4Holmstrom B. and Tirole J., 1993 ,Market Liquidity and Performance Monitoring, The Journal of Political Economy 101, 678-709.
5Jensen, M, ,Meckling, W., 1976, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics 3, 305-360.
6Jensen, M,, 1993, The Modern Industrial Revolution, Exit and the Failure of Internal Control Systems, Journal of Finance 48, 831-880.
7Leech, D., Leahy J., 1991, Ownership Structure, Control Type Classifications and the Performance of Large British Companies, The Economic Journal, Vol. 101, No. 409, 1418-1437.
8Lipton, M., Lorsch, J., 1992, A Modest Proposal for Improved Corporate Governance, Business Lawyer 48,59-77.
9Yermack, D., 1996, Higher Market Valuation of Companies with a Small Board of Directors, Journal of Financial Economics 40, 185-211.
