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

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

2. 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)

3. Understanding the Subprime Mortgage Crisis
by Yuliya S. Demyanyk (Federal Reserve Bank of Cleveland) and Otto Van Hemert (New York University – Department of Finance)

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

5. Governance Matters VII: Aggregate and Individual Governance Indicators, 1996-2007
by Daniel Kaufmann (Brookings Institution) and Aart Kraay (World Bank – Development Research Group) and Massimo Mastruzzi (World Bank Institute)