Corporate focus and stock returns

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

1986 • 17,982 citations

Determinants of corporate borrowing

1977 • 13,054 citations

Managerial discretion and optimal financing policies

1990 • 3,683 citations

Risk Reduction as a Managerial Motive for Conglomerate Mergers

1981 • 2,850 citations

Towards an economic theory of the multiproduct firm

1982 • 2,025 citations

Do Managerial Objectives Drive Bad Acquisitions?

1990 • 1,912 citations

Financial Theory and Corporate Policy.

1980 • 1,814 citations

Takeovers: Their Causes and Consequences

1988 • 1,346 citations

A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER

1971 • 1,133 citations

The link between resources and type of diversification: Theory and evidence

1991 • 1,077 citations

Tobin's q and the Importance of Focus in Firm Performance

1988 • 977 citations

The Success of Acquisitions: Evidence from Divestitures

1992 • 763 citations

Hostile Takeovers in the 1980s: The Return to Corporate Specialization

1990 • 509 citations

Economic Organization: Firms, Markets and Policy Control

1988 • 499 citations

O<scp>rganizational</scp> P<scp>rospects</scp>, I<scp>nfluence</scp> C<scp>osts</scp>, <scp>and</scp> O<scp>wnership</scp> C<scp>hanges</scp>

1992 • 483 citations

Corporate Takeovers: Causes and Consequences

1989 • 457 citations

Mergers and the Market Concentration Doctrine: Evidence from the Capital Market

1985 • 267 citations

Reversing Corporate Diversification

1990 • 152 citations

Beatrice: A Study in the Creation and Destruction of Value

1992 • 125 citations

Acquisition of Divested Assets and Shareholders' Wealth

1987 • 111 citations

The Causes of Corporate Refocusing

1992 • 49 citations

Organizational Prospects, Influence Costs, and Ownership Changes

1992 • 48 citations

The managerial response to regulation of financial reporting for segments of a business enterprise

1991 • 42 citations

Did Tough Antitrust Enforcement Cause the Diversification of American Corporations?

1996 • 37 citations

Possible explanations of no-synergy mergers and small firm effect by the Generalized Capital Asset Pricing Model

1991 • 6 citations

Does corporate diversification create value

2010 • 5 citations