Blocks, Liquidity, and Corporate Control

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Law and Finance

1998 • 17,512 citations

A Survey of Corporate Governance

1997 • 15,789 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

A Simple Model of Capital Market Equilibrium with Incomplete Information

1987 • 5,293 citations

Exit, Voice, and Loyalty

1970 • 3,445 citations

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

1980 • 3,168 citations

Firms, Contracts, and Financial Structure

1995 • 3,147 citations

Law and Finance

1996 • 3,108 citations

The Cost of Transacting

1968 • 1,909 citations

Market Liquidity and Performance Monitoring

1993 • 1,759 citations

Large Shareholders, Monitoring, and the Value of the Firm

1997 • 1,584 citations

The ownership of enterprise

1996 • 1,506 citations

Investor Sentiment and the Closed-End Fund Puzzle

1991 • 1,422 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

Investor Sentiment and the Closed‐End Fund Puzzle

1991 • 1,291 citations

Private benefits from control of public corporations

1989 • 1,210 citations

The hidden costs of stock market liquidity

1993 • 1,027 citations

Liquidity versus Control: The Institutional Investor as Corporate Monitor

1991 • 942 citations

Financial Intermediaries and Liquidity Creation

1990 • 941 citations

The Choice of Stock Ownership Structure: Agency Costs, Monitoring, and the Decision to Go Public

1998 • 939 citations

Insider Ownership and the Decision to Go Public

1995 • 908 citations

Equity ownership concentration and firm value

1989 • 899 citations

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium

1994 • 898 citations

Limited market participation and volatility of asset prices

1993 • 690 citations

Strong Managers, Weak Owners

1994 • 679 citations

Market Discounts and Shareholder Gains for Placing Equity Privately

1993 • 659 citations

Ownership Structure, Speculation, and Shareholder Intervention

1998 • 570 citations

Preference shocks, liquidity, and central bank policy

1987 • 553 citations

The effect of large block transactions on security prices: A cross-sectional analysis

1987 • 501 citations

Negotiated Block Trades and Corporate Control

1991 • 440 citations

An analysis of the stock price reaction to sudden executive deaths

1985 • 432 citations

Endogenous Market Thinness and Stock Price Volatility

1989 • 311 citations

Efficient and Inefficient Sales of Corporate Control

1994 • 254 citations

Strong Managers, Weak Owners.

1995 • 232 citations

Successful Takeovers without Exclusion

1988 • 224 citations

Ownership Concentration, Corporate Control Activity, and Firm Value: Evidence from the Death of Inside Blockholders

1993 • 193 citations

T<scp>o</scp> T<scp>he</scp> R<scp>aider</scp> G<scp>oes</scp> T<scp>he</scp> S<scp>urplus</scp>? A R<scp>eexamination</scp><scp>of</scp> t<scp>he</scp> F<scp>ree</scp>‐R<scp>ider</scp> P<scp>roblem</scp>

1992 • 171 citations

Liquidity and control: A dynamic theory of corporate ownership structure

1998 • 73 citations

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

1996 • 23 citations

Intermediated Versus Direct Investment: Optimal Liquidity Provision and Dynamic Incentive Compatibility

1998 • 9 citations

Shareholder gains from equity private placement : evidence from the Stockholm Stock Exchange

1996 • 6 citations

Deleted Work

1955 • 0 citations