A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation (with R. Inderst and F. Fecht)
Financial Management, 2026, Vol. 55 (2), 209-228
Dynamic Multitasking and Managerial Investment Incentives
(with F. Hoffmann) Journal of Financial Economics, 2021, Vol. 142, 954-974
AFA 2015 Meetings Paper
A Simple Macroeconomic Model with Extreme Financial Frictions
(with N. Klimenko and J.C. Rochet) Journal of Mathematical Economics, 2017, Vol. 68, 92-102
Securitization and Compensation in Financial Institutions
(with R. Inderst) Review of Finance, 2013, Vol. 17, 1323-1364
Coverage in German newspaper "Frankfurter Allgemeine Sonntagszeitung" (December 13th 2009): "Reguliert die Boni nicht"
Reward for Luck in a Dynamic Agency Model
(with F. Hoffmann) Review of Financial Studies, 2010, Vol. 23 (9), 3329-3345
(with N. Klimenko, J.C. Rochet and G. De Nicolò)
Calibrating Compensation for Overconfident CEOs: Separating Optimism from Miscalibration (with I. Dittmann)
Dividend Regulation and Risk-Taking in a Dynamic Model of Banking (with F. Hoffmann)
An "Image Theory" of RPM, R&R Journal of Retailing
(with R. Inderst)
Endogenous Minsky Moments (with S. Gryglewicz and A. Rivera)
The Academic Adoption Index: Measuring the Practice-Theory Gap in Corporate Finance (with E. Needler)