Research in International Business and Finance · 2007 · 105 citations · 30 references
ManagementCorporate GovernanceFinanceCorporate FinanceMarket ConcentrationOwnership StructurePrivatizationState-owned Enterprise GovernanceState-owned EnterprisesCorporate Ownership StructureOwnership StrategyOwnership Structure EffectsState Enterprise Ownership
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Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Michael C. Jensen · American Economic Review · 1986 · 17.6K citations
Management ownership and market valuation
Andrei Shleifer, Robert W. Vishny · Journal of Financial Economics · 1988 · 7.1K citations · Full text