Christian Laux is WU researcher of the month
VGSF faculty member Christian Laux is WU researcher of the month December. In his research video he talks about the topic "Did banks underreport losses and delay disclosures during the financial crisis?".
Politicians, regulators, and pundits have criticized banks' financial reporting as a key culprit of the problem in the financial crisis 2008–2009 and have called for changes. But is the criticism really justified? What changes are necessary? In a recent study, Professor Christian Laux from the Institute for Finance, Banking and Insurance at WU (Vienna University of Economics and Business) and his co-authors examine the disclosure and recognition of losses of international banks during the financial crisis. The authors also investigate the consequences of a regulation that reduces the impact of losses on banks’ required regulatory capital. The evidence is important to guide standard setting and recent debates in bank regulation.
The title Researcher of the Month is awarded every month as a special recognition and appreciation of the research achievements of the distinguished person.
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