Ownership Structure, Speculation, and Shareholder Intervention

Large Shareholders and Corporate Control

1986 • 8,353 citations

Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation

1980 • 3,168 citations

Market Liquidity and Performance Monitoring

1993 • 1,759 citations

Large Shareholders, Monitoring, and the Value of the Firm

1997 • 1,584 citations

Large Shareholders as Monitors: Is There a Trade‐Off between Liquidity and Control?

1998 • 1,473 citations

The hidden costs of stock market liquidity

1993 • 1,027 citations

The Choice of Stock Ownership Structure: Agency Costs, Monitoring, and the Decision to Go Public

1998 • 939 citations

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium

1994 • 898 citations

Blocks, Liquidity, and Corporate Control

1998 • 794 citations

Ownership and operating performance of companies that go public

1997 • 781 citations

Market Discounts and Shareholder Gains for Placing Equity Privately

1993 • 659 citations

Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

Insider Trading: Should It Be Prohibited?

1992 • 619 citations

Insider Trading and the Efficiency of Stock Prices

1992 • 459 citations

The Effect of a Large Shareholder on Corporate Value

1993 • 342 citations

Discounts on Restricted Stock: The Impact of Illiquidity on Stock Prices

1991 • 319 citations

Noise Trading and Takeovers

1991 • 291 citations

Insider Trading In A Rational Expectations Economy

2016 • 286 citations

Divide and Conquer: A Theory of Intraday and Day-of-the-Week Mean Effects

1989 • 211 citations

Limitation of Liability and the Ownership Structure of the Firm

1993 • 186 citations

Adverse Selection and Large Trade Volume: The Implications for Market Efficiency

1992 • 137 citations

Interlocking Shareholdings and Corporate Governance

1994 • 129 citations

Bank Equity Stakes in Borrowing Firms and Financial Distress

1996 • 104 citations

Investment and Insider Trading

1995 • 72 citations

Corporate Ownership Structures: Private versus Social Optimality

1996 • 34 citations

Strong managers, weak owners: the political roots of American corporate finance

1995 • 8 citations

Ownership Structure, Liquidity Demand, and Shareholder Monitoring

1998 • 4 citations