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Prof. Dr. Roman Kräussl

Roman Kräussl

Full professor in Finance

Academic Area(s) Finance
Research Topics Alternative Investments
Faculty or Centre Faculty of Law, Economics and Finance
Department Department of Finance
Postal Address Campus Kirchberg, Université du Luxembourg
6, rue Richard Coudenhove-Kalergi
L-1359 Luxembourg
Campus Office F 110
Telephone (+352) 46 66 44 5442
Speaks Dutch, English, German
Research Stays in Belgium, Germany, Greece, Hungary, Luxembourg, Netherlands, USA, Israel

Dr. Roman Kräussl is Professor at the Department of Finance and Visiting Fellow at the Hoover Institution at Stanford University. 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. 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. His research focuses on Alternative Investments, including private equity and infrastructure. 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 international summits. Dr. Kräussl publishes his academic research in leading economic journals such as Review of Financial StudiesManagement Science, Journal of Financial and Quantitative Analysis, and Strategic Management Journal. His work has been featured in The Economist,  the Wall Street Journalthe Financial Times, the New York TimesForbes' Annual Investment Guide, Fortune, Guardian and on CNBC. He has taught numerous Executive MBA courses at the Amsterdam School of Finance and Goizueta Business School at Emory University, Atlanta. Recently, Dr. Kräussl developed in cooperation with Christie's Education the Art & Finance Executive Program






Last updated on: Thursday, 18 March 2021

Last updated on: 14 Sep 2021


  • “Institutional Investors and Infrastructure Investing”, 2021, with Aleksandar Andonov and Joshua M. Rauh. Review of Financial Studies, 34(8), 3880-3934.
  • “Gendered Prices”, 2021, with Renee B. Adams, Marco A. Navone, and Patrick Verwijmeren. Review of Financial Studies, 34(8), 3789-3839.
  • “Fractional Equity, Blockchain, and the Future of Creative Work”, 2020, with Amy Whitaker. Management Science 66(10), 4594-4611.
  • “Does it Pay to Invest in Art? A Selection-Corrected Returns Perspective”, 2016, with Arthur Korteweg and Patrick Verwijmeren. Review of Financial Studies 29(4), 1007-1038.
  • “Risk and Expected Returns of Private Equity Investments: Evidence Based on Market Prices”, 2015, with Narasimhan Jegadeesh and Joshua M. Pollet. Review of Financial Studies 28(12), 3269-3302.


Last updated on: 02 Aug 2021