Information Reliability and a Theory of Financial Intermediation

The Market for "Lemons": Quality Uncertainty and the Market Mechanism

1970 • 21,732 citations

Moral Hazard and Observability

1979 • 8,356 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

Moral Hazard in Teams

1982 • 4,935 citations

INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION

1977 • 4,200 citations

On the impossibility of informationally efficient markets

1980 • 3,972 citations

The Determination of Financial Structure: The Incentive-Signalling Approach

1977 • 3,814 citations

Optimal contracts and competitive markets with costly state verification

1979 • 3,041 citations

Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy

1979 • 2,777 citations

ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION

1976 • 1,388 citations

The Theory of Screening, Education, and the Distribution of Income

1975 • 1,311 citations

Competitive and optimal responses to signals: An analysis of efficiency and distribution

1974 • 628 citations

Alternative approaches to the theory of the banking firm

1980 • 427 citations

Economically Optimal Performance Evaluation and Control Systems

1980 • 375 citations

A TRANSACTIONS COST APPROACH TO THE THEORY OF FINANCIAL INTERMEDIATION

1976 • 374 citations

Nondissipative Signaling Structures and Dividend Policy

1980 • 287 citations