articleTop 1% cited
The investment opportunity set and corporate financing, dividend, and compensation policies
Journal of Financial Economics · 1992 · Vol. 32(3) · pp. 263–292
Clifford W. Smith✉(University of Rochester)Ross L. Watts(University of Rochester)
Corporate Finance and GovernanceFinancial Reporting and Valuation ResearchCapital Investment and Risk AnalysisDividendDividend policyCompensation (psychology)Corporate financeInvestment (military)Executive compensationSet (abstract data type)BusinessExternal financingEmpirical evidence
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References
On financial contracting
Journal of Financial Economics · 1979 · 3,025 citations
Determinants of corporate borrowing
Journal of Financial Economics · 1977 · 13,277 citations
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
Econometrica · 1980 · 25,944 citations
The Determinants of Capital Structure Choice
The Journal of Finance · 1988 · 5,539 citations
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
American Economic Review · 1986 · 17,570 citations
Corporate financing and investment decisions when firms have information that investors do not have
Journal of Financial Economics · 1984 · 18,862 citations
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