SSRN Harvard Business School Research Papers

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 122,711

2.

Value Maximization, Stakeholder Theory, and the Corporate Objective Function

Tuck Business School Working Paper No. 01-09; Harvard NOM Research Paper No. 01-01; Harvard Business School Working Paper No. 00-058

Number of pages: 17 Posted: 11 Apr 2000

Accepted Paper Series

Michael C. Jensen

SSRN

There are 2 versions of this paper

Downloads 42,759

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 41,128

4.

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 34,315

5.

The Nature of Man

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998, Journal of Applied Corporate Finance, Vol. 7, No. 2, pp. 4-19, Summer 1994

Number of pages: 39 Posted: 24 Nov 1997 Last Revised: 18 May 2013

Accepted Paper Series

Michael C. Jensen and William H. Meckling

SSRN and Simon School, University of Rochester (Deceased)

Downloads 31,833

6.

Integrity: Without it Nothing Works

Rotman Magazine: The Magazine of the Rotman School of Management, pp. 16-20, Fall 2009, Harvard Business School NOM Unit Working Paper No. 10-042, Barbados Group Working Paper No. 09-04, Simon School Working Paper No. FR 10-01

Number of pages: 6 Posted: 22 Nov 2009 Last Revised: 10 Jan 2017

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 30,034

7.

Introductory Reading for the 'Being a Leader and The Effective Exercise of Leadership: An Ontological/Phenomenological Model' Course

Harvard Business School Negotiations, Organizations and Markets Unit Research Paper Series No. 10-091, Barbados Group Working Paper No. 08-01, Simon School Working Paper No. 08-02, Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain

Number of pages: 104 Posted: 30 Mar 2009 Last Revised: 10 Jan 2017

Working Paper Series

Werner Erhard, Michael C. Jensen, Steve Zaffron and Jeri Echeverria

Independent, SSRN, Landmark Worldwide LLC and California State University Office of the Chancellor

Downloads 25,148

8.

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 23,646

9.

Course Materials for: ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’

Harvard Business School NOM Working Paper No. 09-038, Simon School Working Paper No. 08-03, Barbados Group Working Paper No. 08-02

Number of pages: 1054 Posted: 04 Sep 2008 Last Revised: 07 Feb 2017

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

Downloads 23,481

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 23,300

11.

A Review of the Earnings Management Literature and its Implications for Standard Setting

Number of pages: 36 Posted: 15 Mar 1999

Working Paper Series

Paul M. Healy and James Michael Wahlen

Harvard Business School and Indiana University - Kelley School of Business - Department of Accounting

Downloads 21,363

12.

Time-Driven Activity-Based Costing

Number of pages: 18 Posted: 14 Jan 2004

Working Paper Series

Robert S. Kaplan and Steven R. Anderson

Harvard Business School and Acorn Systems, Inc.

Downloads 20,118

13.

Self Interest, Altruism, Incentives, and Agency Theory

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Journal Of Applied Corporate Finance, Summer 1994

Number of pages: 17 Posted: 05 Oct 1994

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 18,564

14.

Making Experience Count: The Role of Reflection in Individual Learning

Harvard Business School NOM Unit Working Paper No. 14-093, Harvard Business School Technology & Operations Mgt. Unit Working Paper No. 14-093, HEC Paris Research Paper No. SPE-2016-1181

Number of pages: 37 Posted: 26 Mar 2014 Last Revised: 05 Dec 2016

Working Paper Series

Giada Di Stefano, Francesca Gino, Gary P. Pisano and Bradley R. Staats

HEC Paris, Harvard Business School, Harvard Business School and University of North Carolina Kenan-Flagler Business School

Downloads 17,049

15.

The 'IKEA Effect': When Labor Leads to Love

Harvard Business School Marketing Unit Working Paper No. 11-091

Number of pages: 34 Posted: 04 Mar 2011

Working Paper Series

Michael I. Norton, Daniel Mochon and Dan Ariely

Harvard Business School - Marketing Unit, Tulane University - A.B. Freeman School of Business and Duke University - Fuqua School of Business

Downloads 16,474

16.

Feeling Good About Giving: The Benefits (and Costs) of Self-Interested Charitable Behavior

Harvard Business School Marketing Unit Working Paper No. 10-012

Number of pages: 23 Posted: 10 Aug 2009

Working Paper Series

Lalin Anik, Lara B. Aknin, Michael I. Norton and Elizabeth W. Dunn

University of Virginia - Darden School of Business, University of British Columbia, Harvard Business School - Marketing Unit and University of British Columbia - Department of Psychology

Downloads 15,280

17.

Creating Leaders: An Ontological/Phenomenological Model

THE HANDBOOK FOR TEACHING LEADERSHIP, Chapter 16, Scott Snook, Nitin Nohria, Rakesh Khurana, Dean of Harvard College, eds., Sage Publications, 2011, Harvard Business School NOM Unit Working Paper 11-037, Barbados Group Working Paper No. 10-10, Simon School Working Paper Series No. FR 10-30

Number of pages: 72 Posted: 27 Oct 2010 Last Revised: 18 Apr 2017

Accepted Paper Series

Werner Erhard, Michael C. Jensen and Kari L. Granger

Independent, SSRN and Center For Character and Leadership Development

Downloads 15,128

18.

Venture Capital and Private Equity: A Course Overview

Number of pages: 48 Posted: 23 Apr 1998

Working Paper Series

Josh Lerner

Harvard Business School - Finance Unit

Downloads 14,960

19.

Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality -- Abridged (English Language Version)

Harvard Business School NOM Unit Working Paper No. 10-061, Barbados Group Working Paper No. 10-01, Simon School Working Paper No. 10-07

Number of pages: 41 Posted: 18 Feb 2010 Last Revised: 11 Feb 2016

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

There are 4 versions of this paper

Downloads 14,876

20.

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 14,762

21.

Specific and General Knowledge and Organizational Structure

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998, CONTRACT ECONOMICS, pp. 251-274, Lars Werin and Hans Wijkander, eds., Blackwell, Oxford, 1992, Journal Of Applied Corporate Finance, Vol. 8, No. 2, Summer 1995

Number of pages: 33 Posted: 01 Sep 1995 Last Revised: 17 Jan 2011

Accepted Paper Series

Michael C. Jensen and William H. Meckling

SSRN and Simon School, University of Rochester (Deceased)

Downloads 14,705

22.

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 14,349

23.

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 13,749

24.

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 13,426

25.

Paying People to Lie: The Truth About the Budgeting Process

Harvard NOM Research Paper No. 01-03, and HBS Working Paper No. 01-072

Number of pages: 28 Posted: 30 Apr 2001

Working Paper Series

Michael C. Jensen

SSRN

There are 3 versions of this paper

Downloads 13,253

26.

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 12,492

27.

Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality

Harvard Business School NOM Working Paper No. 06-11, Barbados Group Working Paper No. 06-03, Simon School Working Paper No. FR 08-05

Number of pages: 124 Posted: 08 Sep 2006 Last Revised: 14 Apr 2016

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

There are 4 versions of this paper

Downloads 12,421

28.

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 12,237

29.

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 12,023

30.

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 11,907

31.

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 10,499

32.

The Theory of Corporate Finance: A Historical Overview

Michael C. Jensen, Clifford W. Smith, Jr., THE MODERN THEORY OF CORPORATE FINANCE, New York: McGraw-Hill Inc., pp. 2-20, 1984

Number of pages: 30 Posted: 29 Sep 2000

Accepted Paper Series

Michael C. Jensen and Clifford W. Smith Jr.

SSRN and Simon Graduate School of Business, University of Rochester

Downloads 10,367

33.

Performance Pay and Top Management Incentives

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

Number of pages: 50 Posted: 08 Mar 2001

Accepted Paper Series

Kevin J. Murphy and Michael C. Jensen

University of Southern California - Marshall School of Business and SSRN

Downloads 10,294

34.

The Performance of Mutual Funds in the Period 1945-1964

Journal of Finance, Vol. 23, No. 2, pp. 389-416, 1967

Number of pages: 37 Posted: 31 Aug 2002

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 10,279

35.

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 10,267

36.

Corporate Budgeting Is Broken, Let's Fix It

Harvard NOM Working Paper No. 02-26

Number of pages: 12 Posted: 14 Aug 2002

Accepted Paper Series

Michael C. Jensen

SSRN

There are 3 versions of this paper

Downloads 10,150

37.

Integrity: Where Leadership Begins - A New Model of Integrity (PDF File of PowerPoint Slides)

Barbados Group Working Paper No. 07-03, Harvard NOM Working Paper No. 07-03

Number of pages: 43 Posted: 11 May 2007 Last Revised: 18 May 2013

Working Paper Series

Werner Erhard, Michael C. Jensen and Steve Zaffron

Independent, SSRN and Landmark Worldwide LLC

Downloads 9,990

38.

Bank Lending During the Financial Crisis of 2008

EFA 2009 Bergen Meetings Paper

Number of pages: 45 Posted: 10 Nov 2008 Last Revised: 31 Jul 2009

Working Paper Series

Victoria Ivashina and David S. Scharfstein

Harvard University and Harvard Business School - Finance Unit

Downloads 9,849

39.

A New Model of Leadership

Harvard NOM Working Paper No. 920623, Barbados Group Working Paper No. 06-02

Number of pages: 40 Posted: 10 Sep 2006

Working Paper Series

Allan L. Scherr and Michael C. Jensen

ALS Consulting and SSRN

Downloads 9,767

40.

Can Individual Investors Beat the Market?

HBS Finance Working Paper No. 04-025, Harvard NOM Working Paper No. 02-45

Number of pages: 39 Posted: 06 Jan 2003

Working Paper Series

Joshua D. Coval, David A. Hirshleifer and Tyler Shumway

Harvard Business School - Finance Unit, University of California, Irvine - Paul Merage School of Business and University of Michigan at Ann Arbor, The Stephen M. Ross School of Business

Downloads 9,182

41.

The Economics of Structured Finance

Harvard Business School Finance Working Paper No. 09-060

Number of pages: 37 Posted: 22 Oct 2008

Working Paper Series

Joshua D. Coval, Jakub W. Jurek and Erik Stafford

Harvard Business School - Finance Unit, University of Pennsylvania - Finance Department and Harvard Business School - Finance Unit

Downloads 9,124

42.

Information Asymmetry, Corporate Disclosure and the Capital Markets: A Review of the Empirical Disclosure Literature

JAE Rochester Conference April 2000

Number of pages: 60 Posted: 01 Feb 2001

Working Paper Series

Paul M. Healy and Krishna Palepu

Harvard Business School and Harvard University - Harvard Business School

There are 2 versions of this paper

Downloads 9,092

43.

The Free Cash Flow Theory of Takeovers: A Financial Perspective on Mergers and Acquisitions and the Economy

"The Merger Boom", Proceedings of a Conference sponsored by Federal Reserve Bank of Boston, pp. 102-143, October 1987

Number of pages: 57 Posted: 08 Feb 2003

Accepted Paper Series

Michael C. Jensen

SSRN

Downloads 8,784

44.

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 8,771

45.

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 8,721

46.

The Consequences of Mandatory Corporate Sustainability Reporting

Harvard Business School Research Working Paper No. 11-100

Number of pages: 49 Posted: 03 Apr 2011 Last Revised: 01 May 2017

Working Paper Series

Ioannis Ioannou and George Serafeim

London Business School and Harvard University - Harvard Business School

Downloads 8,248

47.

Using the Balanced Scorecard as a Control System for Monitoring and Revising Corporate Strategy

Harvard NOM Working Paper No. 02-35

Number of pages: 45 Posted: 01 Oct 2002

Working Paper Series

Dennis Campbell, Srikant Datar, Susan Cohen Kulp and V. G. Narayanan

Harvard University - Accounting & Control Unit, Harvard University - Accounting & Control Unit, George Washington University - Department of Accountancy and Harvard University - Accounting & Control Unit

Downloads 8,219

48.

Introduction to Being a Leader and the Effective Exercise of Leadership: An Ontological Model (PDF File of PowerPoint Slides)

Harvard Business School NOM Unit Working Paper No. 09-124, Barbados Group Working Paper No. 09-01, Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain, Simon School Working Paper No. FR 09-27

Number of pages: 211 Posted: 22 Apr 2009 Last Revised: 27 Oct 2015

Working Paper Series

Werner Erhard, Michael C. Jensen and Kari L. Granger

Independent, SSRN and Center For Character and Leadership Development

Downloads 8,044

49.

Theodore Levitt's 'The Globalization of Markets': An Evaluation after Two Decades

Harvard NOM Working Paper No. 03-20; Harvard Business School Working Paper No. 03-082

Number of pages: 30 Posted: 26 Feb 2003

Working Paper Series

Rawi Abdelal and Richard S. Tedlow

Harvard University - Business, Government and the International Economy Unit and Harvard University - Entrepreneurial Management Unit

Downloads 7,812

50.

Market Reaction to the Adoption of IFRS in Europe

Accounting Review, Forthcoming

Number of pages: 52 Posted: 19 May 2006 Last Revised: 04 Apr 2012

Accepted Paper Series

Chris Armstrong, Mary E. Barth, Alan D. Jagolinzer and Edward J. Riedl

University of Pennsylvania - Accounting Department, Stanford University - Graduate School of Business, University of Cambridge Judge Business School and Boston University - Questrom School of Business

There are 2 versions of this paper

Downloads 7,611

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