Parent-subsidiary dispersion and executive excess perks consumption

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

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

A Simple Model of Capital Market Equilibrium with Incomplete Information

Robert C. Merton · The Journal of Finance · 1987 · 5.8K citations · Full text

Business, Economics, Finance +8

Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation

Sanford J. Grossman, Oliver Hart · The Bell Journal of Economics · 1980 · 3.2K citations

Management, Business Economics, Corporate Governance +15

Private Benefits of Control: An International Comparison

Alexander Dyck, Luigi Zingales · The Journal of Finance · 2004 · 2.6K citations · Full text

Law, Corporate Governance, Tax Law +9