Incentives, downsizing, and value creation at general dynamics,

The Pricing of Options and Corporate Liabilities

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

Business, Economics, Finance +13

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 Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

Michael C. Jensen · The Journal of Finance · 1993 · 8.7K citations · Full text

Social Sciences, Economics, Finance +15

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

Compensation and Incentives: Practice vs. Theory

George P. Baker, Michael C. Jensen, Kevin J. Murphy · The Journal of Finance · 1988 · 1.8K citations · Full text

Management, Economics, Organizational Behavior +17