Most cited papers in Capital Investment and Risk Analysis
What are the most cited papers in Capital Investment and Risk Analysis?
The most cited paper in Capital Investment and Risk Analysis is "Corporate financing and investment decisions when firms have information that investors do not have" (Stewart C. Myers, Nicholas S. Majluf, 1984), with 19,433 citations. Next come "CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*" (17,476) and "Dynamic capabilities: what are they?" (14,792).
Showing 50 of 99 papers. Every paper with more than 823 citations is listed.
| # | Paper | ||
|---|---|---|---|
| 1 | Corporate financing and investment decisions when firms have information that investors do not have Stewart C. Myers, Nicholas S. Majluf · Journal of Financial Economics | Jun 1984 | 19,433 |
| 2 | CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* William F. Sharpe · The Journal of Finance | Sep 1964 | 17,476 |
| 3 | Dynamic capabilities: what are they? Kathleen M. Eisenhardt, Jeffrey A. Martin · Strategic Management Journal | 2000 | 14,792 |
| 4 | Determinants of corporate borrowing Stewart C. Myers · Journal of Financial Economics | Nov 1977 | 13,558 |
| 5 | Strategic assets and organizational rent Raphael H Amit, Paul J. H. Schoemaker · Strategic Management Journal | 1993 | 8,412 |
| 6 | Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? S. N. Kaplan, Luigi Zingales · The Quarterly Journal of Economics | Feb 1997 | 6,923 |
| 7 | Industry costs of equity Eugene F. Fama, Kenneth R. French · Journal of Financial Economics | Feb 1997 | 6,264 |
| 8 | Option pricing: A simplified approach John C. Cox, Stephen A. Ross, Mark Rubinstein · Journal of Financial Economics | Sep 1979 | 6,227 |
| 9 | The investment opportunity set and corporate financing, dividend, and compensation policies Clifford W. Smith, Ross L. Watts · Journal of Financial Economics | Dec 1992 | 3,823 |
| 10 | Managerial discretion and optimal financing policies René M. Stulz · Journal of Financial Economics | Jul 1990 | 3,806 |
| 11 | Strategic alliances and interfirm knowledge transfer David C. Mowery, Joanne E. Oxley, Brian S. Silverman · Strategic Management Journal | Dec 1996 | 3,455 |
| 12 | Valuing American Options by Simulation: A Simple Least-Squares Approach Francis A. Longstaff, Eduardo S. Schwartz · Review of Financial Studies | 2001 | 3,356 |
| 13 | The valuation of options for alternative stochastic processes John C. Cox, Stephen A. Ross · Journal of Financial Economics | 1976 | 3,036 |
| 14 | The pricing of commodity contracts Fischer Black · Journal of Financial Economics | 1976 | 2,960 |
| 15 | Why Do U.S. Firms Hold So Much More Cash than They Used To? Thomas W. Bates, Kathleen M. Kahle, René M. Stulz · The Journal of Finance | 28 Sep 2009 | 2,944 |
| 16 | The Internet of Things (IoT): Applications, investments, and challenges for enterprises In Kyu Lee, Kyoochun Lee · Business Horizons | 2 May 2015 | 2,810 |
| 17 | Innovation in conservative and entrepreneurial firms: Two models of strategic momentum Danny L. Miller, Peter H. Friesen · Strategic Management Journal | 1982 | 2,752 |
| 18 | Empirical Performance of Alternative Option Pricing Models Gurdip Bakshi, Charles Cao, Zhiwu Chen · The Journal of Finance | Dec 1997 | 2,731 |
| 19 | What Do We Know about Capital Structure? Some Evidence from International Data Raghuram G. Rajan, Luigi Zingales · The Journal of Finance | Dec 1995 | 2,543 |
| 20 | The stochastic behavior of common stock variances Value, leverage and interest rate effects Andrew A. Christie · Journal of Financial Economics | Dec 1982 | 2,461 |
| 21 | Markov-Perfect Industry Dynamics: A Framework for Empirical Work Richard E. Ericson, Ariel Pakes · The Review of Economic Studies | 1995 | 2,414 |
| 22 | Assessing Advantage: A Framework for Diagnosing Competitive Superiority George S. Day, Robin Wensley · Journal of Marketing | Apr 1988 | 2,371 |
| 23 | Pricing Interest-Rate-Derivative Securities John C. Hull, Alan D White · Review of Financial Studies | Oct 1990 | 2,259 |
| 24 | Optimal Investment, Monitoring, and the Staging of Venture Capital Paul A. Gompers · The Journal of Finance | Dec 1995 | 2,149 |
| 25 | The capitalization, amortization, and value-relevance of R&D Baruch Itamar Lev, Theodore Sougiannis · Journal of Accounting and Economics | Feb 1996 | 2,068 |
| 26 | Toward an Implied Cost of Capital William R. Gebhardt, Charles M.C. Lee, Bhaskaran Swaminathan · Journal of Accounting Research | Jun 2001 | 2,006 |
| 27 | Partial adjustment toward target capital structures Mark Jeffrey Flannery, Kasturi P. Rangan · Journal of Financial Economics | 11 Oct 2005 | 1,995 |
| 28 | Exploration and exploitation alliances in biotechnology: a system of new product development Frank T. Rothaermel, DAVID L. DEEDS · Strategic Management Journal | 22 Jan 2004 | 1,962 |
| 29 | Estimating the Value of Employee Stock Option Portfolios and Their Sensitivities to Price and Volatility John E. Core, Wayne R. Guay · Journal of Accounting Research | Jun 2002 | 1,860 |
| 30 | The Fine Structure of Asset Returns: An Empirical Investigation Peter Carr, Hélyette Geman, Dilip B. Madan et al. · The Journal of Business | Apr 2002 | 1,841 |
| 31 | The jump-risk premia implicit in options: evidence from an integrated time-series study Jun Min Pan · Journal of Financial Economics | 2002 | 1,816 |
| 32 | Testing static tradeoff against pecking order models of capital structure1This paper has benefited from comments by seminar participants at Boston College, Boston Unsiversity, Dartmouth College, Massachusetts Institute of Technology, University of Massachusetts, Ohio State University, University of California at Los Angeles and the NBER, especially Eugene Fama and Robert Gertner. The usual disclai Lakshmi Shyam-Sunder, Stewart C. Myers · Journal of Financial Economics | Feb 1999 | 1,812 |
| 33 | Economies of scope and the scope of the enterprise David J. Teece · Journal of Economic Behavior & Organization | Sep 1980 | 1,783 |
| 34 | Agency costs and innovation Bengt R. Holmstrom · Journal of Economic Behavior & Organization | Dec 1989 | 1,683 |
| 35 | Unraveling the resource‐based tangle Margaret A. Peteraf, Jay Bryan Barney · Managerial and Decision Economics | Jun 2003 | 1,659 |
| 36 | Agency Costs, Risk Management, and Capital Structure Hayne E. Leland · The Journal of Finance | Aug 1998 | 1,590 |
| 37 | Signalling by underpricing in the IPO market Franklin Allen, Gerald R. Faulhaber · Journal of Financial Economics | Aug 1989 | 1,500 |
| 38 | Unpacking Organizational Ambidexterity: Dimensions, Contingencies, and Synergistic Effects Qing Ray Cao, Eric R. Gedajlovic, Hong Ping Zhang · Organization Science | 27 Apr 2009 | 1,447 |
| 39 | The energy-efficiency gap What does it mean? Adam B. Jaffe, Robert N. Stavins · Energy Policy | Oct 1994 | 1,437 |
| 40 | A Resource-Based Theory of Strategic Alliances T. K. Das, Bing‐Sheng Teng · Journal of Management | Feb 2000 | 1,411 |
| 41 | Joint Ventures and the Option to Expand and Acquire Bruce Kogut · Management Science | 1991 | 1,383 |
| 42 | Options: A Monte Carlo approach Phelim P. Boyle · Journal of Financial Economics | May 1977 | 1,359 |
| 43 | Measuring strategic performance Balaji S. Chakravarthy · Strategic Management Journal | Sep 1986 | 1,309 |
| 44 | The option pricing model and the risk factor of stock Dan Galai, Ronald W. Masulis · Journal of Financial Economics | 1976 | 1,282 |
| 45 | Measurement Error and the Relationship between Investment and q Timothy B. Erickson, Toni M. Whited · Journal of Political Economy | Oct 2000 | 1,267 |
| 46 | Real options: Managerial flexibility and strategy in resource allocation Graham A. Davis · Resources Policy | Sep 1996 | 1,260 |
| 47 | Intangible capital and the investment-q relation Ryan H. Peters, Lucian A. Taylor · Journal of Financial Economics | 9 Nov 2016 | 1,253 |
| 48 | RETHINKING RISK MANAGEMENT René M. Stulz · Journal of applied corporate finance | Sep 1996 | 1,245 |
| 49 | Stock options for undiversified executives Brian James Hall, Kevin J. Murphy · Journal of Accounting and Economics | Feb 2002 | 1,227 |
| 50 | Cash Flow and Investment: Evidence from Internal Capital Markets Owen A Lamont · The Journal of Finance | Mar 1997 | 1,219 |
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.