Here are the top 5 papers downloaded from the SSRN eLibrary for the week ending May 22, 2009:

1. Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007
by Gary B. Gorton (Yale School of Management; National Bureau of Economic Research)

2. A Quantitative Approach to Tactical Asset Allocation
by Mebane T. Faber (Cambria Investment Management)

3. Which CEO Characteristics and Abilities Matter?
by Steven N. Kaplan (University of Chicago – Booth School of Business; National Bureau of Economic Research) and Mark M. Klebanov (University of Chicago – Graduate School of Business) and Morten Sorensen (Columbia Business School; National Bureau of Economic Research; Swedish Institute for Financial Research)

4.Theory of the Firm: Managerial Behavior, Agency Cost and Ownership Structure
by Michael C. Jensen (Harvard Business School; The Monitor Company; Social Science Electronic Publishing) and William H. Meckling (University of Rochester Simon School [deceased])

5. The Crisis of Fair Value Accounting: Making Sense of the Recent Debate
by Christian Laux (Goethe University Frankfurt) and Christian Leuz (University of Chicago – Booth School of Business; National Bureau of Economic Research; European Corporate Governance Institute; University of Pennsylvania – Wharton Financial Institutions Center)