Articles in refereed journals
| 39 | The impact of regulation on risk and return Koziol, C./Kuhn, S., Economics Letters, 2023, Vol. 228. |
| 38 | ESG Risk Premia and the Impact of ESG Awareness: Differences between the US and the EMU market Koziol, C./Kuhn, S., Journal of Portfolio Management, 2023, Vol. 49 (6), p.158-171. |
| 37 | Company Cost of Capital and Leverage: A Simplified Textbook Relationship Revisited Haag, V./Koziol, C., Schmalenbach Journal of Business Research (SBUR), 2023, Vol.75 (1), p.37-69. |
| 36 | Contingent Convertible Bonds: Optimal Call Strategy and the Impact of Refinancing Koziol, C./Roßmann, P., Journal of Corporate Finance, 2022, Vol. 77. |
| 35 | The Price of Being Green Koziol, C./Proelss, J./Roßmann, P./Schweizer, D., Finance Research Letters, 2022, Vol. 50. |
| 34 | Tail Risk Management and the Skewness Premium Kipp, M./Koziol, C., Journal of Asset Management, 2022, Vol. 23 (6), p. 534-546. |
| 33 | Does model complexity improve pricing accuracy? The case of CoCos Koziol, C./Weitz, S., Review of Derivatives Research, 2021, Vol. 24 (3), p. 261-284. |
| 32 | An explanation for momentum with a rational model under symmetric information – Evidence from cross country equity markets Koziol, C./Proelss, J., Journal of International Financial Markets, Institutions and Money, 2021, Vol. 70. |
| 31 | Which is the Correct Discount Rate? Arithmetic Versus Geometric Mean Kipp, M./Koziol, C., Credit and Capital Markets, 2020, Vol. 53 (3), p. 355-381. |
| 30 | Capital Market Equilibrium With Imperfect Competition: The Case of the ECB’s Asset Purchase Programme Koziol, C./Neus, W., Schmalenbach Business Review (sbr), 2020, Vol. 72 (3), p. 369-391. |
| 29 | How Do Speculators in Agricultural Commodity Markets Impact Production Decisions and Commodity Prices? A Theoretical Analysis Koziol, C./Treuter, T., European Financial Management, 2019, Vol. 25 (3), p. 718-743. |
| 28 | Contingent CDS: Accurate and Approximate Pricing Koziol, C./Schön, T., Journal of Credit Risk, 2016, Vol. 12 (1), p. 75-95. |
| 27 | How to Pay Envious Managers – A Theoretical Analysis Crummenerl, M./Doll, T./Koziol, C., European Financial Management, 2015, Vol. 21 (4), p. 811-832. |
| 26 | Do Correlated Defaults Matter for CDS Premia? An Empirical Analysis Koziol, C./Koziol, P./Schön, T., Review of Derivatives Research, 2015, Vol. 18 (3), p. 191-224. |
| 25 | From Wall Street to Main Street – How Banks can offload their Asset Risk onto Retail Investors Crummenerl, M./Koziol C., Schmalenbach Business Review (sbr), 2015, Vol. 67 (3), p. 290-332. |
| 24 | What drives Contagion in Financial Markets? Liquidity Effects versus Information Spill-Over Haß, L./Koziol, C./Schweizer, D., European Financial Management, 2014, Vol. 20 (3), p. 548-573. |
| 23 | Contingent capital makes credit crunches less likely - but do banks want to have it? Crummenerl, M./Heldt, K./Koziol, C., Review of Managerial Science, 2014, Vol. 8 (2), p. 175-196. |
| 22 | A simple correction of the WACC discount rate for default risk and bankruptcy costs Koziol, C., Review of Quantitative Finance and Accounting, 2014, Vol. 42 (4), p. 653-666. |
| 21 | Bank Financing with Structured Products – How to make Contingent Convertibles work Crummenerl, M./Koziol, C., Die Unternehmung – Swiss Journal of Business Research and Practice, 2014, Vol. 68 (2), p. 108-128. |
| 20 | Are Private Equity Investors Boon or Bane for an Economy? - A Theoretical Analysis Ernst , S./Koziol, C./Schweizer, D., European Financial Management, 2013, Vol. 19 (1), p. 180-207. |
| 19 | Contingent convertibles. Solving or seeding the next banking crisis? Koziol, C./Lawrenz, J., Journal of Banking and Finance, 2012, Vol. 36 (1), p. 90-104. |
| 18 | Creeping-In als neues Instrument der Unternehmenskontrolle – Taktische Meisterleistung oder unkalkulierbares Risiko? Koziol, C./Noël, P./Schweizer, D., Zeitschrift für Betriebswirtschaft (ZfB), 2011, Vol. 81, p. 833-854. |
| 17 | Who Should Merge with Whom? Financial Benefits and Costs from Mergers and Acquisitions Koziol, C./Theis, M., Kredit und Kapital, 2011, Vol. 44 (3), p. 393-417. |
| 16 | Do Institutional Investors Care About the Ambiguity of Their Assets? – Evidence From Portfolio Holdings in Alternative Investments Koziol, C./Proelss, J./Schweizer, D., International Journal of Theoretical and Applied Finance, 2011, Vol. 14, p. 465-484. |
| 15 | Optimal Design of Rating-Trigger Step-Up Bonds: Agency Conflicts Versus Asymmetric Information Koziol, C./Lawrenz, J., Journal of Corporate Finance, 2010, Vol. 16, p. 182-204. |
| 14 | Why Adding Firm Value With a Put Feature in Debt Contracts is Better Than Renegotiation Koziol, C., Review of Managerial Science, 2010, Vol. 4, p. 53-90. |
| 13 | Impact of Imperfect Information on the Optimal Exercise Strategy for Warrants Koziol, C., European Financial Management, 2010, Vol. 16, p. 374-399. |
| 12 | What Makes a Bank Risky? --- Insights From the Optimal Capital Structure of Banks Koziol, C./Lawrenz, J., Journal of Banking and Finance, 2009, Vol. 33, p. 861-873. |
| 11 | Optimal Credit Ratings Herzog, S./ Koziol, C./Thabe, T., International Journal of Theoretical and Applied Finance, 2008, Vol. 11, p. 225-247. |
| 10 | Valuation of Bond Illiquidity: An Option-Theoretical Approach Koziol, C./Sauerbier, P., Journal of Fixed Income, 2007, Vol. 16 (4), p. 81-107. |
| 9 | Do Good or Bad Firms Pledge More Collateral? Koziol, C., International Journal of Managerial Finance, 2007, Vol. 3 (2), p. 132-163. |
| 8 | Bond Portfolio Optimization: A Risk Return Approach Korn, O./Koziol, C., Journal of Fixed Income, 2006, Vol. 15 (4), p. 48-60. |
| 7 | Empirical Exercise Behavior of Warrant Holders and its Consequences for Warrant Values Koziol, C., International Journal of Theoretical and Applied Finance, 2006, Vol. 9 (2), p. 245-268. |
| 6 | Optimal Debt Service: Straight vs. Convertible Debt Koziol, C., Schmalenbach Business Review (sbr), 2006, Vol. 58 (2), p. 124-151. |
| 5 | Optimal Exercise Strategies for Corporate Warrants Koziol, C., Quantitative Finance, 2006, Vol. 6 (1), p. 37-54. |
| 4 | When Does Single-Source Versus Multiple-Source Lending Matter? Koziol, C., International Journal of Managerial Finance, 2006, Vol. 2 (1), p. 19-48. |
| 3 | Streben Unternehmen nach ihrem optimalen Rating? Theorie und Evidenz vom deutschen Kapitalmarkt Koziol, C./Thabe, T., Zeitschrift für Betriebswirtschaft (ZfB), 2005, Vol. 75 (10), p. 919-946. |
| 2 | Pflichtwandelanleihen: Bewertung und Aktienkursreaktion bei Emission Koziol, C./Sauerbier, P., Die Betriebswirtschaft (DBW), 2005, Vol. 65 (1), p. 21-42. |
| 1 | Valuation of Convertible Bonds with Sequential Conversion Bühler, W./Koziol, C., Schmalenbach Business Review (sbr), 2002, Vol. 54 (4), p. 302-334. |
Monographs
| 2 | Optimale Gestaltung von Fremdkapitaltiteln Koziol, C., Habilitationsschrift, 2007, Universität Mannheim. |
| 1 | Valuation of Convertible Bonds when Investors Act Strategically Koziol, C., Beiträge zur betriebswirtschaftlichen Forschung, 2004, Bd. 110 (braune Reihe). |
Further publications
| 14 | Corporate Green Bonds: Kosten oder Ersparnis durch eine nachhaltige Unternehmensfinanzierung Koziol, C./Roßmann, P., CORPORATE FINANCE, 2022, Nr. 5-6/2022, S. 130-135. |
| 13 | ESG-Risikomanagement und Renditeerwartung Koziol, C./Roßmann, P., FIRM (Frankfurter Insitut für Risikomanagement und Regulierung) Jahrbuch 2022, S. 33-35. |
| 12 | Der Transparenz und dem mündigen Anleger verpflichtet Johanning, L./Koziol, C./Müller, S./Rudolph, B./Schiereck, D., Zeitschrift für das gesamte Kreditwesen, 2019, Vol. 72 (17), p. 860-865. |
| 11 | Complexity of Financial Products: a Quantitative and Economic Approach Koziol, C./Roßmann, P./Weitz, S., Discussion Paper (Deutscher Derivate Verband e.V. (DDV), the German Derivatives Association), 2018. |
| 10 | Risikomanagement als Erfolgsfaktor im Asset Management Koziol, C., FIRM (Frankfurter Insitut für Risikomanagement und Regulierung) Jahrbuch 2018, S. 31-32. |
| 9 | Gesamtkosten und Kostenkomponenten bei der Anlage in Zertifikate Müller, S./Johanning, J./Koziol, C./Schiereck, D./Rudolph, B., Discussion Paper (Deutscher Derivate Verband e.V. (DDV), the German Derivatives Association), 2017. |
| 8 | Do correlated defaults matter for CDS premia? An empirical analysis Koziol, C./Koziol, P./Schön, T., Deutsche Bundesbank Discussion Paper, Nr. 21/2014, p. 1-40. |
| 7 | Praktische Umsetzung des WACC-Ansatzes bei Ausfallrisiko Koziol, C./Treuter, T., Bewertungspraktiker, 2014, Nr. 1, p. 5-11. |
| 6 | Welche Auswirkungen hat eine Finanztransaktionssteuer auf Optionsmärkte? Koziol, C., Discussion Paper (Deutscher Derivate Verband e.V. (DDV), the German Derivatives Association), 2012. |
| 5 | WACC-Bewertung und Default Risk Koziol, C./Schweizer, D., Der Treasurer, 2012, Nr. 4, p. 24. |
| 4 | Warum steigt das Zertifikat, wenn der Basiswert stagniert? Koziol, C., Finanz und Wirtschaft, 2011, Nr. 4, p. 16-20. |
| 3 | Gesetz zur Vorbeugung gegen missbräuchliche Wertpapier- und Derivategeschäfte Elsas, R./Johanning, L./Koziol, C./Müller, S./Rudolph, B./Schiereck, D., Zeitschrift für das gesamte Kreditwesen, 2010, Vol. 63 (14), p. 747-749. |
| 2 | Procyclicality in a One-Period Model of Banking Regulation: in the Case of Limited Liability Bühler, W./Koziol, C./Sygusch, V., in: Oehler, A./Terstege, U. (Hrsg.): Finanzierung, Investion und Entscheidung. Einzelwirtschaftliche Analysen zur Bank- und Finanzwirtschaft, 2008, Bank-Verlag Wien, p. 135-160. |
| 1 | Banking Regulation and Financial Accelerators: A One-Period Model with Unlimited Liability Bühler, W./Koziol, C., in: Franz, W./Ramser, H.J./Stadler, M. (Hrsg.): Funktionsfähigkeit und Stabilität von Finanzmärkten, Wirtschaftswissenschaftliches Seminar Ottobeuren, 2005, Bd. 34, p. 183-210. |
Working papers
Timing Ability of Corporate and Financial Issuers: Evidence from the German Market Koziol, C./Vogt, J., 2015 |
The Risk of Low Volatility Stocks: A Theoretical Explanation for an Empirical Puzzle Crummenerl, M./Koziol, C., 2014 |
Awards
FIRM Jahrbuchpreis 2022 for the paper ESG-Risikomanagement und Renditeerwartung by Christian Koziol and Philipp Roßmann |
Maravon Best Ph.D. thesis Award 2016: Thomas Schön Analyse von Ausfallrisiken |
RWT Best Ph.D. thesis Award 2016: Marc Crummenerl Essays on Asset Pricing and Derivatives. |
European Financial Management Readers' Choice Best Paper Award 2014 for the paper Are Private Equity Investors Boon or Bane for an Economy?, published in European Financial Management. |
| Outstanding Paper Award 2007 of the Emerald LiteratiNetwork for the paper When does single-source versus multiple-source lending matter?, published in the International Journal of Managerial Finance. |
| Award for Ph.D. thesis Valuation of Convertible Bonds when Inverstors Act Strategically. Subsidy award 2004 of the Prechel-Stiftung e.V. for outstanding academic achievements. |
| Outstanding Paper Award 2002 of the Deutsche Gesellschaft für Finanzwirtschaft (DGF) for the article Valuation of Bond Illiquidity: An Option-Theoretical Approach, co-authored by P. Sauerbier. |