Trade-Off and Pecking Order Theories of Debt

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

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 Cost of Capital, Corporation Finance and the Theory of Investment

Merton H. Miller · American Economic Review · 1958 · 15K citations

Business, Business Economics, Economics +15

Determinants of corporate borrowing

Stewart C. Myers · Journal of Financial Economics · 1977 · 13.4K citations

Management, Business Economics, Economics +12