Do financial conglomerates create or destroy value? Evidence for the EU

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

A simple panel unit root test in the presence of cross‐section dependence

M. Hashem Pesaran · Journal of Applied Econometrics · 2007 · 12K citations · Full text

Social Sciences, Economics, Econometrics +16

Managerial discretion and optimal financing policies

René M. Stulz · Journal of Financial Economics · 1990 · 3.8K citations

Management, Finance, Financial Management +14

Efficiency of financial institutions: International survey and directions for future research

Allen N. Berger, David B. Humphrey · European Journal of Operational Research · 1997 · 3.5K citations · Full text

Social Sciences, Business Economics, Economics +16

Diversification's effect on firm value

Philip G. Berger, Eli Ofek · Journal of Financial Economics · 1995 · 3.2K citations · Full text

Business, Business Economics, Strategy +16