Most cited papers in Banking stability, regulation, efficiency
What are the most cited papers in Banking stability, regulation, efficiency?
The most cited paper in Banking stability, regulation, efficiency is "Theory of the firm: Managerial behavior, agency costs and ownership structure" (Michael C. Jensen, William H. Meckling, 1976), with 72,158 citations. Next come "Law and Finance" (18,396) and "Legal Determinants of External Finance" (10,059).
Showing 50 of 99 papers. Every paper with more than 1,799 citations is listed.
| # | Paper | ||
|---|---|---|---|
| 1 | Theory of the firm: Managerial behavior, agency costs and ownership structure Michael C. Jensen, William H. Meckling · Journal of Financial Economics | Oct 1976 | 72,158 |
| 2 | Law and Finance Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · Journal of Political Economy | Dec 1998 | 18,396 |
| 3 | Legal Determinants of External Finance RAFAEL LA PORTA, Florencio López‐de‐Silanes, Andrei Shleifer et al. · The Journal of Finance | Jul 1997 | 10,059 |
| 4 | Bank Runs, Deposit Insurance, and Liquidity Douglas W. Diamond, Philip H. Dybvig · Journal of Political Economy | Jun 1983 | 9,677 |
| 5 | Financial Intermediation and Delegated Monitoring Douglas W. Diamond · The Review of Economic Studies | Jul 1984 | 8,655 |
| 6 | Management ownership and market valuation Randall K Morck, Andrei Shleifer, Robert W. Vishny · Journal of Financial Economics | 1988 | 7,113 |
| 7 | Investor protection and corporate governance Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · Journal of Financial Economics | 2000 | 6,360 |
| 8 | Property Rights and the Nature of the Firm Oliver Hart, John Hardman Moore · Journal of Political Economy | Dec 1990 | 5,552 |
| 9 | The separation of ownership and control in East Asian Corporations Stijn Claessens, Simeon Djankov, Larry H.P. Lang · Journal of Financial Economics | 2000 | 5,316 |
| 10 | Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information Michael Rothschild, Joseph E. Stiglitz · The Quarterly Journal of Economics | Nov 1976 | 5,097 |
| 11 | The Twin Crises: The Causes of Banking and Balance-of-Payments Problems Graciela Kaminsky, Carmen Reinhart · American Economic Review | Jun 1999 | 5,066 |
| 12 | Credit Cycles Nobuhiro Kiyotaki, John Hardman Moore · Journal of Political Economy | Apr 1997 | 4,840 |
| 13 | On the network topology of variance decompositions: Measuring the connectedness of financial firms Francis X. Diebold, Kamil Yılmaz · Journal of Econometrics | 24 Apr 2014 | 4,689 |
| 14 | Law, finance, and economic growth in China Fred H. Allen, Jun “QJ” Qian, Meijun Qian · Journal of Financial Economics | 2 Apr 2005 | 4,573 |
| 15 | Inside the Black Box: The Credit Channel of Monetary Policy Transmission Ben Bernanke, Mark L. Gertler · The Journal of Economic Perspectives | Nov 1995 | 4,200 |
| 16 | Financial Intermediation, Loanable Funds, and The Real Sector Bengt R. Holmstrom, J. Tirole · The Quarterly Journal of Economics | Aug 1997 | 4,060 |
| 17 | Enjoying the Quiet Life? Corporate Governance and Managerial Preferences Marianne Bertrand, Sendhil Mullainathan · Journal of Political Economy | 23 Sep 2003 | 4,001 |
| 18 | The Theory of Capital Structure Milton Harris, Artur Raviv · The Journal of Finance | Mar 1991 | 3,963 |
| 19 | Financial Constraints Risk Toni M. Whited, Guojun Wu · Review of Financial Studies | 2006 | 3,739 |
| 20 | Martingales and arbitrage in multiperiod securities markets J. Michael Harrison, David M. Kreps · Journal of Economic Theory | Jun 1979 | 3,737 |
| 21 | Chapter 21 The financial accelerator in a quantitative business cycle framework Ben Bernanke, Mark L. Gertler, Simon Gilchrist · Handbook of macroeconomics | 1999 | 3,650 |
| 22 | Efficiency of financial institutions: International survey and directions for future research Allen N. Berger, David Burras Humphrey · European Journal of Operational Research | Apr 1997 | 3,510 |
| 23 | The saving and investment nexus for China: evidence from cointegration tests Paresh Kumar Narayan · Applied Economics | 20 Sep 2005 | 3,483 |
| 24 | Deciphering the Liquidity and Credit Crunch 2007–2008 Markus Konrad Brunnermeier · The Journal of Economic Perspectives | 2009 | 3,451 |
| 25 | Monitoring and Reputation: The Choice between Bank Loans and Directly Placed Debt Douglas W. Diamond · Journal of Political Economy | Aug 1991 | 3,438 |
| 26 | The great reversals: the politics of financial development in the twentieth century Raghuram G. Rajan, Luigi Zingales · Journal of Financial Economics | 2 Jun 2003 | 3,431 |
| 27 | The Effect of Credit Market Competition on Lending Relationships Mitchell A. Petersen, Raghuram G. Rajan · The Quarterly Journal of Economics | May 1995 | 3,406 |
| 28 | Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States Thorsten Beck, Ross Eric Levine, Alexey Levkov · The Journal of Finance | 21 Sep 2010 | 3,375 |
| 29 | Financial Contagion Franklin Allen, Douglas M Gale · Journal of Political Economy | Feb 2000 | 3,264 |
| 30 | Bank governance, regulation and risk taking Luc A. Laeven, Ross Eric Levine | 2008 | 3,212 |
| 31 | On financial contracting Clifford W. Smith, Jerold B. Warner · Journal of Financial Economics | Jun 1979 | 3,074 |
| 32 | Asset pricing with liquidity risk Viral V. Acharya, Lasse Heje Pedersen · Journal of Financial Economics | 2 Apr 2005 | 2,950 |
| 33 | Law and Finance Rafael La Porta, Florencio López de Silanes, Andrei Shleifer et al. · SSRN Electronic Journal | Jul 1996 | 2,940 |
| 34 | R2 around the world: New theory and new tests☆ Ling Xu Jin, Sarah Myers · Journal of Financial Economics | 10 Sep 2005 | 2,900 |
| 35 | Private credit in 129 countries☆ Simeon Djankov, Caralee McLiesh, Andrei Shleifer · Journal of Financial Economics | 25 Jan 2007 | 2,889 |
| 36 | Chapter 12 Finance and Growth: Theory and Evidence Ross Eric Levine · Elsevier eBooks | 2005 | 2,865 |
| 37 | What matters for financial development? Capital controls, institutions, and interactions Menzie Chinn, Hiro Ito · Journal of Development Economics | 24 Oct 2005 | 2,675 |
| 38 | Bank lending during the financial crisis of 2008 Victoria Ivashina, David S. Scharfstein · Journal of Financial Economics | 17 Dec 2009 | 2,640 |
| 39 | Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms Mark L. Gertler, Simon Gilchrist · The Quarterly Journal of Economics | May 1994 | 2,635 |
| 40 | Investment banking, reputation, and the underpricing of initial public offerings Randolph P. Beatty, Jay R. Ritter · Journal of Financial Economics | 1986 | 2,623 |
| 41 | Modeling Term Structures of Defaultable Bonds Darrell Duffie, Kenneth J. Singleton · Review of Financial Studies | 2 Jul 1999 | 2,605 |
| 42 | What Do a Million Observations on Banks Say About the Transmission of Monetary Policy? Anil Kumar Kashyap, Jeremy C. Stein · American Economic Review | Jun 2000 | 2,592 |
| 43 | The journal of financial economics G. William Schwert · Journal of Financial Economics | Jun 1993 | 2,573 |
| 44 | Government Ownership of Banks Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer · The Journal of Finance | Feb 2002 | 2,567 |
| 45 | Information Production and Capital Allocation: Decentralized versus Hierarchical Firms Jeremy C. Stein · The Journal of Finance | Oct 2002 | 2,554 |
| 46 | Agency Costs and Ownership Structure James S. K. Ang, Rebel A. Cole, James Wuh Lin · The Journal of Finance | Feb 2000 | 2,544 |
| 47 | Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups Tarun Khanna, Krishna G. Palepu · The Journal of Finance | Apr 2000 | 2,543 |
| 48 | A model of unconventional monetary policy Mark L. Gertler, Péter Karádi · Journal of Monetary Economics | 18 Oct 2010 | 2,480 |
| 49 | What's different about banks? Eugene F. Fama · Journal of Monetary Economics | 1985 | 2,455 |
| 50 | Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups Takeo Hoshi, Anil Kumar Kashyap, David S. Scharfstein · The Quarterly Journal of Economics | Feb 1991 | 2,450 |
Citations are OpenAlex's own counts, from its 2026-09-23 snapshot, so the ranking can differ from Google Scholar or Web of Science. A paper is listed for a field when OpenAlex files it under one of the field's topics; retracted papers and papers whose citation count cannot be traced to citing works are left out, and a preprint and the article it became are shown once. Release dates are OpenAlex's: where a source gave only a month or a year, that is what is shown. How the lists are chosen.