Pfeil, S. and Hoffmann, F. (2010). Reward for luck in a dynamic agency model Review of Financial Studies, 23(9):3329--3345.
3 Key Publications
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Verwijmeren, P. and Derwall, J. (2010). Employee well-being, leverage, and bankruptcy costs Journal of Banking and Finance, 34(5):956--964.
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Dittmann, I., Maug, E. and Spalt, O. (2010). Sticks or carrots? Optimal CEO compensation when managers are loss-averse The Journal of Finance, 65(6):2015--2050.