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

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

On Persistence in Mutual Fund Performance

1997 • 16,085 citations

Management ownership and market valuation

1988 • 7,109 citations

Higher market valuation of companies with a small board of directors

1996 • 6,698 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

Disentangling the Incentive and Entrenchment Effects of Large Shareholdings

2002 • 3,792 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

On Persistence in Mutual Fund Performance

1997 • 3,173 citations

Managerial control of voting rights

1988 • 2,602 citations

A Review of IPO Activity, Pricing, and Allocations

2002 • 2,421 citations

Corporate ownership structure and the informativeness of accounting earnings in East Asia

2002 • 1,877 citations

Are Busy Boards Effective Monitors?

2006 • 1,518 citations

Myth or Reality? The Long‐Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital‐Backed Companies

1997 • 1,451 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

CEO turnover and outside succession A cross-sectional analysis

1997 • 1,324 citations

CEO Involvement in the Selection of New Board Members: An Empirical Analysis

1999 • 1,313 citations

Equity Ownership and Firm Value in Emerging Markets

2003 • 1,143 citations

Are Busy Boards Effective Monitors?

2012 • 1,117 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

Do independent directors enhance target shareholder wealth during tender offers?

1997 • 892 citations

The Long-Run Performance of Initial Public Offerings

1991 • 889 citations

Uniformly least powerful tests of market efficiency

2000 • 865 citations

Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures

1995 • 820 citations

Managerial ownership of voting rights

1985 • 695 citations

Corporate governance

1988 • 683 citations

Classified boards, firm value, and managerial entrenchment

2006 • 534 citations

Antitakeover charter amendments and stockholder wealth

1983 • 494 citations

The Value of Outside Directors: Evidence from Corporate Governance Reform in Korea

2007 • 485 citations

Valuing IPOs

1999 • 455 citations

Shark repellents and stock prices

1987 • 442 citations

Poison pill securities

1988 • 403 citations

The effect of poison pill securities on shareholder wealth

1988 • 390 citations

Earnings and dividend informativeness when cash flow rights are separated from voting rights

2005 • 372 citations

Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies

1997 • 346 citations

An empirical investigation of the impact of ‘antitakeover’ amendments on common stock prices

1983 • 309 citations

Board Composition, Corporate Performance, and the Cadbury Committee Recommendation

2007 • 292 citations

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

2003 • 282 citations

Majority owner-managers and organizational efficiency

1994 • 260 citations

Dual-class recapitalizations as antitakeover mechanisms

1988 • 245 citations

Do IPO Charters Maximize Firm Value? Antitakeover Protection in IPOs

2001 • 242 citations

Do Boards Affect Performance? Evidence from Corporate Restructuring

2005 • 197 citations

The Impact of Stock‐Option Compensation for Outside Directors on Firm Value*

2005 • 187 citations

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

1987 • 169 citations

Public versus private governance: a study of incentives and operational performance

2003 • 113 citations

Identifying the effect of managerial control on firm performance

2006 • 101 citations

Board Composition and Corrective Action: Evidence from Corporate Responses to Bad Acquisition Bids

2007 • 96 citations

Managerial Share Ownership and the Stock Price Effects of Antitakeover Amendment Proposals

1990 • 85 citations

Coercive dual-class exchange offers

1988 • 72 citations

Organized Exchanges and the Regulation of Dual Class Common Stock

1987 • 67 citations

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

1989 • 67 citations

The source of value of voting rights and related dividend promises

2002 • 46 citations

CEO turnover and relative performance evaluation

2006 • 25 citations

Managerial Share Ownership and the Stock Price Effects of Antitakeover Amendment Proposals

1990 • 19 citations

The Board of Directors and the Adoption of Poison Pills

1995 • 8 citations