Prof. Dr. Roman Kräussl

Roman Kräussl

Full professor in Finance

Fachgebiet(e) Finance
Forschungsthemen Alternative Investments
Fakultät oder Zentrum Fakultät für Recht, Wirtschaftswissenschaften und Finanzwirtschaft
Department Fachbereich Finanzwirtschaft
Postadresse Campus Kirchberg, Université du Luxembourg
6, rue Richard Coudenhove-Kalergi
L-1359 Luxembourg
Büroadresse F 110
Telefon (+352) 46 66 44 5442
Gesprochene Sprachen Dutch, English, German
Forschungsaufenthalte 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 art, 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 The Journal of FinanceThe Review of Financial Studies, and Management Science. His work has been extensively featured in The Economist, Wall Street JournalFinancial TimesNew York TimesForbes' Annual Investment Guide, Fortune, Guardian and on CNBC. As principal investigator (PI) he has raised over the last three years EUR 2 million in external research funding. 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: Donnerstag, den 13. Januar 2022

Last updated on: 04 Nov 2021

  • Biased Auctioneers, 2022, with Mathieu Aubry, Gustavo Manso, and Christophe Spaenjers. Journal of Finance, forthcoming.
  • Institutional Investors and Infrastructure Investing, 2021, with Aleksandar Andonov and Joshua D. 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: 16 Jun 2022