Payout policy and cash-flow uncertainty

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

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

Corporate Ownership Around the World

Florencio López‐de‐Silanes, Andrei Shleifer · The Journal of Finance · 1999 · 10.7K citations · Full text

Management, Corporate Governance, Finance +16

The investment opportunity set and corporate financing, dividend, and compensation policies

Clifford W. Smith, Ross L. Watts · Journal of Financial Economics · 1992 · 3.8K citations

Business, Business Economics, Finance +17

DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES

John Lintner · 1956 · 3.5K citations

Law, Business Economics, Finance +12