Topic · Corporate Finance and Governance
Most cited papers in Corporate Finance and Governance
What are the most cited papers in Corporate Finance and Governance?
The most cited paper in Corporate Finance and Governance is "Common risk factors in the returns on stocks and bonds" (Eugene F. Fama, Kenneth R. French, 1993), with 28,079 citations. Next come "Corporate financing and investment decisions when firms have information that investors do not have" (19,433) and "Law and Finance" (18,396).
Showing 50 of 100 papers. Every paper with more than 3,214 citations is listed.
| # | Paper | ||
|---|---|---|---|
| 1 | Common risk factors in the returns on stocks and bonds Eugene F. Fama, Kenneth R. French · Journal of Financial Economics | Feb 1993 | 28,079 |
| 2 | 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 |
| 3 | Law and Finance Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · Journal of Political Economy | Dec 1998 | 18,396 |
| 4 | The Cross‐Section of Expected Stock Returns Eugene F. Fama, Kenneth R. French · The Journal of Finance | Jun 1992 | 15,123 |
| 5 | Determinants of corporate borrowing Stewart C. Myers · Journal of Financial Economics | Nov 1977 | 13,558 |
| 6 | Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency Narasimhan Jegadeesh, Sheridan D. Titman · The Journal of Finance | Mar 1993 | 11,668 |
| 7 | Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches Mitchell A. Petersen · Review of Financial Studies | 3 Jun 2008 | 11,464 |
| 8 | Illiquidity and stock returns: cross-section and time-series effects Yakov Amihud · Journal of Financial Markets | 2002 | 10,623 |
| 9 | Legal Determinants of External Finance RAFAEL LA PORTA, Florencio López‐de‐Silanes, Andrei Shleifer et al. · The Journal of Finance | Jul 1997 | 10,059 |
| 10 | Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness Brian Uzzi · Administrative Science Quarterly | Mar 1997 | 9,734 |
| 11 | Agency Theory: An Assessment and Review Kathleen M. Eisenhardt · Academy of Management Review | 1989 | 9,404 |
| 12 | Financial Intermediation and Delegated Monitoring Douglas W. Diamond · The Review of Economic Studies | Jul 1984 | 8,655 |
| 13 | Asset Stock Accumulation and Sustainability of Competitive Advantage Ingemar Dierickx, Karel O. Cool · Management Science | Dec 1989 | 8,432 |
| 14 | A five-factor asset pricing model Eugene F. Fama, Kenneth R. French · Journal of Financial Economics | 29 Oct 2014 | 8,118 |
| 15 | The Capital Structure Puzzle Stewart C. Myers · The Journal of Finance | Jul 1984 | 7,625 |
| 16 | Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature Paul M. Healy, Krishna G. Palepu · Journal of Accounting and Economics | Sep 2001 | 7,563 |
| 17 | COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS William S. Vickrey · The Journal of Finance | Mar 1961 | 7,356 |
| 18 | The economic institutions of capitalism firms, markets, relational contracting Oliver E. Williamson | 1985 | 7,338 |
| 19 | Management ownership and market valuation Randall K Morck, Andrei Shleifer, Robert W. Vishny · Journal of Financial Economics | 1988 | 7,113 |
| 20 | 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 |
| 21 | Higher market valuation of companies with a small board of directors David Yermack · Journal of Financial Economics | Feb 1996 | 6,870 |
| 22 | What Do We Know about Capital Structure? Some Evidence from International Data Raghuram G. Rajan, Luigi Zingales · The Journal of Finance | Dec 1995 | 6,742 |
| 23 | Using daily stock returns Stephen J. Brown, Jerold B. Warner · Journal of Financial Economics | Mar 1985 | 6,673 |
| 24 | Multifactor Explanations of Asset Pricing Anomalies Eugene F. Fama, Kenneth R. French · The Journal of Finance | Mar 1996 | 6,552 |
| 25 | Bid, ask and transaction prices in a specialist market with heterogeneously informed traders Lawrence R. Glosten, Paul Milgrom · Journal of Financial Economics | Mar 1985 | 6,500 |
| 26 | THE CORPORATE SOCIAL PERFORMANCE-FINANCIAL PERFORMANCE LINK Sandra A. Waddock, Samuel B. Graves · Strategic Management Journal | Apr 1997 | 6,497 |
| 27 | Investor protection and corporate governance Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · Journal of Financial Economics | 2000 | 6,360 |
| 28 | Investor Sentiment and the Cross‐Section of Stock Returns Malcolm P. Baker, Jeffrey A. Wurgler · The Journal of Finance | Aug 2006 | 6,313 |
| 29 | The Effect of National Culture on the Choice of Entry Mode Bruce Kogut, Harbir Singh · Journal of International Business Studies | Sep 1988 | 6,302 |
| 30 | Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design Bengt R. Holmstrom, Paul Milgrom · The Journal of Law Economics and Organization | 1991 | 6,236 |
| 31 | The relationship between return and market value of common stocks Rolf W. Banz · Journal of Financial Economics | Mar 1981 | 6,135 |
| 32 | Corporate Governance and Equity Prices Paul A. Gompers, Joy L. Ishii, Andrew Metrick · The Quarterly Journal of Economics | Feb 2003 | 6,032 |
| 33 | Auditor size and audit quality Linda DeAngelo · Journal of Accounting and Economics | Dec 1981 | 5,960 |
| 34 | Women in the boardroom and their impact on governance and performance☆ Renée B. Adams, Daniel Ferreira · Journal of Financial Economics | 5 Aug 2009 | 5,804 |
| 35 | The theory and practice of corporate finance: evidence from the field John Robert Graham, Campbell R. Harvey · Journal of Financial Economics | May 2001 | 5,765 |
| 36 | Property Rights and the Nature of the Firm Oliver Hart, John Hardman Moore · Journal of Political Economy | Dec 1990 | 5,552 |
| 37 | Earnings management through real activities manipulation Sugata Roychowdhury · Journal of Accounting and Economics | 8 Sep 2006 | 5,415 |
| 38 | The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors Patricia Dechow, Ilia D. Dichev · The Accounting Review | Mar 2002 | 5,414 |
| 39 | Asset pricing and the bid-ask spread Yakov Amihud, Haim Mendelson · Journal of Financial Economics | Dec 1986 | 5,367 |
| 40 | 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 |
| 41 | Earnings management and investor protection: an international comparison Christian Leuz, Dhananjay Nanda, Peter D. Wysocki · Journal of Financial Economics | 12 May 2003 | 5,287 |
| 42 | Earnings, Book Values, and Dividends in Equity Valuation* James A. Ohlson · Contemporary Accounting Research | Mar 1995 | 5,275 |
| 43 | Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 Rolph E. Anderson, David M. Reeb · The Journal of Finance | 6 May 2003 | 5,213 |
| 44 | DOES FAMILIARITY BREED TRUST? THE IMPLICATIONS OF REPEATED TIES FOR CONTRACTUAL CHOICE IN ALLIANCES. Ranjay Gulati · Academy of Management Journal | Feb 1995 | 4,874 |
| 45 | Audit committee, board of director characteristics, and earnings management April Klein · Journal of Accounting and Economics | Aug 2002 | 4,577 |
| 46 | Law, finance, and economic growth in China Fred H. Allen, Jun “QJ” Qian, Meijun Qian · Journal of Financial Economics | 2 Apr 2005 | 4,573 |
| 47 | Corporate governance, chief executive officer compensation, and firm performance John E. Core, Robert W. Holthausen, David F. Larcker · Journal of Financial Economics | Mar 1999 | 4,561 |
| 48 | The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies Henry W. Chesbrough · Industrial and Corporate Change | Jun 2002 | 4,485 |
| 49 | Additional evidence on equity ownership and corporate value John J. McConnell, Henri Servaes · Journal of Financial Economics | Oct 1990 | 4,480 |
| 50 | Outside directors and CEO turnover Michael S. Weisbach · Journal of Financial Economics | 1988 | 4,436 |
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.