2Aghion, Philippe, and Tirole, Jean,1997, "Formal and Real Authority in Organizations." Journal of Political Economy 105: 1--29.
3Burkart, Mike, Gromb, Denis, and Panunzi, Fausto, 1998, "Why Higher Takeover Premia Protect Minority Shareholders." Journal of Political Economy 106: 172--204.
4Hirshleifer, David, and Thakor, Ahjan V., 1994, "Managerial Performance, Board of Directors and Takeover Bidding." Journal of Corporate Finance 1: 63--90.
5Holmatrom, Bengt, 1979, "Moral Hazard and Observability." Bell Journal of Economics 10 (Spring) : 74--91.
6Holmstrom, Bengt, 1999, "Managerial Incentive Problems: A Dynamic Perspective. " Review of Economic Studies 66: 169--182.
7Huson, Mark R., Robert Parrino, and Laura T. Starks, 2001, "Internal Monitoring Mechanisms and CEO Turnover: A Long-term Perspective." The Journal of Finance 6 (December) : 2265--2297.
8Jensen, Michael C., 1993, "The Modem Industrial Revolution, Exit, and the Failure of Internal Control Systems," The Journal of Finance(July): 831--880.
9John, Kose, and Senbet, Lemma W., 1998, "Corporate Governance and Board Effectiveness." Journal of Banking and Finance 22.
10Johnson, S., La Porta, R., Lopez-de-Silanes, F., and Shleifer, A.,2000, "Tunneling," American Economic Review (Papers and Proceedings) 90: 22--27.