The Effect of a Large Shareholder on Corporate Value

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

Production, Information Costs and Economic Organization

1996 • 9,220 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

The Modern Corporation and Private Property

1933 • 7,939 citations

Management ownership and market valuation

1988 • 7,109 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

Performance pay and top-management incentives

1990 • 4,638 citations

Outside directors and CEO turnover

1988 • 4,411 citations

Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation

1980 • 3,168 citations

Aggregation and Linearity in the Provision of Intertemporal Incentives

1987 • 2,932 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

The role of majority shareholders in publicly held corporations

1988 • 1,271 citations

Private benefits from control of public corporations

1989 • 1,210 citations

Equity ownership concentration and firm value

1989 • 899 citations

Large-block transactions, the speed of response, and temporary and permanent stock-price effects

1990 • 468 citations

Negotiated Block Trades and Corporate Control

1991 • 440 citations

The distribution of power among corporate managers, shareholders, and directors

1988 • 438 citations

Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence

1991 • 197 citations

Monitoring and Hierarchies: The Marginal Value of Information in a Principal-Agent Model

1985 • 72 citations

Monitoring multiple agents

1987 • 23 citations