Understanding corporate philanthropy in the hospitality industry

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

Separation of Ownership and Control

Eugene F. Fama, Michael C. Jensen · The Journal of Law and Economics · 1983 · 19.1K citations

Management, Contract Law, Corporate Governance +12

Specification Tests in Econometrics

Jerry A. Hausman · Econometrica · 1978 · 18.4K citations

Social Sciences, Economics, Causal Inference +15

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 Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

Michael C. Jensen · The Journal of Finance · 1993 · 8.7K citations · Full text

Social Sciences, Economics, Finance +15