Earnings and dividend informativeness when cash flow rights are separated from voting rights

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

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

1986 • 17,982 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Corporate Ownership Around the World

1999 • 10,370 citations

The separation of ownership and control in East Asian Corporations

2000 • 5,113 citations

The conservatism principle and the asymmetric timeliness of earnings1

1997 • 4,096 citations

Disentangling the Incentive and Entrenchment Effects of Large Shareholdings

2002 • 3,792 citations

Managerial discretion and optimal financing policies

1990 • 3,683 citations

The ultimate ownership of Western European corporations

2002 • 3,519 citations

The effect of international institutional factors on properties of accounting earnings

2000 • 3,323 citations

Agency Problems and Dividend Policies around the World

2000 • 3,044 citations

The information content of losses

1995 • 2,496 citations

Corporate ownership structure and the informativeness of accounting earnings in East Asia

2002 • 1,877 citations

An analysis of intertemporal and cross-sectional determinants of earnings response coefficients

1989 • 1,789 citations

Dividends and Expropriation

2001 • 1,632 citations

Firm characteristics and analyst following

1989 • 1,593 citations

Managerial ownership, accounting choices, and informativeness of earnings

1995 • 1,545 citations

Predicting takeover targets

1986 • 1,399 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

Perceived Auditor Quality and the Earnings Response Coefficient

1993 • 1,203 citations

Corporate focus and stock returns

1995 • 1,132 citations

Earnings Asan Explanatory Variable for Returns

1991 • 1,063 citations

The Value of the Voting Right: A Study of the Milan Stock Exchange Experience

1994 • 1,027 citations

Country-Specific Factors Related to Financial Reporting and the Value Relevance of Accounting Data

2000 • 942 citations

Concentrated Corporate Ownership

2000 • 936 citations

The Separation of Ownership and Control in East Asian Corporations

2000 • 935 citations

Cross-sectional variation in the stock market response to accounting earnings announcements

1989 • 869 citations

Dividend announcements

1989 • 816 citations

Use of R2 in accounting research: measuring changes in value relevance over the last four decades

1999 • 755 citations

Managerial ownership of voting rights

1985 • 695 citations

Corporate governance

1988 • 683 citations

The association between accounting earnings and security returns for large and small firms

1987 • 565 citations

Stock Pyramids, Cross-Ownership, and Dual Class Equity: The Mechanisms and Agency Costs of Separating Control from Cash-Flow Rights

2000 • 551 citations

Takeover Defenses of IPO Firms

2002 • 521 citations

Lack of timeliness and noise as explanations for the low contemporaneuos return-earnings association

1994 • 497 citations

Corporate governance and dividend pay-out policy in Germany

2002 • 483 citations

Institutional Ownership and the Extent to which Stock Prices Reflect Future Earnings*

2002 • 423 citations

The Effect of Sequential Information Releases on the Variance of Price Changes in an Intertemporal Multi-Asset Market

1988 • 403 citations

Dividends and Losses

1992 • 390 citations

The market value of control in publicly-traded corporations

1983 • 379 citations

Use of R-squared in Accounting Research: Measuring Changes in Value Relevance over the Last Four Decades

1998 • 290 citations

The Value of Corporate Votes and Control Benefits: A Cross-country Analysis

2000 • 270 citations

Corporate Ownership Structure and the Informativeness of Earnings

2002 • 262 citations

The Audit Committee and Earnings Quality

1996 • 246 citations

Dual-class recapitalizations as antitakeover mechanisms

1988 • 245 citations

Do IPO Charters Maximize Firm Value? Antitakeover Protection in IPOs

2001 • 242 citations

The Effect of Ex Ante Earnings Uncertainty on Earnings Response Coefficients

2016 • 227 citations

The association between unexpected earnings and abnormal security returns in the presence of financial leverage*

1991 • 209 citations

The creation of a class of limited voting common stock and shareholder wealth

1987 • 169 citations

Going‐Concern Status, Earnings Persistence, and Informativeness of Earnings*

1996 • 155 citations

Consolidating corporate control

1990 • 155 citations

Voting rights and shareholder wealth the issuance of limited voting common stock

1989 • 67 citations

Corporate Governance and Dividend Pay-out Policy in Germany

2001 • 65 citations

The effect of size on the magnitude of long-window earnings response coefficients

1992 • 63 citations

Dividends and Losses

1992 • 62 citations

Empirical issues in raising equity capital

1996 • 55 citations

The consequences of unbundling managers' voting rights and equity claims

1994 • 49 citations

The Board of Directors and Dual-Class Recapitalizations

1997 • 37 citations

Across-sample Incomparability of R2s and Additional Evidence on Value Relevance Changes Over Time

2002 • 36 citations

Insider Entrenchment, Board Leadership Structure and Informativeness of Earnings

2002 • 35 citations

The effect of consolidated control on firm performance: The case of dual-class IPOs

1995 • 24 citations

OWNERSHIP STRUCTURE AND MANAGERIAL INCENTIVES: THE EVIDENCE FROM ACQUISITIONS BY DUAL CLASS FIRMS

1996 • 20 citations

Deleted Work

1955 • 0 citations