Large Shareholders, Monitoring, and the Value of the Firm

Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers

1986 • 17,982 citations

A Survey of Corporate Governance

1997 • 15,789 citations

American Economic Review

2019 • 12,528 citations

The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration

1986 • 9,393 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

Management ownership and market valuation

1988 • 7,109 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

Property Rights and the Nature of the Firm

1990 • 5,440 citations

Performance pay and top-management incentives

1990 • 4,638 citations

Insiders and Outsiders: The Choice between Informed and Arm's‐Length Debt

1992 • 3,659 citations

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

1980 • 3,168 citations

Law and Finance

1996 • 3,108 citations

Formal and Real Authority in Organizations

1997 • 2,967 citations

Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders

1996 • 2,916 citations

Managerial control of voting rights

1988 • 2,602 citations

An Incomplete Contracts Approach to Financial Contracting

1992 • 2,160 citations

Market Liquidity and Performance Monitoring

1993 • 1,759 citations

Good Timing: CEO Stock Option Awards and Company News Announcements

1997 • 1,048 citations

Equity ownership concentration and firm value

1989 • 899 citations

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium

1994 • 898 citations

Breach of Trust in Hostile Takeovers

1988 • 728 citations

Market Discounts and Shareholder Gains for Placing Equity Privately

1993 • 659 citations

Underpricing, ownership and control in initial public offerings of equity securities in the UK

1997 • 625 citations

Arm's Length Relationships

1995 • 473 citations

Block Investment and Partial Benefits of Corporate Control

1995 • 428 citations

A comparison of equity carve-outs and seasoned equity offerings

1986 • 392 citations

Initial Shareholdings and Overbidding in Takeover Contests

1995 • 277 citations

Political and legal restraints on ownership and control of public companies

1990 • 277 citations

Journal of Political Economy

2012 • 206 citations

Market Discounts and Shareholder Gains for Placing Equity Privately

1993 • 134 citations

Large Shareholders and Banks: Who monitors and how?

2002 • 124 citations

Law and Finance

1996 • 87 citations

The commitment of finance, duplicated monitoring, and the investment horizon

1992 • 72 citations

Initial Shareholdings and Overbidding in Takeover Contests

1995 • 67 citations

Real and Formal Authority in Organizations

1997 • 49 citations

The Role of Large Share Stakes in Poorly Performing Companies in the UK

1996 • 23 citations

Corporate control and balance of powers

1994 • 12 citations

Outside Equity Financing

1998 • 2 citations

Deleted Work

1955 • 0 citations