Insider Ownership and the Decision to Go Public

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

1976 • 62,465 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 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

Market Liquidity and Performance Monitoring

1993 • 1,759 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

Grandstanding in the venture capital industry

1996 • 1,361 citations

Sequential Sales, Learning, and Cascades

1992 • 1,221 citations

Private benefits from control of public corporations

1989 • 1,210 citations

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

1994 • 1,027 citations

Venture capitalists and the decision to go public

1994 • 1,014 citations

Contracts as a barrier to entry

1987 • 838 citations

The costs of going public

1987 • 723 citations

Corporate governance

1988 • 683 citations

What Determines the Value of Corporate Votes?

1995 • 622 citations

Information Disclosure Costs and the Choice of Financing Source

1995 • 553 citations

A comparison of equity carve-outs and seasoned equity offerings

1986 • 392 citations

An Equilibrium Analysis of Search and Breach of Contract, I: Steady States

1979 • 315 citations

Capital structure as a bargaining tool : the role of leverage in contract renegotiation

1993 • 313 citations

Efficient and Inefficient Sales of Corporate Control

1994 • 254 citations

The design of securities

1989 • 183 citations

Going public in the 1980s: Evidence from Sweden

1995 • 172 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

Capital Structure and the Market for Corporate Control: The Defensive Role of Debt Financing

1991 • 169 citations

CAPITAL GAINS TAX POLICY TOWARD ENTREPRENEURSHIP

1989 • 140 citations

The Choice of Going Public: Spin-Offs vs. Carve-Outs

1995 • 82 citations

Capital and Ownership Structures, and the Market for Corporate Control

1992 • 82 citations

The two stages of an equity carve‐out and the price response of parent and subsidiary stock

1991 • 76 citations

Corporate Ownership Structures: Private versus Social Optimality

1996 • 34 citations

Joel Seligman:Equal Protection in Shareholder Voting Rights--The One Common Share,One Vote Controversy(54 Geo.Wash.L.Rev.,1986),George W.Dent,Jr.:Dual Class Capitalization--A Reply to Professor Seligman(54 Geo.Wash.L.Rev.,1986)

1988 • 12 citations

Large Shareholders, Private Benefits of Control and Optimal Schemes for Privatization

1993 • 3 citations

The Role of Public Debt In Procurement Contracts

1991 • 1 citations