Limited liability and incentive contracting with ex-ante action choices

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

Corporate financing and investment decisions when firms have information that investors do not have

Stewart C. Myers, Nicholas S. Majluf · Journal of Financial Economics · 1984 · 19.1K citations

Management, Business Economics, Finance +17

Moral Hazard and Observability

Bengt Holmström · The Bell Journal of Economics · 1979 · 8.5K citations

Business, Business Economics, Contract Law +17

The Economic Theory of Agency: The Principal's Problem.

Stephen A. Ross · American Economic Review · 1973 · 4.1K citations

Business, Business Economics, Economics +14

Good News and Bad News: Representation Theorems and Applications

Paul Milgrom · The Bell Journal of Economics · 1981 · 3.3K citations

Social Sciences, Business Economics, Economics +17