, (7), 2284-2302 View citations (54)

2012

21. Measuring market liquidity risk - which model works best?
    Journal of Financial Transformation, 2012, 35, 133-146
    See also Working Paper Measuring market liquidity risk - which model works best?, CEFS Working Paper Series (2009) View citations (4) (2009)
22. The dynamics of voting ownership in lone-founder, family-founder, and heir firms
    Journal of Family Business Strategy, 2012, 3, (2), 79-96 View citations (8)
23. Vorstandsvergütung und geschäftspolitische Risiken bei Banken: Vergütungsanreize und Risikoverhalten in europäischen und US-amerikanischen Banken im Zuge der Finanzmarktkrise
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2012, 24, (1), 1-11

2011

24. Mehr Aktionärsrechte und weniger Interessenskonflikte für eine verbesserte Corporate Governance
    Die Unternehmung - Swiss Journal of Business Research and Practice, 2011, 65, (4), 320-327
25. The Impact of Liquidity Risk: A Fresh Look
    International Review of Finance, 2011, 11, (3), 269-301 View citations (4)

2010

26. Market Efficiency Reloaded: Why Insider Trades do not Reveal Exploitable Information
    German Economic Review, 2010, 11, (3), 302-335 View citations (4)
    Also in German Economic Review, 2010, 11, (3), 302-335 (2010) View citations (4)
    See also Working Paper Market efficiency reloaded: why insider trades do not reveal exploitable information, CEFS Working Paper Series (2008) (2008)
27. Regulierung und Aufsicht der Banken: Brauchen wir Basel III?
    ifo Schnelldienst, 2010, 63, (03), 03-20 View citations (3)
28. The time-varying risk of listed private equity
    Journal of Financial Transformation, 2010, 28, 87-93 View citations (1)

2009

29. Stellungnahmen zum Finanzmarktstabilisierungsergänzungsgesetz
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2009, 21, (2), 142-152
30. What Drives Private Equity Returns?– Fund Inflows, Skilled GPs, and/or Risk?*
    European Financial Management, 2009, 15, (3), 643-675 View citations (10)

2008

31. Insider ownership and corporate performance: evidence from Germany
    Review of Managerial Science, 2008, 2, (1), 1-35 View citations (20)
    See also Working Paper Insider ownership and corporate performance: evidence from Germany, CEFS Working Paper Series (2006) (2006)
32. Krise des Bankensystems: zu viel Finanzinnovationen, zu wenig Regulierung?
    ifo Schnelldienst, 2008, 61, (21), 03-15
33. The Accrual Anomaly Under Different Accounting Standards – Lessons Learned from the German Experiment
    Journal of Business Finance & Accounting, 2008, 35, (7‐8), 837-859 View citations (13)

2007

34. ZBB-Report. Stellungnahme zum Regierungsentwurf eines Gesetzes zur Modernisierung der Rahmenbedingungen für Kapitalbeteiligungen (MoRaKG)
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2007, 19, (6), 513-516

2006

35. Trends in der Bankenaufsicht als Motor der Überregulierung des Bankensektors – Anmerkungen aus einer politökonomischen Perspektive*
    Perspektiven der Wirtschaftspolitik, 2006, 7, (1), 67-87 View citations (1)

2005

36. Kursreaktionen auf steuerlich veranlasste Sonderausschüttungen – Die Auskehrung von EK 56 im Jahre 1994
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2005, 17, (1), 1-24

2003

37. How Issue Size, Risk, and Complexity are Influencing External Financing Costs: German IPOs Analyzed from an Economies of Scale Perspective
    Journal of Business Finance & Accounting, 2003, 30, (3‐4), 479-512 View citations (7)

2002

38. Der Indexeffekt am deutschen Aktienmarkt und seine Ursachen
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2002, 14, (4), 262-279 View citations (2)
39. The Structure of External Financing Costs and the Economies of Scale View: New Evidence from Seasoned Equity Offerings in Germany
    European Financial Management, 2002, 8, (3), 315-358 View citations (2)

2001

40. Konzernbildung und Ausschluss von Minderheiten im neuen Übernahmerecht: Eine verpasste Chance für einen marktorientierten Minderheitenschutz
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 2001, 13, (5), 317-334

2000

41. Kursreaktionen anläßlich der Börseneinführung von Tochterunternehmen — Signaling oder verbesserte Unternehmenskontrolle in Konzernen?
    Schmalenbach Journal of Business Research, 2000, 52, (6), 537-570

1995

42. Das Underpricing-Phänomen am deutschen Kapitalmarkt und seine Ursachen
    Zeitschrift für Bankrecht und Bankwirtschaft (ZBB) / Journal of Banking Law and Banking (JBB), 1995, 7, (1), 45-68 View citations (5)

Books

2019

1. Börsennotierte Familienunternehmen in Deutschland: Bedeutung, Merkmale, Performance
   Studien, Stiftung Familienunternehmen / Foundation for Family Businesses

Chapters

2007

1. The Impact of Capital Inflows and Management Skills on the Performance of European Private Equity Funds
   Chapter 4 in Entrepreneurship and the Financial Community, 2007

2005

2. Managing Investment Risks of Institutional Private Equity Investors — The Challenge of Illiquidity
   Springer
   See also Working Paper Managing investment risks of institutional private equity investors: The challenge of illiquidity, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS) (2003) View citations (1) (2003)