Professor of Finance

Academic Area(s) Finance
Research Topics Alternative Investments, Behavioral Finance
Faculty or Centre Faculté de Droit, d'Economie et de Finance
Research Unit LSF
Postal Address Université du Luxembourg
4, rue Albert Borschette
L-1246 Luxembourg
Campus Office Site K2, Building B2, 2.06A
Telephone (+352) 46 66 44 5442
Social Media & Blogs
Speaks Dutch, English, German
Research Stays in Belgium, Germany, Greece, Luxembourg, Netherlands, USA, Israel

Dr. Roman Kräussl is Professor of Finance at the Luxembourg School of Finance. He studied Economics at the University of Bielefeld and got his PhD in Financial Economics at the Center for Financial Studies (CFS) at Goethe-University Frankfurt/Main. As Head of Quantitative Research at Cognitrend GmbH, a spin-off from Deutsche Bank specialized in behavioural finance and the development of mathematical trading models, he was closely involved with the financial industry. Dr. Kräussl also holds a position as adjunct Professor of Finance at Goizueta Business School, Emory University, Atlanta, and is research fellow at the CFS and at the Emory Center for Alternative Investments (CAI).

His research focuses on Alternative Investments and Behavioral Finance. He established the website, where he publishes some of his recent work on art as an alternative asset class. He is contributing editor at Art+Auction and author of its monthly Databank column. He regularly writes for Manager Magazin, the leading German monthly business magazine, on passion investments and the psychology of collecting. He presents his findings at key academic conferences and is regularly asked to chair various art-finance related, international summits and venues. Dr. Kräussl publishes his academic research in leading economic journals such as Review of Financial StudiesJournal of Financial and Quantitative Analysis, Strategic Management Journal, and Journal of Corporate Finance. His work has been featured in the Wall Street Journal, the New York Times, and Forbes' Annual Investment Guide. He has taught numerous MBA courses at the Amsterdam School of Finance and Goizueta Business School, among others.

Last updated on: Monday, 17 October 2016

Last updated on: 20 Sep 2016

Does it pay to invest in art? A selection-corrected returns perspective, with A. Korteweg and P. Verwijmeren, Review of Financial Studies 29(4)1007-1038, 2016.

Risk and expected returns of private equity investments: Evidence based on market prices, with N. Jegadeesh and J. Pollet, Review of Financial Studies 28(12), 3269-3302, 2015.

Cash flow and discount rate risk in up and down markets: What is actually priced?, with M. Botshekan and A. Lucas, Journal of Financial and Quantitative Analysis 47(6), 1279-1301, 2012.

Doing good deeds in times of need: A strategic perspective on corporate disaster donations, with A. Muller, Strategic Management Journal 32(9), 911-929, 2011.

Last updated on: 18 May 2016