Monitoring, agency costs, and ownership structure

Armen Alchian and Harold Demsetz, “Production, Information Costs, and Economic Organization,” American Economic Review 62(5), December 1972).

Eugene F. Fama and Michael Jensen, “The Separation of Ownership and Control,” Journal of Law and Economics 26(2): 301-27 (June 1983).

Eugene F. Fama and Michael Jensen, “Agency Problems and Residual Claims,” Journal of Law and Economics 26(2): 327-50 (June 1983).

Henry Hansmann, “The Ownership of Enterprise,” Journal of Law, Economics, and Organization 4(2): 267-304 (Fall 1988).