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Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives
16 references·9 citing·29 second hop
Empire-Builders and Shirkers: Investment, Firm Performance, and Managerial Incentives (1999)Empire-Builders and Shirkers: Investment,…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Higher market valuation of companies with a small board of directors (1996)Higher market valuation of co…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Management ownership and market valuation (1988)Management ownership and mark…Financing Constraints and Corporate Investment (1988)Financing Constraints and Cor…Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Moral Hazard and Observability (1979)Moral Hazard and ObservabilityDeterminants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Board characteristics, institutional ownership, and investment efficiency: Evidence from an emerging market (2024)Board characteristics, instit…Corporate debt maturity and future firm performance volatility (2018)Corporate debt maturity and f…Managerial Private Benefits and Overinvestment (2014)Managerial Private Benefits a…Institutional Investors and Corporate Investment (2010)Institutional Investors and C…Executive Compensation and the Maturity Structure of Corporate Debt (2009)Executive Compensation and th…STOCK OPTIONS AND MANAGERIAL INCENTIVES TO INVEST (2004)STOCK OPTIONS AND MANAGERIAL …Access, Common Agency, and Board Size (2004)Access, Common Agency, and Bo…A Unified Model of Distorted Investment: Theory and Evidence (2002)A Unified Model of Distorted …CEO Compensation, Diversification and Incentives (2001)CEO Compensation, Diversifica…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. (1972)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Good News and Bad News: Representation Theorems and Applications (1981)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)Law and Finance (1998)Corporate Ownership Around the World (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Audit committee, board of director characteristics, and earnings management (2002)Corporate Governance and Equity Prices (2003)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Legal Determinants of External Finance (1997)Investor protection and corporate governance (2000)
this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1979Moral Hazard and Observability8,358 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1996Higher market valuation of companies with a small board of directors6,614 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited

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  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • Cited by

    • 2001CEO Compensation, Diversification and Incentives67 cited
    • 2018Corporate debt maturity and future firm performance volatility45 cited
    • 2010Institutional Investors and Corporate Investment39 cited
    • 2004Access, Common Agency, and Board Size37 cited
    • 2009Executive Compensation and the Maturity Structure of Corporate Debt31 cited
    • 2002A Unified Model of Distorted Investment: Theory and Evidence28 cited
    • 2004STOCK OPTIONS AND MANAGERIAL INCENTIVES TO INVEST26 cited
    • 2024Board characteristics, institutional ownership, and investment efficiency: Evidence from an emerging market23 cited
    • 2014Managerial Private Benefits and Overinvestment23 cited