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Wilfrid Laurier University Lazaridis School of Business & Economics
December 4, 2016
Canadian Excellence


Financial Services Research Centre

Congratulations to Si LI

Mar 19/13

Si Li won a best paper award in China's most prestigious finance conference. Please see under "Best Papers in Corporate Finance"

"In this paper, we are the first to introduce the role of parameter uncertainty into the principal agent literature. We find that uncertainty has qualitatively different implications than risk in studying executive incentives. That is, we find that in contrast to the standard negative risk-incentive trade-off in the standard principal agent literature, our model generates a positive relation between profitability uncertainty and incentives. We also provide empirical support for our theoretical prediction."

This association gives best paper awards to a few selected papers each year, and there is prize money of $1500.

Si Li's paper was recently accepted at Management Science (one of the 45 Financial Times journals). Another of her paper's was conditionally accepted at Financial Review and the condition is to do a copy editing of the paper using a copy editor.

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