Extreme Governance: An Analysis of Dual-Class Firms in the United States

Sample Selection Bias as a Specification Error

1979 • 27,564 citations

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

On Persistence in Mutual Fund Performance

1997 • 16,085 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches

2008 • 10,445 citations

Management ownership and market valuation

1988 • 7,109 citations

Instrumental Variables Regression with Weak Instruments

1997 • 6,543 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

Testing for Weak Instruments in Linear IV Regression

2005 • 6,030 citations

Industry costs of equity

1997 • 5,967 citations

Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?

1997 • 5,821 citations

Corporate Governance and Equity Prices

2003 • 5,386 citations

Additional evidence on equity ownership and corporate value

1990 • 4,523 citations

Investor Protection and Corporate Valuation

2002 • 4,109 citations

Disentangling the Incentive and Entrenchment Effects of Large Shareholdings

2002 • 3,792 citations

How do family ownership, control and management affect firm value?

2005 • 3,707 citations

On Persistence in Mutual Fund Performance

1997 • 3,173 citations

What Matters in Corporate Governance?

2008 • 2,695 citations

Understanding the determinants of managerial ownership and the link between ownership and performance

1999 • 2,649 citations

Managerial control of voting rights

1988 • 2,602 citations

Instrumental Variables and GMM: Estimation and Testing

2003 • 2,468 citations

Corporate Governance and Acquirer Returns

2007 • 1,740 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

Governance Mechanisms and Equity Prices

2005 • 1,262 citations

The value of corporate voting rights and control: A cross-country analysis

2003 • 1,150 citations

Equity Ownership and Firm Value in Emerging Markets

2003 • 1,143 citations

The costs of entrenched boards

2005 • 1,018 citations

Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors' Expectations

2006 • 953 citations

Thy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers

2005 • 903 citations

Instrument Relevance in Multivariate Linear Models: A Simple Measure

1997 • 879 citations

Managerial ownership of voting rights

1985 • 695 citations

Corporate governance

1988 • 683 citations

Agency Costs of Controlling Minority Shareholders

2003 • 678 citations

Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression

1999 • 658 citations

What Determines the Value of Corporate Votes?

1995 • 622 citations

Takeover Defenses of IPO Firms

2002 • 521 citations

Exactly Median-Unbiased Estimation of First Order Autoregressive/Unit Root Models

1993 • 489 citations

The market value of control in publicly-traded corporations

1983 • 379 citations

Structural models and endogeneity in corporate finance: The link between managerial ownership and corporate performance

2011 • 377 citations

Control as a motivation for underpricing: a comparison of dual and single-class IPOs

2003 • 282 citations

Shareholder Rights, Boards, and CEO Compensation*

2008 • 258 citations

Simple Formulas for Standard Errors that Cluster by Both Firm and Time

2009 • 255 citations

The Cross-Section of Expected Trading Activity

2006 • 247 citations

Dual-class recapitalizations as antitakeover mechanisms

1988 • 245 citations

Explaining Corporate Governance: Boards, Bylaws, and Charter Provisions

2003 • 221 citations

The choice between rights offerings and private equity placements

2005 • 187 citations

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

1987 • 169 citations

The Market Value of Differential Voting Rights in Closely Held Corporations

1984 • 166 citations

Consolidating corporate control

1990 • 155 citations

Understanding the Endogeneity Between Firm Value and Shareholder Rights

2005 • 130 citations

Dual class firms: Capitalization, ownership structure and recapitalization back into single class

2001 • 121 citations

What's in a vote? The short- and long-run impact of dual-class equity on IPO firm values

2007 • 112 citations

The Value of Voting Rights to Majority Shareholders: Evidence from Dual-Class Stock Unifications

2003 • 103 citations

Recapitalization of one class of common stock into dual-class: Growth and long-run stock returns

2005 • 100 citations

Explaining Variation in Takeover Defenses: Blame the Lawyers

2001 • 92 citations

Do dealer firms manage inventory on a stock-by-stock or a portfolio basis?

2003 • 89 citations

Security design and the allocation of voting rights: Evidence from the Australian IPO market

1998 • 71 citations

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

1989 • 67 citations

Explaining Variation in Takeover: Defenses Blame the Lawyers

2001 • 63 citations

Substitutes for Voting Rights: Evidence from Dual Class Recapitalizations

1992 • 52 citations

Corporate takeover defenses

2004 • 42 citations

The Case against Board Veto in Corporate Takeovers

2002 • 38 citations

The International Evidence on Performance and Equity Ownership by Insiders, Blockholders, and Institutions

2002 • 14 citations

Untitled

1997 • 8 citations