Institute for Finance & Banking

Links and Functions
Language Selection

Breadcrumb Navigation



Refereed Publications

Elsas, Ralf; Hoffmann, Sabine; Schönbrodt, Felix; Wilson, Rory; Strasser, Ulrich; Boulesteix, Anne-Laure. "The multiplicity of analysis strategies jeopardizes replicability: lessons learned across disciplines", Royal Society Open Science: The Royal Society Publishing, 21 April, 2021.

Reinke, Martin. “Risk Neutral Density Estimation: Looking at the Tails” The Journal of Derivatives (2020): 27(3), 99-125.

Schauer, Catharina; Elsas, Ralf; Breitkopf, Nikolas. "A New Measure of Financial Constraints Applicable to Private and Public Firms", forthcoming Journal of Banking and Finance.

Elsas, Ralf; David Florysiak. "Dynamic Capital Structure Adjustment and the Impact of Fractional Dependent Variables",  Journal of Financial and Quantitative Analysis 50 (2015): 1105-1133..

Elsas, Ralf; Flannery, Mark; Garfinkel, Jon. “Financing Major Investments: Information about Capital Structure Decisions” Review of Finance (2013): 1-46.

Elsas, Ralf; Florysiak, David. “Heterogeneity in the speed of adjustment toward target leverage” International Review of Finance 11 (2011): 11, 181-212.

Elsas, Ralf; Hackethal, Andreas; Holzhäuser, Markus. “The anatomy of bank diversification” Journal of Banking and Finance 34 (2010): 1274-1287.

Elsas, Ralf; Mielert, Sabine. „Unternehmenskrisen und der Wirtschaftsfonds Deutschland“ Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung 61/10 (2010): 18-37.

Elsas, Ralf; Florysiak, David. “Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues” Zeitschrift für Betriebswirtschaft 6 (2008): 39-71.

Elsas, Ralf; Löffler, Yvonne. “Universal Banks, Corporate Control, and Equity Carve-Outs in Germany” Kredit und Kapital 4 (2008): 557-587.

Elsas, Ralf. “Empirical determinants of relationship lending” Journal of Financial Intermediation 14 (2005): 32-57.

Elsas, Ralf; El-Shaer, Mahmoud; Theissen, Erik. “Beta and returns revisited: evidence from the German stock market” Journal of International Markets, Institutions and Money 13 (2003): 1-18.

Elsas, Ralf; Krahnen, Jan Pieter. “Is relationship lending special? Evidence from credit-file data in Germany” Journal of Banking and Finance 22 (1998): 1283-1316.

Other Publications

Catharina, Klepsch; Wollmershäuser Timo. “Yield Spreads on EMU Government Bonds. How the Financial Crisis Has Helped Investors to Rediscover Risk” Intereconomics - Review of European Economic Policy 46/3 (2011): 169-176.

Elsas, Ralf. „Ist eine Europäische Ratingagentur sinnvoll? Ja, aber als Benchmark nicht als direkter Konkurrent“ ifo-Schnelldienst 01/2010.

Elsas, Ralf; Krahnen, Jan Pieter; Schmidt, Reinhard. “Universal Banks and Relationships with Firms” The German Financial System, Oxford. Oxford University (2004).

Ralf, Elsas, 2001, „Die Bedeutung der Hausbank - Eine ökonomische Analyse“ , Gabler.

Working Papers

Elsas, Ralf; Schoch, Daniela. "Single Firm/Single Event-Analyses: Robust Inference in Litigation", Working Paper, LMU Munich, 2019

Elsas, Ralf; Catharina, Schauer. "When Do Firms Adjust Their Investments Toward Targets?", Working Paper, LMU Munich, 2017

Catharina, Klepsch; Szabo, Tea. “Financial constraints of private SMEs in Germany: Measurment and consequences on corporate policies”, Working Paper, LMU Munich, 2014. Munich Finance Day, 2012, DGF Ph.D. Workshop 2012, Best Ph.D. Student Paper Award, DGF 2012.

Breitkopf, Nikolas; Ralf Elsas. "From Underleverage to Excess Debt: The Changing Environment of Corporate Debt", Working Paper, LMU Munich, 2012.

Ralf, Elsas; Mielert, Sabine. “Rating validation based on shocks to firm’s credit quality”, Working Paper, LMU Munich, 2011

Elsas, Ralf; Heinemann, Frank; Tyrell, Marcel. “Multiple but Asymmetric Bank Financing: The Case of Relationship Lending”, Working Papers, 2004.

Elsas, Ralf. “Preemptive Distress Resolution Through Bank Mergers” Working Paper, LMU Munich, 2007.