The Stock and Flow of CEO Equity Incentives

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

Michael C. Jensen, William H. Meckling · Journal of Financial Economics · 1976 · 70.7K citations

Management, Business Economics, Corporate Governance +16

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

Sample Selection Bias as a Specification Error

James J. Heckman · Econometrica · 1979 · 28.9K citations

Social Sciences, Economics, Behavioral Economics +16

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

Michael C. Jensen · American Economic Review · 1986 · 17.6K citations

Management, Business Economics, Finance +17

The Structure of Corporate Ownership: Causes and Consequences

Harold Demsetz, Kenneth Lehn · Journal of Political Economy · 1985 · 6.4K citations

Management, Corporate Governance, Finance +12