Working Papers

• The additional costs of CEO compensation: The effect of relative wealth concerns of employees, Christoph Schneider, and Yuhao Zhu

• The corporate calendar and the timing of share repurchases and equity compensation?, with Amy Yazhu Li, Stefan Obernberger, and Jiaqi Zheng

• Calibrating Compensation for Overconfident Managers: Separating Optimism from Miscalibration, with Sebastian Pfeil

Permanent working papers:

• Note on the calibration of executive compensation models, 2011, with Dan Zhang, Ernst Maug, and Oliver Spalt

• Biases and error measures: How to compare valuation methods?, 2008, with Ernst Maug

• “Measuring Private Benefits of Control from the Returns of Voting and Non-Voting Shares, 2004

• “Block Trading, Ownership Structure, and the Value of Corporate Votes, 2004