Top‐Management Compensation and Capital Structure

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

1976 • 62,465 citations

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Determinants of corporate borrowing

1977 • 13,054 citations

Moral Hazard and Observability

1979 • 8,356 citations

The Determinants of Capital Structure Choice

1988 • 5,494 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

The Theory of Capital Structure

1991 • 3,949 citations

Increasing risk: I. A definition

1970 • 3,861 citations

Compensation and Incentives: Practice vs. Theory

1988 • 1,734 citations

Stock prices and top management changes

1988 • 1,665 citations

The effects of management buyouts on operating performance and value

1989 • 1,349 citations

Principles of corporate finance

1982 • 1,079 citations

Management turnover and financial distress

1989 • 1,046 citations

Increasing risk II: Its economic consequences

1971 • 1,042 citations

Investment–Cash Flow Sensitivities: Constrained versus Unconstrained Firms

2004 • 1,036 citations

An Empirical Test of the Impact of Managerial Self‐Interest on Corporate Capital Structure

1988 • 986 citations

Top‐Management Compensation and Capital Structure

1993 • 832 citations

Robust Financial Contracting and the Role of Venture Capitalists

1994 • 752 citations

Investment incentives, debt, and warrants

1984 • 728 citations

A Simple Approach to the Valuation of Risky Streams

1978 • 602 citations

The Effect of Executive Stock Option Plans on Stockholders and Bondholders

1990 • 499 citations

CEO Compensation in Financially Distressed Firms: An Empirical Analysis

1993 • 475 citations

The S&L Insurance Mess: How Did It Happen?

1990 • 399 citations

The S & L insurance mess: how did it happen?

1990 • 326 citations

Capital Structure and Dividend Irrelevance with Asymmetric Information

1991 • 267 citations

Agency Problems and Financial Contracting.

1987 • 255 citations

An Empirical Test of the Impact of Managerial Self-Interest on Corporate Capital Structure

1988 • 245 citations

Corporate Capital Structure, Agency Costs, and Ownership Control: The Case of All‐Equity Firms

1990 • 234 citations

Organizational changes and value creation in leveraged buyouts

1989 • 231 citations

Contract Costs and Financing Decisions

1990 • 145 citations

Risk-shifting incentives of depository institutions: A new perspective on federal deposit insurance reform

1991 • 142 citations

Risky Debt, Investment Incentives, and Reputation in a Sequential Equilibrium

1985 • 133 citations

Managerial compensation and the agency costs of debt finance

1992 • 104 citations

Managers, Owners, and The Pricing of Risky Debt: An Empirical Analysis

1994 • 102 citations

Costly Contracting and Optimal Payout Constraints

1982 • 88 citations

Agency problems and financial contracting

1987 • 81 citations

Renegotiation and the Impossibility of Optimal Investment

1994 • 75 citations

Risk‐Shifting Incentives and Signalling Through Corporate Capital Structure

1987 • 74 citations

Stock and Compensation*

1991 • 35 citations

Information Structures, Optimal Contracts and the Theory of the Firm

1990 • 7 citations

Capital Structure and the Design of Managerial Compensation

1994 • 4 citations