The distribution of power among corporate managers, shareholders, and directors

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

1976 • 62,465 citations

Separation of Ownership and Control

1983 • 18,225 citations

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

1984 • 18,167 citations

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

1986 • 17,982 citations

The Cost of Capital, Corporation Finance and the Theory of Investment

1958 • 15,488 citations

Markets and Hierarchies: Analysis and Antitrust Implications.

1976 • 13,953 citations

Agency Problems and the Theory of the Firm

1980 • 10,487 citations

Production, Information Costs and Economic Organization

1996 • 9,220 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

Management ownership and market valuation

1988 • 7,109 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

Vertical Integration, Appropriable Rents, and the Competitive Contracting Process

1978 • 5,975 citations

Agency Problems and Residual Claims

1983 • 4,691 citations

Outside directors and CEO turnover

1988 • 4,411 citations

Rank-Order Tournaments as Optimum Labor Contracts

1981 • 4,164 citations

The Economic Theory of Agency: The Principal's Problem.

1973 • 4,084 citations

Two Agency-Cost Explanations of Dividends

1984 • 3,128 citations

The effect of bonus schemes on accounting decisions

1985 • 3,078 citations

On financial contracting

1979 • 3,013 citations

The effects of bonus schemes on accounting decisions

2011 • 2,891 citations

Managerial control of voting rights

1988 • 2,602 citations

The Structure of Ownership and the Theory of the Firm

1983 • 2,328 citations

Corporate performance and managerial remuneration

1985 • 1,819 citations

Compensation and Incentives: Practice vs. Theory

1988 • 1,734 citations

GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS

1982 • 1,678 citations

Stock prices and top management changes

1988 • 1,665 citations

Ownership structure and voting on antitakeover amendments

1988 • 1,598 citations

Predicting takeover targets

1986 • 1,399 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

The theory of contracts

1987 • 1,374 citations

Executive compensation, management turnover, and firm performance

1985 • 1,299 citations

Authority, Control, and the Distribution of Earnings

1982 • 1,287 citations

The role of majority shareholders in publicly held corporations

1988 • 1,271 citations

The choice of organizational form The case of franchising

1987 • 1,097 citations

Proxy contests and the efficiency of shareholder oversight

1988 • 1,074 citations

Corporate Financial Structure and Managerial Incentives

1982 • 1,063 citations

Investment banking and the capital acquisition process

1986 • 1,024 citations

On corporate governance

1983 • 993 citations

The theory of the firm

1987 • 900 citations

Equity ownership concentration and firm value

1989 • 899 citations

The Economics of Information and Uncertainty

1982 • 874 citations

Corporate control contests and capital structure

1988 • 743 citations

An Empirical Investigation of the Relative Performance Evaluation of Corporate Executives

1986 • 721 citations

Experience, Performance, and Earnings

1980 • 699 citations

Managerial ownership of voting rights

1985 • 695 citations

Corporate governance

1988 • 683 citations

The rationale behind interfirm tender offers

1983 • 646 citations

Managerial competition, information costs, and corporate governance

1988 • 614 citations

Top management turnover following mergers and acquisitions

1988 • 488 citations

Management Buyouts: Evidence on Taxes as a Source of Value

1989 • 447 citations

Going Private: Minority Freezeouts and Stockholder Wealth

1984 • 444 citations

Poison pill securities

1988 • 403 citations

The effect of poison pill securities on shareholder wealth

1988 • 390 citations

The market value of control in publicly-traded corporations

1983 • 379 citations

Incentives, Risk, and Information: Notes Towards a Theory of Hierarchy

1975 • 365 citations

Voting in Corporate Law

1983 • 321 citations

Incentives, Risk , and Information: Notes Towards a Theory of Hierarchy

1975 • 315 citations

The Takeover Controversy: Analysis and Evidence

2003 • 291 citations

The Effect of Executive Succession on Stockholder Wealth

1985 • 284 citations

Corporate financial policy and corporate control

1988 • 253 citations

AN EXAMINATION OF CORPORATE CALL POLICIES ON CONVERTIBLE SECURITIES

1977 • 252 citations

Dual-class recapitalizations as antitakeover mechanisms

1988 • 245 citations

Compensation and Incentives: Practice vs. Theory

1988 • 229 citations

Economic Analysis of Law. By Richard A. Posner. (Boston: Little, Brown and Company, 1973. Pp. 415. $16.00.)

1977 • 223 citations

The wealth effects of company initiated management changes

1987 • 221 citations

Convertible calls and security returns

1981 • 221 citations

An analysis of stock price reaction to management change in distressed firms

1989 • 219 citations

Advances in Economic Theory

1988 • 203 citations

The self-serving management hypothesis

1985 • 191 citations

Cumulative Voting: The Value of Minority Shareholder Voting Rights

1984 • 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

The Modern Theory of Corporate Finance.

1984 • 141 citations

Corporate Control Transactions

1982 • 137 citations

Economic, legal, and political dimensions of competition

1982 • 125 citations

Management compensation and the managerial labor market

1985 • 105 citations

The Theory of Corporate Finance: A Historical Overview

2000 • 103 citations

The Wealth Effects of Litigation by Targets: Do Interests Diverge in a Merge?

1985 • 99 citations

Management Buyouts of Publicly Traded Corporations

1987 • 78 citations

Coercive dual-class exchange offers

1988 • 72 citations

Voting in Corporate Law Corporations and Private Property

1983 • 70 citations

Targeted share repurchases and top management changes

1988 • 66 citations

Boards of Directors: Their Changing Roles, Structure, and Information Needs

1985 • 60 citations

Evaluating Dual Class Common Stock: The Relevance of Substitutes

1987 • 54 citations

An Examination of Corporate Call Policies on Convertible Securities

1977 • 52 citations

The Ownership Income of Management.

1971 • 42 citations

Do Target Shareholders Lose in Unsuccessful Control Contests

1988 • 34 citations

The Ownership Income of Management.

1972 • 33 citations

Investors' perceptions of the Delaware Supreme Court decision in Unocal v. Mesa

1988 • 28 citations

Do Targets Gain from Defeating Tender offers

1984 • 25 citations

Do Targets Gain from Defeating Tender Offers

1985 • 16 citations

The Role Of Proxy Contests In The Governance Of Publicly- Held Corporations

1988 • 7 citations

When Unocal Won Over Pickens, Shareholders and Society Lost

2001 • 7 citations

Performance Pay And Top Management Incentives

1988 • 4 citations

Firm performance and managerial discipline in contests for corporate control

1987 • 1 citations