Is CEO Cash Compensation Punished for Poor Firm Performance?

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

Halbert White · Econometrica · 1980 · 25.8K citations

Empirical Finance, Econometric Model, Volatility Modeling +13

Risk, Return, and Equilibrium: Empirical Tests

Eugene F. Fama, James D. MacBeth · Journal of Political Economy · 1973 · 14.9K citations

Empirical Finance, Investment Strategy, Economics +12

Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches

Mitchell A. Petersen · Review of Financial Studies · 2008 · 10.9K citations · Full text

Moral Hazard and Observability

Bengt Holmström · The Bell Journal of Economics · 1979 · 8.4K citations

Ethical Dilemma, Game Theory, Moral Hazard +17

The behavior of maximum likelihood estimates under nonstandard conditions

Peter J. Huber · Project Euclid (Cornell University) · 1967 · 4.8K citations

Parameter Estimation, Engineering, Nonstandard Conditions +4