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

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

Separation of Ownership and Control

1983 • 18,225 citations

Production, Information Costs and Economic Organization

1996 • 9,220 citations

Investor Psychology and Security Market Under‐ and Overreactions

1998 • 5,459 citations

The Hubris Hypothesis of Corporate Takeovers

1986 • 3,809 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

The New Issues Puzzle

1995 • 3,411 citations

Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders

1996 • 2,916 citations

Private Benefits of Control: An International Comparison

2004 • 2,565 citations

Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1

1998 • 2,437 citations

The Structure of Ownership and the Theory of the Firm

1983 • 2,328 citations

Ownership structure and corporate performance

2001 • 2,140 citations

Improved Methods for Tests of Long‐Run Abnormal Stock Returns

1999 • 1,913 citations

Managerial Decisions and Long‐Term Stock Price Performance

2000 • 1,676 citations

Large Shareholders, Monitoring, and the Value of the Firm

1997 • 1,584 citations

One share-one vote and the market for corporate control

1988 • 1,377 citations

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

2003 • 1,150 citations

Production, information costs, and economic organization

2009 • 1,118 citations

The Value of the Voting Right: A Study of the Milan Stock Exchange Experience

1994 • 1,027 citations

On corporate governance

1983 • 993 citations

The Long-Run Performance of Initial Public Offerings

1991 • 889 citations

Uniformly least powerful tests of market efficiency

2000 • 865 citations

The New Issues Puzzle

1995 • 839 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

What Determines the Value of Corporate Votes?

1995 • 622 citations

U.S. cross-listings and the private benefits of control: evidence from dual-class firms

2003 • 566 citations

Long‐Run Performance following Private Placements of Equity

2002 • 407 citations

The market value of control in publicly-traded corporations

1983 • 379 citations

Why Higher Takeover Premia Protect Minority Shareholders

1998 • 370 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

Managerial ownership and firm performance: A re-examination using productivity measurement

1999 • 192 citations

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

1987 • 169 citations

Proxy contests and corporate change: implications for shareholder wealth

1998 • 167 citations

The Market Value of Differential Voting Rights in Closely Held Corporations

1984 • 166 citations

Does investor identity matter in equity issues? Evidence from private placements

2004 • 164 citations

Takeover bids and the relative prices of shares that differ in their voting rights

1996 • 155 citations

Consolidating corporate control

1990 • 155 citations

On the uses of corporate governance provisions

1998 • 117 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

Evaluating Dual Class Common Stock: The Relevance of Substitutes

1987 • 54 citations

Are liquidity and corporate control priced by shareholders? Empirical evidence from Swiss dual class shares

1997 • 50 citations

The consequences of unbundling managers' voting rights and equity claims

1994 • 49 citations

The source of value of voting rights and related dividend promises

2002 • 46 citations

Equity Financing in A Myers-Majluf Framework with Private Benefits of Control

2004 • 27 citations

The effect of consolidated control on firm performance: The case of dual-class IPOs

1995 • 24 citations

Deleted Work

1955 • 0 citations