Michael C. Jensen

Harvard Business School

Jesse Isidor Straus Professor of Business Administration, Emeritus

Soldiers Field

Negotiations, Organizations & Markets

Boston, MA 02163

United States

http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=6484

SSRN

Co-Founder

United States

http://ssrn.com/author=9

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

Fellow

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

Harvard University - Accounting & Control Unit

Soldiers Field

Boston, MA 02163

United States

SCHOLARLY PAPERS

128

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20,670

CROSSREF CITATIONS

642

Scholarly Papers (128)

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: 11 Apr 2022
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 154,987 (5)
Citation 7,981

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Agency costs and theory, internal control systems, conflicts of interest, capital structure, internal equity, outside equity, demand for security analysis, completeness of markets, supply of claims, limited liability

2.

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
Michael C. Jensen
Harvard Business School
Downloads 71,455

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Values, Integrity, Morality, Ethics

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
Michael C. Jensen
Harvard Business School
Downloads 53,881 (47)
Citation 533

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Dividend policy, Corporate Payout Policy, Optimal Capital Structure, Optimal Debt, Reivestment Policy, Overinvestment

4.

The Capital Asset Pricing Model: Some Empirical Tests

Michael C. Jensen, STUDIES IN THE THEORY OF CAPITAL MARKETS, Praeger Publishers Inc., 1972
Number of pages: 54 Posted: 13 Jun 2006
Harvard Business School, Sloan School of Management, MIT (Deceased) and Stanford Graduate School of BusinessPlatinum Grove Asset Management L.P.
Downloads 51,166 (52)
Citation 454

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capital asset pricing, measurements, Cross-sectional Tests, Two-Factor Model, aggregation problem

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
Werner Erhard, Michael C. Jensen, Steve Zaffron and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLCVanto Group
Downloads 19,106 (310)
Citation 24

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integrity, trust, values, ethics, morality, legality, positive theory, corporate fraud, trustworthy, economic cost benefit analysis

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: 22 Apr 2022
Werner Erhard, Michael C. Jensen, Steve Zaffron and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLCVanto Group
Downloads 22,983 (226)
Citation 20

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Integridad: Un Modelo Positivo Que Incorpora Fenomenos Normativos de Moral, Etica y Legalidad - Abreviado (Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality - Abridged)

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: 38 Posted: 07 Feb 2011 Last Revised: 13 Jun 2022
Werner Erhard, Michael C. Jensen, Steve Zaffron and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLCVanto Group
Downloads 1,202 (32,212)
Citation 3

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6.

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
Eugene F. Fama and Michael C. Jensen
University of Chicago - Finance and Harvard Business School
Downloads 42,568 (77)
Citation 2,631

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7.

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: 1126 Posted: 04 Sep 2008 Last Revised: 13 Mar 2023
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and California State University System
Downloads 39,323 (86)
Citation 4

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Leadership, Ontology, Ontological Model of Human Nature, Ontological Constraints, Perceptual Constraints, Functional Constraints

8.

Introductory Reading And 'Course Leadership Project' Part II For Being a Leader and The Effective Exercise of Leadership: An Ontological / Phenomenological Model

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: 90 Posted: 30 Mar 2009 Last Revised: 22 Apr 2022
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and California State University System
Downloads 31,736 (125)
Citation 4

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Leadership, Ontology, worldview, frames of reference, ontological constraints, functional constraints, perceptual constraints

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
Michael C. Jensen, Kevin J. Murphy and Eric G. Wruck
Harvard Business School, University of Southern California - Marshall School of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 29,798 (147)
Citation 61

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Executive Remuneration, Remuneration Policies, Audit Committee, Incentives, Compensation, Incentives, Strategic Value Accountability, Share options, Overvalued Equity, Earnings Game, Corporate Fraud, Corporate Scandals, Overpayment, Agency Costs, Agency problems, Corporate Governance

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
Michael C. Jensen
Harvard Business School
Downloads 16,130 (445)
Citation 41

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Budgeting, Budgets, Compensation, Performance Measurement, Gaming, Lying, Loss of Integrity, Truthfulness, Sandbagging, Motivation, Productivity, Incentives, Control Systems, Accounting Irregularities, Fraud, Goldbricking, Channel Stuffing, Cooking the Books, Managing Earnings, Managing the Numbers

Corporate Budgeting is Broken, Let's Fix it

Harvard NOM Working Paper No. 02-26
Number of pages: 12 Posted: 14 Aug 2002
Michael C. Jensen
Harvard Business School
Downloads 12,424 (695)
Citation 62

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Budgeting, Budgets, Compensation, Performance Measurement, Gaming, Lying, Loss of Integrity, Truthfulness, Sandbagging, Motivation, Productivity, Incentives, Control Systems, Accounting Irregularities, Fraud, Goldbricking, Channel Stuffing, Cooking the Books, Managing Earnings, Managing the Numbers

11.

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: 11 Nov 2020
Werner Erhard, Michael C. Jensen and Kari L. Granger
Independent, Harvard Business School and Kari Granger, LLC
Downloads 21,750 (253)

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Leader, Leadership, Ontology, Phenomenology, Context, Occur, Correlate, Natural Self Expression

12.

Eclipse of the Public Corporation

HARVARD BUSINESS REVIEW (Sept.-Oct. 1989), revised 1997.
Number of pages: 31 Posted: 03 May 1999
Michael C. Jensen
Harvard Business School
Downloads 19,972 (297)
Citation 89

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Governance, Agency, Control, Organizational Innovation, Going Private, Control Function of Debt, LBO Associations

13.

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
Michael C. Jensen and Kevin J. Murphy
Harvard Business School and University of Southern California - Marshall School of Business
Downloads 18,434 (346)
Citation 2,316

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14.

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
Michael C. Jensen
Harvard Business School
Downloads 16,703 (427)
Citation 1,071

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Jensen's Alpha, mutual fund performance, risk-adjusted returns, forecasting ability, predictive ability

15.

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
Eugene F. Fama and Michael C. Jensen
University of Chicago - Finance and Harvard Business School
Downloads 16,496 (434)
Citation 638

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16.

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
Michael C. Jensen and Clifford W. Smith
Harvard Business School and Simon Graduate School of Business, University of Rochester
Downloads 15,572 (482)
Citation 58

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agency theory, conflicts of interest, residual claims, bond contracts, lease contracts, insurance contracts, claimholders, stockholders

17.

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
Richard S. Ruback and Michael C. Jensen
Harvard Business School and Harvard Business School
Downloads 15,520 (485)
Citation 785

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Corporate control, managing corporate resources, control rights, target firms, takeover market, wealth effects of takeovers, stockholder returns, returns to targets, returns to bidders, antitrust, takeover regulation, manager-stockholder conflict(s), antitakeover amendments.

Putting Integrity into Finance: A Purely Positive Approach

Harvard Business School NOM Unit Working Paper No. 12-074, Barbados Group Working Paper No. 12-01, European Corporate Governance Institute (ECGI) – Finance Working Paper No. 417/2014
Number of pages: 84 Posted: 05 Apr 2012 Last Revised: 29 Nov 2015
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 8,028 (1,521)
Citation 5

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Integrity, Fraud, Scandals, Morality, Ethics, Legality, Ontology, Efficiency

Putting Integrity Into Finance: A Purely Positive Approach

Capitalism and Society, Vol. 12 [2017], Iss. 1, Art. 1
Number of pages: 91 Posted: 04 May 2017
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 7,129 (1,836)
Citation 1

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Putting Integrity into Finance: A Purely Positive Approach

NBER Working Paper No. w19986
Number of pages: 65 Posted: 24 Mar 2014 Last Revised: 10 Feb 2023
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 291 (192,043)

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19.

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
Werner Erhard, Michael C. Jensen, Steve Zaffron and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLCVanto Group
Downloads 15,193 (508)
Citation 2

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Integrity, Morality, Ethics, Legality, Sincerity, Productivity, Performance, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion, Development, Disclosure Strategy, Fiduciary Responsibility, Financial Reporting, Accounting Errors, Fraud, Corporate Governance

20.

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
Michael C. Jensen
Harvard Business School
Downloads 14,865 (521)
Citation 1,615

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Productivity, technological change, excess capacity, exit, internal control systems, corporate control, R&D, research and development, industrial revolution, boards of directors, governance.

21.

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
Michael C. Jensen and Clifford W. Smith
Harvard Business School and Simon Graduate School of Business, University of Rochester
Downloads 14,650 (536)
Citation 7

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22.

Some Anomalous Evidence Regarding Market Efficiency

Journal of Financial Economics, Vol. 6, Nos. 2/3, pp. 95-101, 1978
Number of pages: 10 Posted: 12 Aug 2002 Last Revised: 23 Apr 2011
Michael C. Jensen
Harvard Business School
Downloads 13,878 (588)
Citation 209

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market efficiency, Efficient Market Theory, theory of 'random walks', rational expectations theory, abnormal returns, asset pricing model

23.

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
Werner Erhard, Michael C. Jensen, Steve Zaffron and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLCVanto Group
Downloads 12,811 (670)
Citation 2

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Moral, Ethical, Legal, Performance, Quality of Life, Sincerity

24.
Downloads 12,487 ( 700)
Citation 216

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
Michael C. Jensen
Harvard Business School
Downloads 10,140 (1,012)
Citation 219

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Overpriced Equity, Market Mistakes, Misvaluation, Faillure of Corporate Governance, Control, Incentives, optimism

The Agency Cost of Overvalued Equity and the Current State of Corporate Finance

Harvard NOM Working Paper No. 04-29
Number of pages: 19 Posted: 28 Oct 2004
Michael C. Jensen
Harvard Business School
Downloads 2,284 (12,016)
Citation 15

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Overvalued equity, Agency costs, budgeting, managing earnings, integrity, lying, scandals

Agency Costs of Overvalued Equity

Financial Management, Vol. 34, No. 1, Spring 2005
Number of pages: 16 Posted: 24 Apr 2005
Michael C. Jensen
Harvard Business School
Downloads 63 (645,864)

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25.

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
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and Harvard Business School
Downloads 11,682 (793)
Citation 2,853

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26.

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
Michael C. Jensen
Harvard Business School
Downloads 11,545 (810)
Citation 7

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Dividend policy, Corporate Payout Policy, Optimal Capital Structure, Optimal Debt, Reivestment Policy, Overinvestmen

27.

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
Allan L. Scherr and Michael C. Jensen
ALS Consulting and Harvard Business School
Downloads 11,342 (837)
Citation 8

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leadership, management, breakthrough, breakdown, innovation, commitment

28.

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
George P. Baker, Michael C. Jensen and Kevin J. Murphy
HBS Negotiations, Organizations and Markets Unit, Harvard Business School and University of Southern California - Marshall School of Business
Downloads 11,315 (842)
Citation 388

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29.

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
Werner Erhard, Michael C. Jensen and Kari L. Granger
Independent, Harvard Business School and Kari Granger, LLC
Downloads 10,865 (916)
Citation 2

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Leadership, Ontology, Ontological Model of Human Nature, Ontological Constraints, Perceptual Constraints, Functional Constraints

30.

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
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 9,961 (1,046)
Citation 10

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31.

The First and Second and Third of Eight Course Readings, 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model'

Harvard Business School NOM Unit Working Paper , Barbados Group Working Paper 17-2, EFA 2000 London & Simon School of Business, Univ. of Rochester
Number of pages: 11 Posted: 27 Mar 2014 Last Revised: 22 Apr 2022
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, Harvard Business School and California State University System
Downloads 9,190 (1,198)

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Leadership

32.

The Economic Case for Private Equity (and Some Concerns) -- pdf of Keynote Slides

Harvard NOM Working Paper No. 07-02, Swedish Institute for Financial Research Conference on The Economics of the Private Equity Market
Number of pages: 34 Posted: 15 Feb 2007 Last Revised: 08 Apr 2008
Michael C. Jensen
Harvard Business School
Downloads 8,761 (1,302)
Citation 17

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Private Equity, LBOs, MBOs, Buyouts, Strategic Value Accountability

33.

Organization Theory and Methodology

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998, Accounting Review, Vol. LVIII, No. 2, pp. 319-339, April 1983
Number of pages: 37 Posted: 13 Aug 1998
Michael C. Jensen
Harvard Business School
Downloads 8,681 (1,331)
Citation 68

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34.

A New Model of Integrity: The Missing Factor of Production (PDF file of Keynote and PowerPoint Slides)

Harvard Business School NOM Unit Working Paper 10-087, Barbados Group Working Paper No. 10-03
Number of pages: 152 Posted: 18 Apr 2010 Last Revised: 10 Sep 2013
Michael C. Jensen, Kari L. Granger and Werner Erhard
Harvard Business School, Kari Granger, LLC and Independent
Downloads 8,559
Citation 2

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Integrity, Honoring One's Word, Authenticity, Bigger than Oneself, Morality, Ethics, Sincerity

Beyond Agency Theory: The Hidden and Heretofore Inaccessible Power of Integrity (PDF of Keynote Slides)

Harvard Business School NOM Unit Working Paper No. 10-068, Barbados Group Working Paper No. 10-02
Number of pages: 70 Posted: 16 Feb 2010 Last Revised: 23 Jul 2022
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 4,366 (4,206)
Citation 1

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Integrity, Morality, Ethics, Legality, Sincerity, Productivity, Performance, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion, Development, Disclosure Strategy, Fiduciary Responsibility, Financial Reporting, Accounting Errors, Fraud, Corporate Governance

The Hidden Power of Integrity and Access to Vast Increases in Performance (Video and PDF file of Keynote Slides)

Harvard Business School NOM Unit Working Paper No. 10-068, Barbados Group Working Paper No. 10-02
Number of pages: 62 Posted: 04 Jan 2013 Last Revised: 02 Feb 2023
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,679 (19,540)

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Integrity, Ethics, Morality, Workability, Whole and Complete, Productivity, Perfomance




Beyond Agency Theory: The Power of Integrity (PDF of PowerPoint Slides)

Harvard Business School NOM Unit Working Paper No. 10-068, Barbados Group Working Paper No. 10-02
Number of pages: 58 Posted: 05 May 2014
Michael C. Jensen and Werner Erhard
Harvard Business School and Independent
Downloads 1,316 (28,165)

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Integrity, Morality, Ethics, Legality, Sincerity, Productivity, Performance, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion, Development, Disclosure Strategy, Fiduciary Responsibility, Financial Reporting, Accounting Errors, Fraud, Corporate Governance

36.

Leadership

Harvard NOM Working Paper No. 06-05, Barbados Working Paper No. 05-04
Number of pages: 9 Posted: 19 Jun 2005
Michael C. Jensen
Harvard Business School
Downloads 6,724 (2,045)
Citation 1

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Leadership, Extraordinary Life, Principles for Living, Success,

37.

Foundations of Organizational Strategy: Preface and Introduction

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998, Harvard Business School NOM Unit Working Paper No. 1998
Number of pages: 10 Posted: 17 Oct 2000 Last Revised: 17 Jan 2011
Michael C. Jensen
Harvard Business School
Downloads 6,693 (2,063)
Citation 2

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organizations, REMM, PAM, nature of man, specific knowledge, general knowledge, transfer of knowledge, control systems

38.

The Takeover Controversy: Analysis and Evidence

Midland Corporate Finance Journal, Vol. 4, No. 2, Summer 1986
Number of pages: 59 Posted: 12 Jun 2003
Michael C. Jensen
Harvard Business School
Downloads 6,672 (2,079)
Citation 30

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39.

The Distribution of Power Among Corporate Managers, Shareholders, and Directors

Journal of Financial Economics (JFE), Vol. 20, pp. 3-24, 1988, Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMES AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, Harvard NOM Working Paper No. 00-09
Number of pages: 27 Posted: 11 Oct 2000 Last Revised: 24 Feb 2012
Michael C. Jensen and Jerold B. Warner
Harvard Business School and University of Rochester – Simon Business School
Downloads 6,272 (2,299)
Citation 14

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Agency Costs, Managerial Stock Ownership, Insiders, Outsiders, Control Market, Corporate Performance, One Share/One Vote, Restructuring, Poison Pill Provisions, Performance

40.

Coordination, Control, and the Management of Organizations: Course Notes (2nd of 4 Ccmo Documents)

Harvard Business School NOM Unit Working Paper No. 98-098
Number of pages: 110 Posted: 21 Apr 1998 Last Revised: 17 Jan 2011
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 6,172 (2,366)
Citation 8

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41.

Video: The Three Foundations of A Great Life, Great Leadership, and A Great Organization

Barbados Group Working Paper No. 11-04, Harvard Business School NOM Unit Research Paper No. 11-122
Number of pages: 9 Posted: 10 Jun 2011 Last Revised: 18 May 2013
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 5,798 (2,625)

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Values, Integrity, Authenticity, Bigger Than Oneself, Virtue, Normative, Positive




42.

Organizational Forms and Investment Decisions

A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, (Book)
Number of pages: 30 Posted: 24 Oct 2000
Eugene F. Fama and Michael C. Jensen
University of Chicago - Finance and Harvard Business School
Downloads 5,605 (2,780)
Citation 11

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organizational forms, investment, proprietorships, partnerships, closed corporations, market value rule, residual claims, open corporations

43.

Takeovers: Their Causes and Consequences

Journal of Economic Perspectives, Winter 1988, Vol. 2, No. 1, pp. 21-48
Number of pages: 45 Posted: 10 Mar 2003
Michael C. Jensen
Harvard Business School
Downloads 5,580 (2,805)
Citation 202

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takeovers, corporate control, corporate restructuring, congress, Business Roundtable, tender offers, capital market

44.

Organizations and Markets: History and Development of the Ccmo Course and the Field (1st of 4 Ccmo Documents)

Number of pages: 29 Posted: 21 Apr 1998
Harvard Business School, HBS Negotiations, Organizations and Markets Unit, Harvard Business School and Ohio State University - Fisher College of Business, Department of Finance
Downloads 5,304 (3,081)
Citation 1

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45.

Us Corporate Governance: Lessons from the 1980's

Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, THE PORTABLE MBA IN FINANCE AND ACCOUNTING, John Leslie Livingstone, ed., Wiley, 1995
Number of pages: 47 Posted: 09 Oct 2000 Last Revised: 24 Apr 2011
Michael C. Jensen and Don Chew
Harvard Business School and Journal of Applied Corporate Finance
Downloads 5,226 (3,153)
Citation 2

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Takeovers, LBOs, leveraged buyouts, politics of finance, corporate restructuring, entrenched management, excess capacity, internal control systems, exit

46.

CEO Bonus Plans: And How to Fix Them

Harvard Business School NOM Unit Working Paper 12-022, Marshall School of Business Working Paper No. FBE 02-11
Number of pages: 66 Posted: 30 Sep 2011 Last Revised: 20 Nov 2011
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and Harvard Business School
Downloads 5,185 (3,201)
Citation 41

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Executive Compensation, CEO Pay, Incentives, Governance, non-Equity Pay, Banking Bonus Plans

47.

Four Ways of Being that Create the Foundations of A Great Personal Life, Great Leadership and A Great Organization -- PDF File of Powerpoint Slides

Harvard Business School NOM Unit Working Paper No. 13-078, Barbados Group Working Paper No. 13-01
Number of pages: 69 Posted: 29 Jan 2013 Last Revised: 28 May 2014
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 5,143 (3,247)
Citation 1

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Ontology, Authenticity, Committed to Something Bigger than Oneself, Integrity, Being Cause In the Matter

48.

Putting Integrity into Finance: A Positive Approach (PDF of Keynote Slides)

Harvard NOM Working Paper No. 06-06, Barbados Group Working Paper No. 06-01
Number of pages: 60 Posted: 18 Jan 2006 Last Revised: 11 Dec 2012
Michael C. Jensen
Harvard Business School
Downloads 5,097 (3,311)
Citation 5

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Integrity, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion, Development, Disclosure Strategy, Fiduciary Responsibility, Financial Reporting, Accounting Errors, Fraud

49.

Coordination, Control, and the Management of Organizations: Course Content and Materials (3rd of 4 Ccmo Documents)

Number of pages: 71 Posted: 21 Apr 1998
Karen H. Wruck and Michael C. Jensen
Ohio State University - Fisher College of Business, Department of Finance and Harvard Business School
Downloads 4,952 (3,461)

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50.

What's a Director to Do?

Harvard NOM Working Paper No. 02-38
Number of pages: 18 Posted: 17 Feb 2004
Joseph Fuller and Michael C. Jensen
The Monitor Company and Harvard Business School
Downloads 4,878 (3,557)

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51.

Coordination, Control, and the Management of Organizations: Practice Questions (4th of 4 Ccmo Documents)

Number of pages: 85 Posted: 20 Apr 1998
Harvard Business School, Simon School, University of Rochester (Deceased), HBS Negotiations, Organizations and Markets Unit and Ohio State University - Fisher College of Business, Department of Finance
Downloads 4,753 (3,716)

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52.

A 'Value-Free' Approach to Values (PDF File of Powerpoint Slides)

Harvard Business School NOM Unit Working Paper No. 11-010, Barbados Group Working Paper No. 10-06, Simon School Working Paper No. FR10-26
Number of pages: 43 Posted: 03 Aug 2010 Last Revised: 25 Jul 2022
Michael C. Jensen and Werner Erhard
Harvard Business School and Independent
Downloads 4,256 (4,479)
Citation 2

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Values, Commitment, Integrity, Authenticity, Leadership, Well Being, Efficiency, Workability, Ethics, Morality

53.

Capital Markets: Theory and Evidence

Bell Journal of Economics and Management Science, Vol. 3, No. 2, pp. 357-398, Autumn 1972
Number of pages: 72 Posted: 24 Mar 2003
Michael C. Jensen
Harvard Business School
Downloads 4,163 (4,644)
Citation 25

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mean-variance capital asset pricing model, capital market theory, equilibrium, systematic risk, riskless borrowing, riskless lending, market efficiency

54.

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

Journal of Applied Corporate Finance, Vol. 22, No. 1, Winter 2010, Harvard Business School NOM Unit Working Paper No. 10-090
Number of pages: 9 Posted: 05 Apr 2010 Last Revised: 18 May 2013
Joseph Fuller and Michael C. Jensen
The Monitor Company and Harvard Business School
Downloads 3,325 (6,766)
Citation 16

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Value Maximization, Overvaluation, Incentives, Managing Earnings, Analyst Expectations, Managing Wall Street, Earnings Guidance, Financial Reporting, Budgeting Process

55.

Workshop Materials for: CREATING COURSE LEADERS WORKSHOP 2: Mastering the Effective Delivery Of The Slide-Deck Textbook for: 'Being A Leader And The Effective Exercise of Leadership': An Ontological / Phenomenological Model

Harvard Business School NOM Unit Working Paper No. 11-002, Barbados Group Working Paper No. 10-11, Simon School Working Paper No. FR-10-31
Number of pages: 255 Posted: 14 Jul 2010 Last Revised: 22 Apr 2022
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, Harvard Business School and California State University System
Downloads 3,262 (6,976)
Citation 1

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Leadership, Ontology, Phenomenology, Training, Leader, Air Force Academy, Being, Way of Being, Train the Trainers, Occurring, Correlate

56.

The Four Ways of Being that Create the Foundation for Great Leadership, a Great Organization, and a Great Personal Life

Harvard Business School NOM Unit Working Paper No. 14-027, Barbados Group Working Paper No. 13-03
Number of pages: 19 Posted: 12 Oct 2013 Last Revised: 25 Jul 2022
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 3,171 (7,292)
Citation 1

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Leadership

57.

Takeovers: Folklore and Science

Harvard Business Review, November-December, 1984
Number of pages: 32 Posted: 21 Nov 2002
Michael C. Jensen
Harvard Business School
Downloads 3,156 (7,343)
Citation 22

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corporate takeovers-criticism, raiders, effect of takeovers on shareholders, golden parachutes, residual risk, manager-shareholder conflicts, mergers, importance of shareholders

58.

A New Model of Leadership (PDF File of Keynote Slides)

Harvard NOM Working Paper No. 07-107, Barbados Group Working Paper No. 07-02
Number of pages: 35 Posted: 25 Apr 2007 Last Revised: 18 May 2013
Allan L. Scherr and Michael C. Jensen
ALS Consulting and Harvard Business School
Downloads 3,030 (7,798)

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Leadership, Breakthrough, Breakdown, Vision, Committed Speaking, Integrity

59.

Reflections on the Corporation as a Social Invention

Midland Corporate Finance Journal, Vol. 1, No. 3, Autumn 1983, Harvard Business School NOM Unit Working Paper No. 1983
Number of pages: 22 Posted: 16 Dec 2003 Last Revised: 18 May 2013
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 3,014 (7,846)
Citation 4

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Social responsibility, survival, definition of corporation, corporate democracy, federal chartering, Corporate Democracy Act, corporate control, government involvement

60.

The Foundations and Current State of Capital Market Theory

M.C. Jensen, STUDIES IN THE THEORY OF CAPITAL MARKETS, Praeger Publishers, 1972
Number of pages: 53 Posted: 24 Mar 2003
Michael C. Jensen
Harvard Business School
Downloads 2,997 (7,924)
Citation 3

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mean-variance capital asset pricing model, capital market theory, equilibrium, systematic risk, riskless borrowing, riskless lending, market efficiency.

61.

Reflections on the State of Accounting Research and the Regulation of Accounting

Stanford Lectures In Accounting, pp. 11-19, 1976
Number of pages: 27 Posted: 11 Nov 2002
Michael C. Jensen
Harvard Business School
Downloads 2,874 (8,478)

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62.

Toward a Theory of the Press

ECONOMICS AND SOCIAL INSTITUTIONS, Karl Brunner, ed., Martinus Nijhoff Publishing Company, 1979
Number of pages: 24 Posted: 19 Jul 1998
Michael C. Jensen
Harvard Business School
Downloads 2,510 (10,519)
Citation 13

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63.

Issues and Puzzles in Performance Management (Pdf File of Powerpoint Slides)

Barbados Group Working Paper No. 05-02
Number of pages: 22 Posted: 23 Apr 2005
Michael C. Jensen
Harvard Business School
Downloads 2,505 (10,551)
Citation 1

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Productivity, incentives, performance, ontology, Barbados Group,

64.

Creating Leaders, a New Model: An Evening with Werner Erhard and Michael Jensen (PDF File of Powerpoint Slides)

Barbados Group Working Paper No. 1501, Harvard Business School NOM Unit Working Paper No. 15086
Number of pages: 118 Posted: 17 May 2015 Last Revised: 22 Apr 2022
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 2,414 (11,225)

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Leadership, Ontological, Phenomenological, Leader, Ontology, Phenomenology, Context, Occur, Correlate, Natural Self Expression

65.

Risk, the Pricing of Capital Assets, and the Evaluation of Investment Portfolios

Journal of Business, Vol. 42, No. 2, pp. 167-247, April 1969
Number of pages: 83 Posted: 13 Jun 2006
Michael C. Jensen
Harvard Business School
Downloads 2,384 (11,441)
Citation 126

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Weak form of efficient market hypothesis, Strong Form of Efficient Market Hypothesis, portfolio performance measurement

66.

A New View of Integrity: A Life-Changing Model

Barbados Group Working Paper No. 10-02, Harvard Business School NOM Unit Working Paper No. 10-068
Number of pages: 59 Posted: 04 Nov 2015 Last Revised: 22 Feb 2016
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 2,308 (12,058)

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Integrity, Workability, Whole and Complete

67.

Science, Specific Knowledge and Total Quality Management

Harvard Business School Working Paper No 94-003
Number of pages: 38 Posted: 11 Jul 1994
Karen H. Wruck and Michael C. Jensen
Ohio State University - Fisher College of Business, Department of Finance and Harvard Business School
Downloads 2,248 (12,582)
Citation 2

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68.

Rights and Production Functions: An Application to Labor Managed Firms and Codetermination

A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, Harvard Business School NOM Unit Working Paper No. 2000
Number of pages: 55 Posted: 11 Oct 2000 Last Revised: 17 Jan 2011
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 2,099 (14,060)
Citation 47

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Labor Managed Firm, Property Rights, Contract Rights and Production Functions, Rules of the Game, Nexus of Contracts, Codetermination, Industrial Democracy, Cooperatives and Professional Partnerships

69.

Can the Corporation Survive?

Financial Analysts Journal, Vol. 31, No. 1, pp. 31-37, January/February 1978, Harvard Business School NOM Unit Working Paper No. 1978
Number of pages: 19 Posted: 15 May 2001 Last Revised: 18 May 2013
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 2,045 (14,594)
Citation 9

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Rights, regulation, private enterprise, contracts, rights, regulation, private enterprise, contracts

70.

Corporate Governance and 'Economic Democracy': An Attack on Freedom

PROCEEDINGS OF CORPORATE GOVERNANCE: A DEFINITIVE EXPLORATION OF THE ISSUES, C.J. Huizenga, ed., UCLA Extension, 1983, Harvard Business School NOM Unit Working Paper No. 1983
Number of pages: 24 Posted: 11 Nov 2002 Last Revised: 17 Jan 2011
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 2,031 (14,758)
Citation 4

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definition of freedom, economic democracy, corporate democracy, corporategovernance, role of government, contracting, federal chartering, violence, police powers, rights

71.

Editorial: Clinical Papers and Their Role in the Development of Financial Economics

Number of pages: 4 Posted: 28 Nov 2003
University of Chicago - Finance, Harvard Business School, Simon Graduate School of Business, University of Rochester, Harvard Business School, University of Rochester - Simon Business School, Simon Graduate School of Business, University of Rochester and University of Rochester – Simon Business School
Downloads 1,943 (15,784)
Citation 8

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Clinical Papers, case studies, perfect and imperfect markets

72.

The Four Foundations of a Great Personal Life, Great Leadership, and a Great Organization (PDF File of PowerPoint and Keynote Slides)

Harvard Business School NOM Unit Working Paper No. 11-122, Barbados Group Working Paper No. 11-04
Number of pages: 123 Posted: 28 May 2014 Last Revised: 07 Jul 2015
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,930 (15,973)
Citation 1

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Ethics, morality, workability

73.

Optimal Utilization of Market Forecasts and the Evaluation of Investment Performance

MATHEMATICAL METHODS IN FINANCE, G. P. Szego, Karl Shell, eds., North-Holland Publishing Company, 1972
Number of pages: 34 Posted: 24 Mar 2003
Michael C. Jensen
Harvard Business School
Downloads 1,880 (16,625)
Citation 21

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74.

Risk and the Discount Rate for Public Investment

M.C. Jense, STUDIES IN THE THEORY OF CAPITAL MARKETS, Praeger Publishers, 1972
Number of pages: 35 Posted: 08 Dec 2005
Martin J. Bailey and Michael C. Jensen
Martin J. Bailey (Deceased) and Harvard Business School
Downloads 1,788 (18,040)
Citation 9

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risk, risk bearing, mean-variance asset pricing model, public investment, discount rate, riskless investment, diversification, distortion

75.

The Politics of Pay: The Unintended Consequences of Regulating Executive Compensation

USC Law Legal Studies Paper No. 18-8, USC CLASS Research Paper No. CLASS18-8
Number of pages: 62 Posted: 16 Apr 2018 Last Revised: 20 Apr 2018
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and Harvard Business School
Downloads 1,757 (18,520)
Citation 34

Abstract:

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Executive compensation, CEO pay, regulation, compensation committees

76.

Management and the Capital Markets: Issues in Managing the Tensions between Two Cultures (Pdf of Keynote Slides)

Harvard NOM Working Paper No. 05-14, Kalmbach Lecture, Simon School, U. of Rochester; U. of Chicago Booth Finance Seminar; The New Corporate Governance Conf. (in Honor of Joel Seligman), Washington U., St. Louis, Law School; Harvard Bus. School Acctg. and Control Seminar, and Corp. Governance Center, LeBow College of Bus., Drexel U., Barbados Group Working Paper No. 05-03
Number of pages: 30 Posted: 14 May 2005
Michael C. Jensen
Harvard Business School
Downloads 1,670 (20,037)

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Budget Target Based Bonuses, Lying, Integrity, SVA, Strategic Value Accountability

77.

Random Walks and Technical Theories: Some Additional Evidence

Journal of Finance, Vol. 25, No. 2, pp. 469-482, 1970
Number of pages: 20 Posted: 12 Aug 2002
George A. Benington and Michael C. Jensen
affiliation not provided to SSRN and Harvard Business School
Downloads 1,660 (20,215)
Citation 13

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78.

Tests of Capital Market Theory and Implications of the Evidence

Is Financial Analysis Useless? Proceedings of a Seminar on the Efficient Market and Random Walk Hypotheses (The Financial Analysts Research Foundation, 1975).
Number of pages: 19 Posted: 24 Mar 2003
Michael C. Jensen
Harvard Business School
Downloads 1,633 (20,751)
Citation 4

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market model, capital market theory, capital asset pricing model, market returns, two factor model, market returns, diversification, market forecasts, risk

79.

Theory of the Firm: Governance, Residual Claims and Organizational Forms (Preface and Introduction)

A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000
Number of pages: 11 Posted: 25 Mar 2011
Michael C. Jensen
Harvard Business School
Downloads 1,623 (20,940)
Citation 6

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Agency Theory, Conflicts of Interest, Rules of the Game

80.

Characteristics of Targets of Hostile and Friendly Takeover: Comment

PROCEEDINGS OF CONFERENCE ON CORPORATE TAKEOVERS: CAUSES AND CONSEQUENCES, Alan Auerbach, ed., University of Chicago Press, 1988
Number of pages: 5 Posted: 29 Jul 2003
Michael C. Jensen
Harvard Business School
Downloads 1,602 (21,339)

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takeovers, hostile acquisitions, takeover process, hostile vs. friendly targets, value, agency costs

81.

Management Compensation and the Managerial Labor Market

Journal of Accounting and Economics, Vol. 7 , No. 1-3, pp. 3-9, 1985
Number of pages: 11 Posted: 11 Dec 2003
Michael C. Jensen and Jerold L. Zimmerman
Harvard Business School and University of Rochester - Simon Business School
Downloads 1,430 (25,333)
Citation 12

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executive compensation, performance, golden parachutes, share price reaction, manager and shareholder interest

82.

Effects of Lbos on Tax Revenues of the U.S. Treasury

Tax Notes, Vol. 42, No. 6, 1989
Number of pages: 18 Posted: 16 Aug 2000
Michael C. Jensen, Steven N. Kaplan and Laura Stiglin
Harvard Business School, University of Chicago - Booth School of Business and Econalytics
Downloads 1,407 (26,010)
Citation 6

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83.

Takeovers: The Controversy and the Evidence

WILLIAM G. KARNES SYMPOSIUM ON MERGERS, Charles M. Linke, ed., University of Illinois at Urbana-Champaign, Champaign, Illinois, pp. 27-39, 1986
Number of pages: 18 Posted: 11 Nov 2002
Michael C. Jensen
Harvard Business School
Downloads 1,401 (26,164)
Citation 1

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Takeovers, mergers, raiders, corporate control, value creation, restructuring, spinoffs, leveraged buyouts, going private transactions

84.

The Puzzling State of Low-Integrity Relations between Managers and Capital Markets (Pdf File of Slides)

Harvard NOM Working Paper No. 06-04, Barbados Group Working Paper No. 05-05
Number of pages: 21 Posted: 15 Aug 2005
Michael C. Jensen
Harvard Business School
Downloads 1,393 (26,377)
Citation 3

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Integrity, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion

85.

Creating Leaders: A New Model 11 Years On (PDF File of PowerPoint Slides)

Number of pages: 84 Posted: 10 May 2014 Last Revised: 13 Jun 2022
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,388 (26,594)

Abstract:

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86.

Integridad: Sin Ella Nada Funciona (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: 10 Posted: 04 Sep 2012 Last Revised: 07 Apr 2017
Michael C. Jensen
Harvard Business School
Downloads 1,318 (28,595)

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Valores, Values, Integridad, Integrity, Moralidad, Morality, Etica, Ethics

87.

How Stock Options Reward Managers for Destroying Value and What to Do About it

Harvard NOM Working Paper No. 04-27
Number of pages: 11 Posted: 03 Mar 2005
Michael C. Jensen
Harvard Business School
Downloads 1,301 (29,164)
Citation 5

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Performance Measurement, compensation, rewards, value destruction

88.

Creating Leaders: An Ontological/Phenomenological Approach, An Introduction (PDF File of PowerPoint Slides)

Barbados Group Working Paper No. 13-04
Number of pages: 69 Posted: 23 May 2013 Last Revised: 25 Jul 2022
Kari L. Granger, Werner Erhard and Michael C. Jensen
Kari Granger, LLC, Independent and Harvard Business School
Downloads 1,296 (29,338)

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Leader, Leadership, Ontology, Phenomenology




89.

Random Walks: Reality or Myth - Comment

Financial Analysts Journal, November-December 1967
Number of pages: 23 Posted: 17 Dec 2002
Michael C. Jensen
Harvard Business School
Downloads 1,295 (29,361)
Citation 2

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90.

The Logic of the First Amendment

Harvard Business School NOM Unit Working Paper No. 00-01
Number of pages: 40 Posted: 05 Mar 2000 Last Revised: 17 Jan 2011
Boston College - Department of Finance, Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 1,224 (31,915)

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Freedom, First Amendment, property rights, externality, physical incompatibility, scarce rights, non-scarce rights, constitutional law

91.

Creating Course Leaders Workshop 1: Mastering the Effective Delivery of The Slide-Deck Textbook for: 'Being A Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model'

Harvard Business School NOM Unit Working Paper No. 11-002, Barbados Group Working Paper No. 10-11, Simon Business School Working Paper No. FR-10-31
Number of pages: 83 Posted: 15 Nov 2015 Last Revised: 22 Apr 2022
Werner Erhard, Michael C. Jensen, Jeri Echeverria and Sandra Carr
Independent, Harvard Business School, California State University System and Independent
Downloads 1,214 (32,308)

Abstract:

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Leadership

92.

The Hidden and Heretofore Inaccessible Power of Integrity: A New Model (PDF of Keynote Slides)

Harvard Business School NOM Unit Working Paper No. 10-068, Barbados Group Working Paper No. 10-02
Number of pages: 87 Posted: 23 May 2014 Last Revised: 19 Sep 2014
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,188 (33,331)

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Integrity, Morality, Ethics, Legality, Sincerity, Productivity, Performance, Lies, Lying, Managing Earnings, Smoothing Earnings, Collusion, Development, Disclosure Strategy, Fiduciary Responsibility, Financial Reporting, Accounting Errors, Fraud, Corporate Governance

93.

Promises, Conditions and Rules of the Game for ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’

Number of pages: 13 Posted: 27 Mar 2018 Last Revised: 22 Apr 2022
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and California State University System
Downloads 1,171 (34,016)

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Leadership, Ontology, Phenomenology, Training, Leader, Being, Way of Being, Train the Trainers, Occurring, Correlate

94.

Between Freedom and Democracy

The Banker, pp. 39-49, October 1977, Harvard Business School NOM Unit Working Paper No. 1977
Number of pages: 22 Posted: 30 Nov 2003 Last Revised: 17 Jan 2011
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 1,116 (36,360)
Citation 1

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rights, freedom, free market, private enterprise, political democracy, human rights, property rights, co-determination laws

95.

Discussion of Corporate Financial Reporting: A Methodological Review of Empirical Research: Comment

Journal of Accounting Research, Vol. 20, Supplement, 1982
Number of pages: 9 Posted: 30 Sep 2003
Michael C. Jensen
Harvard Business School
Downloads 979 (43,856)

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96.

Analysis of Alternative Standing Doctrines

International Review of Law and Economics, Vol. 6, 1986, Harvard Business School NOM Unit Working Paper No. 1986
Number of pages: 22 Posted: 17 Aug 2000 Last Revised: 17 Jan 2011
Harvard Business School, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 949 (45,782)
Citation 1

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standing, legal doctrine, U.S. Supreme Court, rights, efficiency, transaction costs, alienability

97.

The Takeover Controversy

Executive Speeches, Vol. 2, No. 10, May 1988
Number of pages: 15 Posted: 27 Jul 2004 Last Revised: 25 Nov 2011
Michael C. Jensen
Harvard Business School
Downloads 800 (57,818)

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Corporate restructuring, divestitures, mergers & acquisitions, corporate control, takeovers, restructuring as a defense

98.

When Unocal Won Over Pickens, Shareholders and Society Lost

Financier Vol. 9, No. 11, Pp 50-52, November 1985
Number of pages: 8 Posted: 15 May 2001
Michael C. Jensen
Harvard Business School
Downloads 795 (58,334)
Citation 3

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Unocal, Delaware Supreme Court, greenmail, benefit of takeovers, Mesa Partners, tender offer(s)

99.

Freedom and the Role of the Government

Debate at the University of Texas, Austin, Texas with John Kenneth Galbraith November 28, 1977
Number of pages: 19 Posted: 30 Nov 2003
Michael C. Jensen
Harvard Business School
Downloads 774 (60,526)
Citation 2

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100.

Author-Level Eigenfactor Metrics: Evaluating the Influence of Authors, Institutions and Countries Within the SSRN Community

Harvard Business School NOM Unit Working Paper No. 12-068
Number of pages: 30 Posted: 21 Aug 2010 Last Revised: 29 Aug 2012
University of Washington, Harvard Business School, ITX Corp., SSRN and University of Washington
Downloads 766 (61,350)
Citation 20

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Eigenfactor Metrics, Author-Level Eigenfactor Score, SSRN, Author Rankings, Institutional Rankings, Citation Networks

101.

Course Administrative Matters For 'Being a Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model'

Barbados Group Working Paper, Forthcoming, Harvard Business School NOM Unit Working Paper, Forthcoming
Number of pages: 12 Posted: 28 Oct 2020 Last Revised: 02 Feb 2023
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and California State University System
Downloads 714 (67,362)
Citation 1

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102.

Arbitrage, Information Theft, and the Mistaken Attack on Insider Trading

ARBITRAGE, INFORMATION THEFT, AND THE MISTAKEN ATTACK ON INSIDER TRADING, Chief Financial Officer U.S.A., John Thackray, ed., pp. 114-115, Sterling Publications, London: 1988, Reprinted as ARBITRAGE, INFORMATION THEFT, AND INSIDER TRADING,' in New Palgrave Dictionary of Money and Finance, London, 1992
Number of pages: 7 Posted: 19 Sep 2003
Michael C. Jensen
Harvard Business School
Downloads 679 (71,728)

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Distinguishing between theft and sharing the results of private research

103.

Libro De Texto y materiales del curso 'Ser Un Líder Y El Ejercicio Efectivo Del Liderazgo: Un Modelo Ontológico/Fenomenológico' (Textbook and Course Materials for the Leadership Course 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model')

Barbados Group Working Paper No. 12-2
Number of pages: 777 Posted: 08 Nov 2012 Last Revised: 13 Jun 2022
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and Kari Granger, LLC
Downloads 652 (75,708)

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Liderazgo, Modelo Ontológico, Metodología Fenomenológica, Ser un Líder, Restricciones Ontologicas, Ontological Constraints, Restricciones Perceptuales, Perceptual Constraints, Restricciones Funcionales, Functional Constraints

104.

Freedom, Capitalism and Human Behavior Chapter 4: Capitalism

Harvard Business School NOM Unit Working Paper No. 1999
Number of pages: 30 Posted: 19 Oct 2005 Last Revised: 18 May 2013
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 631 (78,711)

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alienability, freedom, capitalism, decision rights, role of government, transfer costs, agency costs

105.

Lectura Introductoria Para ser un Líder y el Efectivo Ejercicio de Liderazgo: Un Modelo Ontológico/Fenomenológico (Introductory Reading for Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model)

Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain , 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
Number of pages: 74 Posted: 04 Sep 2012 Last Revised: 30 Aug 2022
Independent, Harvard Business School, Landmark Worldwide LLCVanto Group and Kari Granger, LLC
Downloads 620

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Liderazgo, Leadership, Ontologia, Ontology, Cosmovisión, worldview, Marcos de referencia, frames of reference, Restricciones Ontologicas, Ontological Constraints, Restricciones Perceptuales, Perceptual Constraints, Restricciones Funcionales, Functional Constraints

106.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 1 Video 1

Journal of Applied Finance, No. 2, 2010, Barbados Group Working Paper No. 10-12, Harvard Business School NOM Unit Working Paper No. 11-045
Number of pages: 8 Posted: 29 Oct 2020
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business
Downloads 587 (86,210)
Citation 1

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Agency Theory, Market for Corporate Control, Private Equity




107.

Freedom, Capitalism and Human Behavior Chapter 2: Human Rights and the Meaning of Freedom

Harvard Business School NOM Unit Working Paper No. 1999
Number of pages: 30 Posted: 19 Oct 2005 Last Revised: 18 May 2013
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 566 (90,264)

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freedom, capitalism, human rights, definition of rights, nature, constraints, definition of freedom, contracts, power, rights

108.

Freedom, Capitalism and Human Behavior Chapter 3: Applications of the Jensen Meckling Concept of Freedom

Harvard Business School NOM Unit Working Paper No. 1999
Number of pages: 20 Posted: 19 Oct 2005 Last Revised: 18 May 2013
Michael C. Jensen
Harvard Business School
Downloads 559 (91,686)
Citation 5

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freedom, capitalism, concept of freedom, rights, markets, freedom of exchange, freedom of expression, politics and freedom, Constitution

109.

The Takeover Controversy: The Restructuring of Corporate America

THE PODIUM, Beta Gamma Sigma: St. Louis, MO, September 1987
Number of pages: 14 Posted: 26 Jul 2004 Last Revised: 11 Jan 2012
Michael C. Jensen
Harvard Business School
Downloads 540 (95,769)

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Corporate restructuring, divestitures, mergers & acquisitions, corporate control, takeovers, restructuring as a defense

110.

Freedom, Capitalism and Human Behavior Chapter 1. Introduction and Overview

Number of pages: 9 Posted: 19 Oct 2005
Michael C. Jensen
Harvard Business School
Downloads 529 (98,213)

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freedom, capitalism, brain, behavior, special interests

111.

A Theory of the Press: Entertainment, Bad Guys, and a Search for Certainty

Money Manager, pp. 25-28, July 19, 1976
Number of pages: 11 Posted: 09 Nov 2003
Michael C. Jensen
Harvard Business School
Downloads 527 (98,662)

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Political Economy, News, Media, Manipulation, Bias

112.

Response to Deirdre Nansen Mccloskey’s Comment On 'Putting Integrity into Finance: A Purely Positive Approach'

Capitalism & Society, Response, Vol. 12 [2017]
Number of pages: 2 Posted: 04 May 2017
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 514 (101,801)
Citation 1

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113.

The Sorry State of News Reporting and Why it Won't Be Changed

The Bulletin of the American Society of Newspaper Editors, No. 604, April 1977
Number of pages: 6 Posted: 08 Feb 2003
Michael C. Jensen
Harvard Business School
Downloads 433 (124,894)

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114.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 Video 3

Journal of Applied Finance, No. 1, 2011, Harvard Business School NOM Unit Working Paper, Barbados Group Working Paper No. 11-05
Number of pages: 12 Posted: 13 Jun 2011 Last Revised: 06 Dec 2016
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business
Downloads 422 (128,681)
Citation 3

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Epistomology, Ontology, Ontological Constraints, Context, Knowing vs. Being, Leadership, Agency Theory, SSRN, JFE, Integrity, Jensen's Alpha, Passion, Authenticity, Commitment




115.

The Case for Restricting Access to Courts

MERC Working Paper No. 81-06, Harvard Business School NOM Unit Working Paper No. 1981
Number of pages: 40 Posted: 28 Dec 2004 Last Revised: 17 Jan 2011
Harvard Business School, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 411 (132,713)

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standing, stare decisis, res judicata, collateral estoppel, Coase Theorem, courts, legal system, efficiency, adjudication, rights, externalities

116.

Foreword - Moral Markets: the Role of Values in Free Enterprise

Gruter Institute Project on Free Enterprise & Values
Number of pages: 5 Posted: 09 Apr 2007 Last Revised: 04 Apr 2015
Michael C. Jensen
Harvard Business School
Downloads 404 (135,295)
Citation 1

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Positive Analysys of Nomative Values

117.

The Debasement of Contracts and the Decline of Capital Markets

THE WORLD CAPITAL SHORTAGE, Alan Heslop, ed., The Bobbs-Merrill Company Inc., Indianapolis, Indiana, 1977
Number of pages: 20 Posted: 30 Nov 2003
Michael C. Jensen
Harvard Business School
Downloads 370 (149,347)
Citation 2

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Political Economy, politics, markets, free enterprise

118.

Creating Leaders: A Pilot Pre/Post Evaluation of an Ontological/Phenomenological Model

Number of pages: 7 Posted: 03 Apr 2017
School of Medicine, Oregon Health & Science University, Harvard Business School, Universidad Nacional de Rosario, California State University System, Oregon Health and Science University - School of Medicine, Saybrook University and Independent
Downloads 362 (153,027)

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Ontological, Phenomenological

119.

The Nuclear Family and Antagonism Towards Markets

Harvard Business School NOM Unit Working Paper No. 1977
Number of pages: 7 Posted: 24 Nov 2004 Last Revised: 17 Jan 2011
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 351 (158,274)
Citation 1

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Family, values, markets, Golden Rule, press

120.

On the Conceptual Inadequacy of the Original Cost Regulatory System

Harvard NOM Working Paper
Number of pages: 16 Posted: 19 Oct 2005
Michael C. Jensen, Fischer Black and Clifford G. Holderness
Harvard Business School, Sloan School of Management, MIT (Deceased) and Boston College - Department of Finance
Downloads 257 (219,010)

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regulatory systems, inflation, interest rates, price index, market rate

121.

Active Investors, LBOs, and the Privatization of Bankruptcy

Journal of Applied Corporate Finance, Vol. 22, Issue 1, pp. 77-85, Winter 2010
Number of pages: 11 Posted: 01 Mar 2023
Michael C. Jensen
Harvard Business School
Downloads 137 (392,645)
Citation 6

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122.

Baylor University Roundtable on the Corporate Mission, CEO Pay, and Improving the Dialogue with Investors

Journal of Applied Corporate Finance, Vol. 22, Issue 1, pp. 8-31, Winter 2010
Number of pages: 26 Posted: 01 Mar 2023
Harvard Business School, Quaker Chemical Corporation, Columbia University - Columbia Business School, Journal of Applied Corporate Finance and Baylor University
Downloads 62 (639,879)

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123.

Creating Leaders: A New Model, An Evening with Werner Erhard and Professor Michael C. Jensen

Posted: 26 Nov 2013 Last Revised: 22 Apr 2022
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School

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Leadership, Ontological, Phenomenological

124.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 Video 4

Posted: 11 Sep 2012 Last Revised: 12 Oct 2012
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business

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Epistomology, Ontology, Ontological Constraints, Context, Knowing vs. Being, Leadership, Agency Theory, SSRN, JFE, Integrity, Jensen's Alpha, Passion, Authenticity, Commitment




125.

Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 1 Video 2

Posted: 18 Oct 2010 Last Revised: 12 Oct 2012
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business

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Agency Theory, Market for Corporate Control, Private Equity




126.

Wisconsin Central Ltd. Railroad and Berkshire Partners (a): Leveraged Buyouts and Financial Distress, (B): Lbo Associations and Corporate Governance with Associated Videotape and Teaching Note

Case No: 9-190-062, 9-190-070, 9-891-509 (video), and 5-899-050
Posted: 29 Jul 1998
Michael C. Jensen, Willy Burkhardt and Brian K. Barry
Harvard Business School, affiliation not provided to SSRN and Harvard Business School

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127.

Gordon Cain and the Sterling Group (a) and (B), and Associated Videotape and Teaching Note

Case No: 9-492-021, 9-492-022, 9-899-503 (companion video), and 5-899-051
Posted: 29 Jul 1998
Brian K. Barry and Michael C. Jensen
Harvard Business School and Harvard Business School

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128.

Coordination, Control, and the Management of Organizations: Complete Package of Course-Related Materials (in Four Documents)

Posted: 20 Apr 1998
Karen H. Wruck and Michael C. Jensen
Ohio State University - Fisher College of Business, Department of Finance and Harvard Business School

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Other Papers (11)

Total Downloads: 5,399
1.

The Efficiency of Takeovers

The Corporate Board, pp. 16-22, September/October 1985
Number of pages: 14 Posted: 30 Sep 2003
Michael C. Jensen
Harvard Business School
Downloads 1,130

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corporate control market, takeovers, leveraged buyouts, divestiture, tender offers, hostile takeovers, antitrust constraints

2.

Is Leverage an Invitation to Bankruptcy?

Wall Street Journal, February 1, 1989
Number of pages: 5 Posted: 30 Nov 2003
Michael C. Jensen
Harvard Business School
Downloads 903

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Insolvency, bankruptcy, efficiency

3.

The Case Method and Science

Number of pages: 12 Posted: 19 Mar 1999
Michael C. Jensen
Harvard Business School
Downloads 624

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case method teaching, theory of learning, scientific method and case teaching, Harvard Business School curriculum design, judgment

4.

Takeovers and the Business Judgment Rule

PROCEEDINGS OF CORPORATE GOVERNANCE: A DEFINITIVE EXPLORATION OF THE ISSUES, C.J. Huizenga, ed., UCLA Extension, 1983
Number of pages: 13 Posted: 19 Oct 2005
Michael C. Jensen
Harvard Business School
Downloads 478

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corporate takeovers, restructuring, free cash flow, market for corporate control, legal doctrine, Delaware courts, Agency Model, poison pills, tender offers

5.

Lbos and the Reemergence of Institutional Monitoring of Managers

LEVERAGED MANAGEMENT BUYOUTS: CAUSES AND CONSEQUENCES, Yakov Amihud, ed., Dow Jones Irwin, Homewood, IL, 1989
Number of pages: 8 Posted: 19 Oct 2005
Michael C. Jensen
Harvard Business School
Downloads 376

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LBOs, MBOs, restrictions, monitoring institutions, banks, SEC

6.

How Bigger Dividends Build Trust

Financial Times, October 6, 2003
Number of pages: 4 Posted: 25 Nov 2003
Michael C. Jensen and Joseph Fuller
Harvard Business School and The Monitor Company
Downloads 373

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Free cash flow, Agency costs, Reinvestment policy, governance

7.

Capitalism Isn't Broken

Wall Street Journal, p. A-10, March 29, 1996
Number of pages: 6 Posted: 16 Dec 2003
Perry Fagan and Michael C. Jensen
Harvard University - Business School (HBS) and Harvard Business School
Downloads 361

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8.

Beware the Self-Serving Critics

New York Times, May 20, 1984
Number of pages: 4 Posted: 28 Nov 2003
Kevin J. Murphy and Michael C. Jensen
University of Southern California - Marshall School of Business and Harvard Business School
Downloads 332

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CEO Compensation, executive compensation, corruption, fraud

9.

A Helping Hand for Entrenched Managers

Wall Street Journal, November 4, 1987
Number of pages: 6 Posted: 10 May 2004
Michael C. Jensen
Harvard Business School
Downloads 291

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tender offers, Proxmire Bill, regulation, SEC, disclosure, 13d reporting, free rider problems, market for corporate control

10.

A Revolution Only Markets Could Love

Wall Street Journal, p. A6, January 3, 1994
Number of pages: 6 Posted: 16 Dec 2003
Michael C. Jensen
Harvard Business School
Downloads 280

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Third Industrial Revolution, Leveraged Buyouts, Takeovers, Restructuring, Downsizing, Excess Capacity, Mergers, Incentives, Productivity, Regulation

11.

Don't Freeze the Arbs Out

Wall Street Journal, p. 22, December 3, 1986
Number of pages: 6 Posted: 03 Nov 2003
Michael C. Jensen
Harvard Business School
Downloads 251

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Arbitragers, information, takeover bids, target shareholder interest, SEC, risk-bearing services, insider trading, legality of sharing of information