Investigating the Economic Role of Mergers

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

1986 • 17,982 citations

Limited-dependent and qualitative variables in econometrics

1983 • 13,615 citations

Determinants of corporate borrowing

1977 • 13,054 citations

The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

1993 • 8,534 citations

Industry costs of equity

1997 • 5,967 citations

Agency costs of free cash flow, corporate finance, and takeovers

1996 • 3,786 citations

Principles of Corporate Finance.

1981 • 3,686 citations

Do Managerial Objectives Drive Bad Acquisitions?

1990 • 1,912 citations

Does corporate performance improve after mergers?

1992 • 1,688 citations

Managerial Decisions and Long‐Term Stock Price Performance

2000 • 1,676 citations

The impact of industry shocks on takeover and restructuring activity

1996 • 1,575 citations

Foundations of Finance.

1977 • 1,197 citations

The Market for Corporate Control: The Empirical Evidence Since 1980

1988 • 1,183 citations

Managerial performance, Tobin's Q, and the gains from successful tender offers

1989 • 991 citations

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?

2001 • 858 citations

What do firms do with cash windfalls?

1994 • 724 citations

Comparing acquisitions and divestitures

2000 • 677 citations

An Economic Disturbance Theory of Mergers

1969 • 608 citations

Abnormal returns to rivals of acquisition targets: A test of the `acquisition probability hypothesis'

2000 • 409 citations

Nonparametric Statistical Inference

1986 • 401 citations

Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions

1997 • 369 citations

The Impact of Industry Classifications on Financial Research

1996 • 365 citations

Differences between COMPUSTAT and CRSP SIC codes and related effects on research

1994 • 161 citations

Managerial Optimism and Corporate Finance

1998 • 97 citations

The Impact of Industry Classifications on Financial Research

1996 • 56 citations