SSRN Corporate Finance: Governance, Corporate Control & Organization eJournal

1.

Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure

Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, Journal of Financial Economics (JFE), Vol. 3, No. 4, 1976

Number of pages: 78 Posted: 19 Jul 1998 Last Revised: 18 May 2013

Accepted Paper Series

Michael C. Jensen and William H. Meckling

SSRN and Simon School, University of Rochester (Deceased)

Downloads 122,772

2.

A Stakeholder Approach to Strategic Management

Darden Business School Working Paper No. 01-02

Number of pages: 32 Posted: 16 Mar 2001

Working Paper Series

R. Edward Freeman and John McVea

University of Virginia - Darden School of Business and University of Virginia - Darden School of Business

Downloads 42,902

3.

Agency Cost Of Free Cash Flow, Corporate Finance, and Takeovers

American Economic Review, Vol. 76, No. 2, May 1986

Number of pages: 15 Posted: 25 Mar 1999

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 41,192

4.

Corporate Governance and Control

ECGI - Finance Working Paper No. 02/2002

Number of pages: 128 Posted: 31 Oct 2002

Working Paper Series

Marco Becht, Patrick Bolton and Ailsa Röell

Solvay Brussels School of Economics and Management (ULB), Columbia Business School - Department of Economics and Columbia University, School of International and Public Affairs

There are 2 versions of this paper

Downloads 38,685

5.

Separation of Ownership and Control

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998, and Journal of Law and Economics, Vol. 26, June 1983

Number of pages: 32 Posted: 29 Nov 1998

Accepted Paper Series

Eugene F. Fama and Michael C. Jensen

University of Chicago - Finance and SSRN

Downloads 34,343

6.

Value Based Management: Economic Value Added or Cash Value Added?

FWC AB Study No. 1997:3

Number of pages: 42 Posted: 05 Apr 1999

Working Paper Series

Fredrik Weissenrieder

Weissenrieder & Co AB

Downloads 33,379

7.

What Matters in Corporate Governance?

Review of Financial Studies, Vol. 22, No. 2, pp. 783-827, February 2009, Harvard Law School John M. Olin Center Discussion Paper No. 491 (2004)

Number of pages: 61 Posted: 21 Sep 2004 Last Revised: 17 Apr 2009

Accepted Paper Series

Lucian A. Bebchuk, Alma Cohen and Allen Ferrell

Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Harvard Law School

There are 2 versions of this paper

Downloads 30,708

8.

Corporate Governance and Firm Performance

Number of pages: 53 Posted: 27 Sep 2004

Working Paper Series

Lawrence D. Brown and Marcus L. Caylor

Temple University - Department of Accounting and Kennesaw State University

Downloads 26,048

9.

Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them

Harvard NOM Working Paper No. 04-28; ECGI - Finance Working Paper No. 44/2004

Number of pages: 116 Posted: 05 Jul 2004

Working Paper Series

Michael C. Jensen, Kevin J. Murphy and Eric G. Wruck

SSRN, University of Southern California - Marshall School of Business and Ohio State University (OSU) - Fisher College of Business

Downloads 23,665

10.

Corporate Governance and Equity Prices

Quarterly Journal of Economics, Vol. 118, No. 1, pp. 107-155, February 2003

Number of pages: 67 Posted: 12 Sep 2001

Working Paper Series

Paul A. Gompers, Joy L. Ishii and Andrew Metrick

Harvard Business School - Finance Unit, Stanford Graduate School of Business and Yale School of Management

There are 3 versions of this paper

Downloads 23,328

11.

Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research

Number of pages: 91 Posted: 13 Mar 2008 Last Revised: 07 May 2008

Working Paper Series

Christian Leuz and Peter D. Wysocki

University of Chicago - Booth School of Business and Boston University Questrom School of Business

Downloads 20,591

12.

Executive Compensation

Number of pages: 91 Posted: 19 May 1999

Working Paper Series

Kevin J. Murphy

University of Southern California - Marshall School of Business

Downloads 18,785

13.

International Corporate Governance

ECGI - Finance Working Paper No. 05/2003; and Tuck-JQFA Contemporary Corporate Governance Issues II Conference

Number of pages: 62 Posted: 30 Jul 2002

Working Paper Series

Diane K. Denis and John J. McConnell

University of Pittsburgh - Katz School of Business and Purdue University

Downloads 17,858

14.

Evidence on EVA

Journal of Applied Corporate Finance, Vol. 12, No. 2, Summer 1999

Number of pages: 27 Posted: 20 Sep 1999

Accepted Paper Series

Gary C. Biddle, Robert M. Bowen and James S. Wallace

University of Melbourne, Department of Accounting, Faculty of Business and Economics, University of San Diego - Department of Accountancy and Claremont Colleges - Peter F. Drucker Graduate School of Management

Downloads 15,515

15.

Financial Accounting Information and Corporate Governance

JAE Rochester Conference April 2000

Number of pages: 115 Posted: 28 Apr 2002

Working Paper Series

Robert M. Bushman and Abbie J. Smith

University of North Carolina Kenan-Flagler Business School and University of Chicago - Booth School of Business

There are 2 versions of this paper

Downloads 15,178

16.

Performance of Private Equity Funds

EFA 2005 Moscow Meetings

Number of pages: 50 Posted: 07 Aug 2005 Last Revised: 28 Mar 2008

Working Paper Series

Ludovic Phalippou and Oliver Gottschalg

University of Oxford - Said Business School and HEC Paris - Strategy & Business Policy

Downloads 14,997

17.

Eclipse of the Public Corporation

HARVARD BUSINESS REVIEW (Sept.-Oct. 1989), revised 1997.

Number of pages: 31 Posted: 03 May 1999

Working Paper Series

Michael C. Jensen

SSRN

Downloads 14,773

18.

Corporate Governance and Earnings Management

Number of pages: 35 Posted: 29 Jun 2001

Working Paper Series

Sonda Marrakchi Chtourou, Jean Bédard and Lucie Courteau

University of Sfax, Université Laval - École de comptabilité and Free University of Bozen-Bolzano - Faculty of Economics and Management

Downloads 14,422

19.

Investor Protection and Corporate Governance

Number of pages: 40 Posted: 27 Jul 2000

Working Paper Series

Rafael La Porta, Florencio Lopez de Silanes, Andrei Shleifer and Robert W. Vishny

Dartmouth College - Tuck School of Business, SKEMA Business School, Harvard University - Department of Economics and University of Chicago - Booth School of Business

There are 4 versions of this paper

Downloads 14,364

20.

CEO Incentives: It's Not How Much You Pay, But How

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Harvard Business Review, No. 3, May-June 1990

Number of pages: 36 Posted: 12 Apr 1999

Accepted Paper Series

Michael C. Jensen and Kevin J. Murphy

SSRN and University of Southern California - Marshall School of Business

There are 2 versions of this paper

Downloads 14,354

21.

A Review of IPO Activity, Pricing and Allocations

Yale ICF Working Paper No. 02-01

Number of pages: 45 Posted: 09 Jan 2002

Working Paper Series

Ivo Welch and Jay R. Ritter

University of California, Los Angeles (UCLA) and University of Florida - Department of Finance, Insurance and Real Estate

There are 3 versions of this paper

Downloads 14,316

22.

Agency Problems and Residual Claims

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Journal of Law & Economics, Vol. 26, June 1983

Number of pages: 30 Posted: 29 Nov 1998

Accepted Paper Series

Eugene F. Fama and Michael C. Jensen

University of Chicago - Finance and SSRN

Downloads 13,751

23.

The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000; Journal of Finance, July 1993

Number of pages: 65 Posted: 09 May 1999 Last Revised: 14 Sep 2011

Accepted Paper Series

Michael C. Jensen

SSRN

There are 3 versions of this paper

Downloads 13,427

24.

Theory of Capital Structure - a Review

FRIHET OG MANGFOLD, FESTSSKRIFT TIL ODD, G. Arntzen. L. Fallan & O. Gustafsson, eds., Trondheim: Tapir/TØH, Tapir Academic Press, NO-7005 Trondheim, Norway,

Number of pages: 41 Posted: 17 Jun 2004 Last Revised: 28 Jan 2011

Accepted Paper Series

Stein Frydenberg

NTNU Business School - Norwegian University of Science and Technology (NTNU)

Downloads 13,396

25.

The Fall of Enron

Harvard NOM Working Paper No. 03-38

Number of pages: 46 Posted: 17 Oct 2003

Accepted Paper Series

Krishna Palepu and Paul M. Healy

Harvard University - Harvard Business School and Harvard Business School

Downloads 12,501

26.

Predicting Material Accounting Misstatements

Contemporary Accounting Research, Forthcoming, AAA 2008 Financial Accounting and Reporting Section (FARS) Paper

Number of pages: 72 Posted: 30 Jun 2007 Last Revised: 24 May 2010

Accepted Paper Series

Patricia M. Dechow, Weili Ge, Chad R. Larson and Richard G. Sloan

University of Southern California - Leventhal School of Accounting, University of Washington - Michael G. Foster School of Business, University of Houston - Department of Accountancy & Taxation and University of California, Berkeley - Accounting Group

Downloads 12,275

27.

A New Model of Integrity: An Actionable Pathway to Trust, Productivity and Value (PDF File of Keynote Slides)

Barbados Group Working Paper No. 07-01, Harvard NOM Working Paper No. 07-01, 1st IESE Conference on "Humanizing the Firm and the Management Profession" Presentation

Number of pages: 61 Posted: 20 Sep 2008 Last Revised: 11 Dec 2012

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

Downloads 12,247

28.

The Sarbanes-Oxley Act and the Making of Quack Corporate Governance

NYU, Law and Econ Research Paper 04-032; Yale Law & Econ Research Paper 297; Yale ICF Working Paper 04-37; ECGI - Finance Working Paper 52/2004

Number of pages: 234 Posted: 27 Sep 2004

Working Paper Series

Roberta Romano

Yale Law School

There are 2 versions of this paper

Downloads 12,234

29.

The Market for Corporate Control: The Scientific Evidence

Journal of Financial Economics, Vol. 11, pp. 5-50, 1983

Number of pages: 62 Posted: 31 Aug 2002

Accepted Paper Series

Richard S. Ruback and Michael C. Jensen

Harvard Business School and SSRN

Downloads 12,172

30.

Stockholder, Manager, and Creditor Interests: Applications of Agency Theory

Theory of the Firm (Book), Vol. 1, No. 1, 2000

Number of pages: 46 Posted: 11 Oct 2000 Last Revised: 26 Feb 2013

Accepted Paper Series

Michael C. Jensen and Clifford W. Smith Jr.

SSRN and Simon Graduate School of Business, University of Rochester

Downloads 12,033

31.

New Evidence and Perspectives on Mergers

Harvard Business School Working Paper No. 01-070, HBS Finance Working Paper No. 01-070

Number of pages: 32 Posted: 23 May 2001

Working Paper Series

Gregor Andrade, Mark L. Mitchell and Erik Stafford

Harvard Business School - Finance Unit, AQR Capital Management, LLC and Harvard Business School - Finance Unit

Downloads 11,927

32.

Global Accounting Convergence and the Potential Adoption of IFRS by the United States: An Analysis of Economic and Policy Factors

Number of pages: 104 Posted: 11 Mar 2009

Working Paper Series

Luzi Hail, Christian Leuz and Peter D. Wysocki

University of Pennsylvania - The Wharton School, University of Chicago - Booth School of Business and Boston University Questrom School of Business

There are 2 versions of this paper

Downloads 11,621

33.

Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

post-publication version, published in Journal of Law, Economics, and Organization, Vol. 22, No. 2, Fall 2006, ECGI - Finance Working Paper No. 86/2005, KDI School of Pub Policy & Management Paper No. 02-04, McCombs Research Paper Series No. 02-05, Stanford Law and Economics Olin Working Paper No. 237, U of Texas law, Law and Econ Research Paper No. 26

Number of pages: 66 Posted: 20 Jan 2005 Last Revised: 18 Jun 2013

Accepted Paper Series

Bernard S. Black, Hasung Jang and Woochan Kim

Northwestern University - Pritzker School of Law, Korea University - Department of Finance and Korea University Business School

There are 3 versions of this paper

Downloads 10,856

34.

Compensation and Incentives: Practice vs. Theory

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Journal of Finance, Vol. 63, No. 3, pp. 593-616, July 1998

Number of pages: 38 Posted: 24 Sep 1998

Accepted Paper Series

George P. Baker, Michael C. Jensen and Kevin J. Murphy

HBS Negotiations, Organizations and Markets Unit, SSRN and University of Southern California - Marshall School of Business

Downloads 10,501

35.

The Laws of the Virtual Worlds

California Law Review, Forthcoming

Number of pages: 101 Posted: 29 May 2003

Accepted Paper Series

Greg Lastowka and Dan Hunter

Rutgers School of Law and Swinburne Law School

Downloads 10,366

36.

Just Say No to Wall Street: Putting a Stop to the Earnings Game

Journal of Applied Corporate Finance, Vol. 14, No. 4, pp. 41-46, Winter 2002

Number of pages: 7 Posted: 17 Jan 2002 Last Revised: 18 May 2013

Accepted Paper Series

Joseph Fuller and Michael C. Jensen

The Monitor Company and SSRN

There are 3 versions of this paper

Downloads 10,269

37.

Market Risk Premium and Risk Free Rate Used for 51 Countries in 2013: A Survey with 6,237 Answers

Number of pages: 19 Posted: 15 Jul 2006 Last Revised: 27 Jun 2013

Working Paper Series

Pablo Fernandez, Javier Aguirreamalloa and Pablo Linares

University of Navarra - IESE Business School, IESE Business School and University of Navarra, IESE Business School

Downloads 10,190

38.

What is Corporate Law?

Yale Law & Economics Research Paper No. 300

Number of pages: 21 Posted: 27 Jul 2004 Last Revised: 26 Jan 2017

Accepted Paper Series

Henry Hansmann and Reinier Kraakman

Yale Law School and Harvard Law School

Downloads 10,126

39.

Earnings Management and Corporate Governance: The Roles of the Board and the Audit Committee

Number of pages: 32 Posted: 22 Mar 2002

Working Paper Series

Biao Xie, Wallace N. Davidson III and Peter J. DaDalt

Southern Illinois University at Carbondale - Department of Finance, Southern Illinois University at Carbondale - Department of Finance and University of Rhode Island - Area of Finance and Insurance

There are 2 versions of this paper

Downloads 9,759

40.

From State to Market: A Survey of Empirical Studies on Privatization

Journal of Economic Literature, Vol. 39, No. 2, June 2001

Number of pages: 88 Posted: 04 Apr 2001

Accepted Paper Series

Jeffry M. Netter and William L. Megginson

University of Georgia - Department of Banking and Finance and University of Oklahoma

Downloads 9,449

41.

The Long-Term Effects of Hedge Fund Activism

Harvard Law School John M. Olin Center Discussion Paper No. 802, Columbia Law Review, Vol. 115, 2015, pp. 1085-1156, Columbia Business School Research Paper No. 13-66

Number of pages: 77 Posted: 07 Aug 2013 Last Revised: 02 Jul 2015

Accepted Paper Series

Lucian A. Bebchuk, Alon Brav and Wei Jiang

Harvard Law School, Duke University - Fuqua School of Business and Columbia Business School - Finance and Economics

There are 2 versions of this paper

Downloads 9,295

42.

The Future as History: The Prospects for Global Convergence in Corporate Governance and Its Implications

Columbia Law School Center for Law and Economic Studies Working Paper No. 144

Number of pages: 141 Posted: 04 Jan 1999

Working Paper Series

John C. Coffee Jr.

Columbia Law School

Downloads 9,251

43.

Regulating Bankers' Pay

Georgetown Law Journal, Vol. 98, No. 2, pp. 247-287, 2010, Harvard Law and Economics Discussion Paper No. 641

Number of pages: 52 Posted: 30 May 2009 Last Revised: 08 Oct 2010

Accepted Paper Series

Lucian A. Bebchuk and Holger Spamann

Harvard Law School and Harvard Law School

Downloads 9,241

44.

The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008

Yale Journal on Regulation, Vol. 27, 2010, pp. 257-282, Harvard Law and Economics Discussion Paper No. 657, ECGI - Finance Working Paper No. 287

Number of pages: 31 Posted: 26 Nov 2009 Last Revised: 01 Dec 2010

Accepted Paper Series

Lucian A. Bebchuk, Alma Cohen and Holger Spamann

Harvard Law School, Tel Aviv University - Eitan Berglas School of Economics and Harvard Law School

Downloads 9,057

45.

Private Equity Performance: Returns, Persistence and Capital Flows

MIT Sloan Working Paper No. 4446-03; AFA 2004 San Diego Meetings

Number of pages: 46 Posted: 04 Dec 2003

Working Paper Series

Steven N. Kaplan and Antoinette Schoar

University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 9,046

46.

Pay Without Performance: Overview of the Issues

Journal of Corporation Law, Vol. 30, No. 4, pp. 647-673, 2005, Journal of Applied Corporate Finance, Vol. 17, No. 4, pp. 8-22, 2005, Academy of Management Perspectives, pp. 5-24, February 2006, Harvard Law and Economics Discussion Paper No. 528

Number of pages: 16 Posted: 19 Jul 2005 Last Revised: 28 Apr 2009

Accepted Paper Series

Lucian A. Bebchuk and Jesse M. Fried

Harvard Law School and Harvard Law School

Downloads 9,022

47.

Corporate Governance in Banking: A Conceptual Framework

Number of pages: 28 Posted: 11 Dec 2000

Working Paper Series

Penny Ciancanelli and José Antonio Reyes-Gonzalez

University of Strathclyde - Department of Accounting and Finance and University of Strathclyde - Department of Accounting and Finance

Downloads 8,901

48.

How Important is Corporate Governance?

Number of pages: 77 Posted: 28 Sep 2004

Working Paper Series

David F. Larcker, Scott A. Richardson and A. Irem Tuna

Stanford University - Graduate School of Business, AQR Capital Management, LLC and London Business School

Downloads 8,781

49.

Divisional Performance Measurement

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998

Number of pages: 22 Posted: 29 Nov 1998 Last Revised: 17 Jan 2011

Accepted Paper Series

Michael C. Jensen and William H. Meckling

SSRN and Simon School, University of Rochester (Deceased)

There are 2 versions of this paper

Downloads 8,773

50.

Agency Costs of Overvalued Equity

ECGI - Finance Working Paper No. 39/2004, Harvard Business School NOM Working Paper No. 04-26, Financial Management, Vol. 34, No. 1, Spring 2005

Number of pages: 18 Posted: 29 Mar 2004 Last Revised: 06 May 2009

Accepted Paper Series

Michael C. Jensen

SSRN

There are 4 versions of this paper

Downloads 8,724

Quick Links

Rankings

About