Managerial Conservatism, Project Choice, and Debt

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

1976 • 62,465 citations

Performance Pay and Top-Management Incentives

1990 • 4,798 citations

Performance pay and top-management incentives

1990 • 4,638 citations

Outside directors and CEO turnover

1988 • 4,411 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Managerial control of voting rights

1988 • 2,602 citations

Stock prices and top management changes

1988 • 1,665 citations

Reputation Acquisition in Debt Markets

1989 • 1,628 citations

The effect of capital structure on a firm's liquidation decision

1984 • 1,537 citations

Predicting takeover targets

1986 • 1,399 citations

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

1992 • 1,324 citations

Information and Volatility: The No‐Arbitrage Martingale Approach to Timing and Resolution Irrelevancy

1989 • 996 citations

A Theory of Wage Dynamics

1982 • 851 citations

Managerial Incentives for Short‐term Results

1985 • 755 citations

Dividend Policy under Asymmetric Information

1985 • 747 citations

Corporate control contests and capital structure

1988 • 743 citations

Breach of Trust in Hostile Takeovers

1988 • 728 citations

Managerial Incentives and Capital Management

1986 • 716 citations

Corporate Performance, Corporate Takeovers, and Management Turnover

1991 • 621 citations

Do Bad Bidders Become Good Targets?

1990 • 447 citations

The Architecture of Economic Systems: Hierarchies and Polyarchies

1985 • 445 citations

Noise Trading and Takeovers

1991 • 291 citations

The characteristics of takeover targets and other measures

1985 • 288 citations

Information and Volatility: The No-Arbitrage Martingale Approach to Timing and Resolution Irrelevancy

1989 • 287 citations

Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information

1982 • 285 citations

Capital Structure and Dividend Irrelevance with Asymmetric Information

1991 • 267 citations

Taxes and Capital Structure: Evidence from Firms’ Response to the Tax Reform Act of 1986

1992 • 238 citations

Why Hang on to Losers? Divestitures and Takeovers

1992 • 209 citations

Corporate Performance, Corporate Takeovers, and Management Turnover

1991 • 205 citations

Managerial Incentives for Short-Term Results

1985 • 190 citations

A Sequential Signalling Model of Convertible Debt Call Policy

1985 • 180 citations

Optimal capital structure and project financing

1987 • 178 citations

Is There a Corporate Debt Crisis?

1988 • 149 citations

Managerial Task Assignment and Promotions

1988 • 126 citations

Top management tenure, corporate ownership structure and the magnitude of golden parachutes

1989 • 123 citations

Managerial compensation and the agency costs of debt finance

1992 • 104 citations

Stock Repurchase as a Takeover Defense

1989 • 89 citations

A Sequential Signalling Model of Convertible Debt Call Policy

1985 • 68 citations

Incentive effects of benevolent intervention

1985 • 54 citations

Factors Affecting the Probability of Being Acquired: Evidence for the United States

1982 • 31 citations

M<scp>anagerial</scp> C<scp>onservatism</scp><scp>and</scp> R<scp>ational</scp> I<scp>nformation</scp> A<scp>cquisition</scp>

1992 • 26 citations

Competitive Equilibrium with Type Convergence in an Asymmetrically Informed Market

1989 • 25 citations

Repeated Insurance Contracts and Learning

1985 • 25 citations

Resolution Preference and Project Choice

1990 • 15 citations