Outside Director Stock Options and Dividend Policy

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

Separation of Ownership and Control

Eugene F. Fama, Michael C. Jensen · The Journal of Law and Economics · 1983 · 19.1K citations

Management, Contract Law, Corporate Governance +12

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

Higher market valuation of companies with a small board of directors

David Yermack · Journal of Financial Economics · 1996 · 6.8K citations · Full text

Management, Business Economics, Corporate Governance +17

Outside directors and CEO turnover

Michael S. Weisbach · Journal of Financial Economics · 1988 · 4.4K citations

Management, Corporate Governance, Organizational Behavior +12