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

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

1976 • 62,465 citations

Separation of Ownership and Control

1983 • 18,225 citations

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

1986 • 17,982 citations

Specification Tests in Econometrics

1978 • 17,234 citations

Agency Problems and the Theory of the Firm

1980 • 10,487 citations

Large Shareholders and Corporate Control

1986 • 8,353 citations

The Modern Corporation and Private Property

1933 • 7,939 citations

Management ownership and market valuation

1988 • 7,109 citations

The Structure of Corporate Ownership: Causes and Consequences

1985 • 6,489 citations

Additional evidence on equity ownership and corporate value

1990 • 4,523 citations

Two Agency-Cost Explanations of Dividends

1984 • 3,128 citations

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

1996 • 2,916 citations

Estimating betas from nonsynchronous data

1977 • 2,887 citations

Risk measurement when shares are subject to infrequent trading

1979 • 2,767 citations

The Effects of Board Composition and Direct Incentives on Firm Performance

1991 • 2,425 citations

Theory of the Firm

1966 • 2,402 citations

The Modern Corporation and Private Property

1933 • 2,218 citations

Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition

1985 • 1,761 citations

Errors in variables in panel data

1986 • 1,664 citations

The effects of management buyouts on operating performance and value

1989 • 1,349 citations

Equilibrium Incentives in Oligopoly

1987 • 1,320 citations

Simultaneous Determination of Insider Ownership, Debt, and Dividend Policies

1992 • 1,096 citations

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

1999 • 658 citations

Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

Generalized method of moments specification testing

1985 • 624 citations

A Test of the Agency Theory of Managerial Ownership, Corporate Leverage, and Corporate Dividends

1989 • 531 citations

Executive pay and performance Evidence from the U.S. banking industry

1995 • 504 citations

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

1988 • 438 citations

Are Large Shareholders Effective Monitors? An Investigation of Share Ownership and Corporate Performance

1990 • 232 citations

Measuring managerial equity ownership: a comparison of sources of ownership data

1995 • 223 citations

The Active Board of Directors and Performance of the Large Publicly Traded Corporation

1998 • 205 citations

Economic Policy and the Regulation of Corporate Securities

1969 • 185 citations

Managerial Ownership and Firm Performance: Incentives or Rewards?

1996 • 158 citations

The effect of changes in ownership structure on performance: Evidence from the thrift industry1We thank George Aragon, Ben Branch, Benjamin Esty (the referee), Mark Flannery, Alvin Harrell, Clifford G. Holderness, Edith Hotchkiss, Michael Jensen, Edward J. Kane, Donald May, Marcia Millon Cornett, Manju Puri, G. William Schwert (the editor), Henri Servaes, Robert Taggert, Hassan Tehranian, Thomas Vartanian, William Wilhelm, Julie Williams, and seminar participants at Boston University, the …

1998 • 143 citations

Financial Factors in Business Fluctuations

1988 • 130 citations

Managerial Compensation and the Cost of Moral Hazard

2000 • 93 citations

The Effect of Changes in Ownership Structure on Performance: Evidence from the Thrift Industry

1998 • 67 citations

Corporate Financial Policy, Taxation, and Macroeconomic Risk

1993 • 62 citations

Substitutes for Voting Rights: Evidence from Dual Class Recapitalizations

1992 • 52 citations

The American Law Institute,Principle of Corporate Governance and Structure--Restatement and Recommendations,1982

1984 • 14 citations

CORPORATE GOVERNANCE AND BOARD OF DIRECTORS

2024 • 11 citations

PIC: An Alternative Approach to Accepting Bids on Local and State Government Bonds

1979 • 6 citations