Department of International Economics, Government and Business

Professor with special responsibilities

Room: POR/24.A-2.55

My research interests revolve around understanding managerial choices. In one of my projects, I elicit risk preferences of U.S. executives from their option exercising behavior and use these data to explain sorting into certain economic environments and risk-taking decisions. I am also interested in the social and moral constraints of top executives pay that result from the institutional and individual environment to which the manager is exposed to. More recently, I became interested in the drivers and consequences of population aging and economic inequality in the context of corporate governance and top decision making.

Primary research areas
  • Managerial behavior
  • Top executive wages
  • CEO popularity
  • Neurobiology
  • Social online networks
Social media
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Corporate Governance (Advanced Finance & Economics)
Corporate Governance (Master's and BA levels)


Various topics in corporate finance, behavioral finance, industrial organization and strategic management

Selected publications

JP Vergne, Georg Wernicke, Steffen Brenner (2018) Signal Incongruence and Its Consequences: A Study of Media Disapproval and CEO Overcompensation. Organization Science 29(5):796-817.

Steffen Brenner / The Risk Preferences of U.S. Executives In: Management Science, Vol. 61, No. 6, 2015, p. 1344-1361

Self-disclosure at international cartels, Journal of International Business Studies, 2011, 42, 221-234.

On the irrelevance of insider trading for managerial compensation, European Economic Review, 2011, 55(2), 293-303.

Publications sorted by:
Steffen Brenner; Sezen Aksin Sivrikaya; Joachim Schwalbach / Who Is on LinkedIn? Self-selection into Professional Online Networks
In: Applied Economics, Vol. 52, No. 1, 1.2020, p. 52-67
Journal article > peer review
Jean-Philippe Vergne; Georg Wernicke; Steffen Brenner / Signal Incongruence and Its Consequences : A Study of Media Disapproval and CEO Overcompensation.
In: Organization Science, Vol. 29, No. 5, 9.2018, p. 796-817
Journal article > peer review
Jean-Philippe Vergne; Georg Wernicke; Steffen Brenner / Smoke Signal or Smoke Screen? : Why the Media Do Not Disapprove Equally or Overpaid CEOs.
Paper presented at The 15th European Academy of Management Conference (EURAM) 2015, 2015
Paper > peer review
Steffen Brenner / The Risk Preferences of U.S. Executives
In: Management Science, Vol. 61, No. 6, 2015, p. 1344-1361
Journal article > peer review
Steffen Brenner / Location (Hotelling) Games and Applications
In: Wiley Encyclopedia of Operations Research and Management Science. ed. /James J. Cochran; Louis Anthony Cox Jr.; Pinar Keskinocak; Jeffrey P. Kharoufeh; J. Cole Smith . : Wiley 2011
Encyclopedia chapter > peer review
Steffen Brenner / On the Irrelevance of Insider Trading for Managerial Compensation
In: European Economic Review, Vol. 55, No. 2, 2011, p. 293-303
Journal article > peer review
Steffen Brenner / Self-Disclosure at International Cartels
In: Journal of International Business Studies, Vol. 42, No. 2, 2011, p. 221-234
Journal article > peer review
Steffen Brenner / Passive Shareholders and Active Managers : An Empirical Test of Admati and Pfleider's Hypothesis.
In: Applied Financial Economics, Vol. 20, No. 4, 2010, p. 275-291
Journal article > peer review
Research Projects
Outside activities

2018 - CBS Executive - Teaching 

2019 - CBS Executive - Teaching