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, Chairman, Managing Director and Integrity Officer

7858 Sanderling Road

Sarasota, FL 34242

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 ECARES ULB CP 114

B-1050 Brussels

Belgium

Harvard University - Accounting & Control Unit

Soldiers Field

Boston, MA 02163

United States

SCHOLARLY PAPERS

136

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14,411

Scholarly Papers (136)

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
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 128,504 (4)
Citation 4,320

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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

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
Michael C. Jensen
Harvard Business School
Downloads 45,650 (19)
Citation 265

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Value Maximization, Stakeholder Theory, Balanced Scorecard, Multiple Objectives, Social Welfare, Social Responsibility, Corporate Objective Function, Corporate Purpose, Tradeoffs, Corporate Governance, Strategy, Special Interest Groups, Social Responsibility.

Value Maximization, Stakeholder Theory, and the Corporate Objective Function

Journal of Applied Corporate Finance, Vol. 22, Issue 1, pp. 32-42, Winter 2010
Number of pages: 13 Posted: 31 Mar 2010
Michael C. Jensen
Harvard Business School
Downloads 11 (563,365)
Citation 264
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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 43,304 (23)
Citation 2,188

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

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 and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 13,696 (211)
Citation 12

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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: 11 Feb 2016
Werner Erhard, Michael C. Jensen and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 16,968 (140)
Citation 12

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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: 25 Apr 2011
Werner Erhard, Michael C. Jensen and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 864 (24,371)
Citation 12

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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 6,817 (781)
Citation 12

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

5.

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
Michael C. Jensen, Fischer Black and Myron S. Scholes
Harvard Business School, Sloan School of Management, MIT (Deceased) and Stanford Graduate School of Business
Downloads 36,971 (33)
Citation 275

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

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 35,500 (38)
Citation 1,357

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7.

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 34,412
Citation 12

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Values, Integrity, Morality, Ethics

8.

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
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 33,619 (40)
Citation 51

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Human behavior, Rationality, Altruism, Self Interest, Perfect Agents, Sociology, Agency Costs

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: 1253 Posted: 04 Sep 2008 Last Revised: 22 May 2018
Werner Erhard, Michael C. Jensen, Steve Zaffron and Jeri Echeverria
Independent, Harvard Business School, Landmark Worldwide LLC and California State University Office of the Chancellor
Downloads 27,528 (57)
Citation 4

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

10.

The Sixth and Seventh of Eight Pre-Classroom Readings, '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: 89 Posted: 30 Mar 2009 Last Revised: 22 May 2018
Werner Erhard, Michael C. Jensen, Steve Zaffron and Jeri Echeverria
Independent, Harvard Business School, Landmark Worldwide LLC and California State University Office of the Chancellor
Downloads 27,166 (58)
Citation 3

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

11.

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 25,494 (68)
Citation 158

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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 14,000 (201)
Citation 74

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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 10,632 (346)
Citation 74

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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

Paying People to Lie: The Truth About the Budgeting Process

European Financial Management, Vol. 9, pp. 379-406, September 2003
Number of pages: 28 Posted: 12 Jul 2003
Michael C. Jensen
Harvard Business School
Downloads 67 (320,639)
Citation 74
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13.

The Adjustment of Stock Prices to New Information

International Economic Review, Vol. 10, February 1969, STRATEGIC ISSUES IN FINANCE, Keith Wand, ed., Butterworth Heinemann, 1993, INVESTMENT MANAGEMENT: SOME READINGS, J. Lorie, R. Brealey, eds., Praeger Publishers, 1972
Number of pages: 28 Posted: 08 Feb 2003 Last Revised: 15 Feb 2011
Eugene F. Fama, Lawrence Fisher, Michael C. Jensen and Richard Roll
University of Chicago - Finance, Rutgers University, Newark, School of Business-Newark, Department of Finance & Economics, Harvard Business School and California Institute of Technology
Downloads 19,463 (111)
Citation 302

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efficient markets, effect of information on stock prices, stock splits, dividend increases, market conditions, rate of return, effect of split(s) on return(s), residuals, average dividends, dividend increases, and dividend decreases

14.

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
Michael C. Jensen
Harvard Business School
Downloads 19,400 (112)
Citation 28

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15.

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
Werner Erhard, Michael C. Jensen and Kari L. Granger
Independent, Harvard Business School and Kari Granger, LLC
Downloads 16,757 (148)
Citation 3

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

16.

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
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 15,952 (161)
Citation 162

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17.

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 15,827 (167)
Citation 238

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

18.
Downloads 15,054 ( 185)
Citation 120

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 15,047 (182)
Citation 120

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

Journal of Applied Corporate Finance, Vol. 22, No. 1, pp. 64-76, Winter 2010
Number of pages: 15 Posted: 31 Mar 2010
Michael C. Jensen and Kevin J. Murphy
Harvard Business School and University of Southern California - Marshall School of Business
Downloads 7 (587,710)
Citation 119
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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 13,686 (212)
Citation 927

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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.

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

Journal of Applied Corporate Finance, Vol. 6, No. 4, Winter 1994
Number of pages: 20 Posted: 07 May 2004
Michael C. Jensen
Harvard Business School
Downloads 1,286 (13,329)
Citation 927

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

Journal of Applied Corporate Finance, Vol. 22, No. 1, pp. 43-58, Winter 2010
Number of pages: 18 Posted: 31 Mar 2010
Michael C. Jensen
Harvard Business School
Downloads 3 (613,480)
Citation 914
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20.

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 14,239 (200)
Citation 340

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21.

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 13,145 (227)
Citation 525

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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.

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
Joseph Fuller and Michael C. Jensen
The Monitor Company and Harvard Business School
Downloads 10,684 (335)
Citation 54

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

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 2,415 (4,716)
Citation 24

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

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

Journal of Applied Corporate Finance, Vol. 22, Issue 1, pp. 59-63, Winter 2010
Number of pages: 7 Posted: 31 Mar 2010
Joseph Fuller and Michael C. Jensen
The Monitor Company and Harvard Business School
Downloads 5 (599,862)
Citation 24
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23.

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 and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 12,973 (236)
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

24.

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 12,667 (246)
Citation 30

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

25.

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 11,296 (306)
Citation 542

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

26.

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 11,169 (313)
Citation 12

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27.
Downloads 11,037 ( 321)
Citation 235

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 9,118 (467)
Citation 180

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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 1,872 (7,252)
Citation 180

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

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

European Financial Management, Vol. 10, pp. 549-565, December 2004
Number of pages: 17 Posted: 30 Nov 2004
Michael C. Jensen
Harvard Business School
Downloads 28 (461,140)
Citation 181
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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 19 (514,036)
Citation 234
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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 6,461 (864)
Citation 13

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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 4,389 (1,676)
Citation 14

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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
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 102 (247,199)
Citation 15

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29.

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 and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 10,800 (334)

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

30.

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 10,681 (342)
Citation 206

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31.

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 10,569 (353)
Citation 878

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32.

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 10,166 (383)
Citation 2

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leadership, management, breakthrough, breakdown, innovation, commitment

33.

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 9,919 (393)
Citation 113

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

34.

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 9,329 (450)
Citation 10

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

35.
Downloads 8,990 ( 483)
Citation 10

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 8,984 (479)
Citation 10

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Specific Knowledge and Divisional Performance Measurement

Journal of Applied Corporate Finance, Vol. 21, Issue 2, pp. 49-57, Spring 2009
Number of pages: 11 Posted: 04 Jul 2009
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 6 (593,723)
Citation 4
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36.

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 8,705 (506)

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

37.

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 7,822 (612)
Citation 54

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38.

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 7,750 (625)
Citation 10

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

39.

The First and Second and Third of Eight Pre-Classroom 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: 28 Aug 2018
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, Harvard Business School and California State University Office of the Chancellor
Downloads 7,390 (680)

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Leadership

Science, Specific Knowledge, and Total Quality Management

Michael C. Jensen, FOUNDATIONS OF ORGANIZATIONAL STRATEGY, Harvard University Press, 1998; Journal of Applied Corporate Finance, Vol. 10, No. 2, Summer 1997
Number of pages: 55 Posted: 29 Jan 1998
Karen H. Wruck and Michael C. Jensen
Ohio State University - Fisher College of Business, Department of Finance and Harvard Business School
Downloads 5,106 (1,287)
Citation 35

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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 2,020 (6,322)
Citation 35

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Ontological Constraints, Perceptual Constraints, Functional Constraints

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Restricciones Ontologicas, Ontological Constraints, Restricciones Perceptuales, Perceptual Constraints, Restricciones Funcionales, Functional Constraints

42.

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
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Citation 2

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Leadership, Extraordinary Life, Principles for Living, Success,

43.

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 6,249 (928)
Citation 12

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

44.

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 5,917 (1,020)
Citation 2

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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: 18 May 2013
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 3,801 (2,156)

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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: 25 Aug 2013
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,230 (14,347)

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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 878 (23,815)

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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

46.

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 5,905 (1,026)
Citation 53

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47.

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 5,773 (1,069)
Citation 61

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

48.

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 5,243 (1,251)
Citation 50

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

49.

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 5,120 (1,302)

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




50.

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, Finance Unit and Ohio State University - Fisher College of Business, Department of Finance
Downloads 5,120 (1,301)

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51.

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 5,100 (1,308)
Citation 136

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

52.

Corporate Control and the Politics of Finance

Journal of Applied Corporate Finance, Vol. 4, No. 2, pp. 13-33, Summer 1991
Number of pages: 22 Posted: 17 Dec 2002
Michael C. Jensen
Harvard Business School
Downloads 4,917 (1,400)
Citation 64

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corporate control, corporate finance, highly leveraged transactions (HLTs), mergers, tender offers, divestitures, LBOs, KKR, contracting problems, agency costs, active investor, LBO Association, takeovers, privatization of bankruptcy, keiretsu, deregulation, re-regulation, Congress, government

53.

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 Morgan Stanley Investment Management
Downloads 4,843 (1,432)
Citation 1

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

Active Investors, Lbos, and the Privatization of Bankruptcy

Journal of Applied Corporate Finance, Vol. 2, No. 1, pp. 35-44, Spring 1989, Harvard NOM Research Paper No. 00-08, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000
Number of pages: 11 Posted: 12 Oct 2000
Michael C. Jensen
Harvard Business School
Downloads 4,835 (1,414)
Citation 55

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Active Investors, Investors, Mergers and Acquisitions, Control Transactions, Corporate Control Activity, Takeover Activity, Corporate Efficiency, LBOs, Restructurings

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: 31 Mar 2010
Michael C. Jensen
Harvard Business School
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Citation 55
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55.

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 4,731 (1,493)
Citation 2

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56.

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 4,570 (1,582)
Citation 1

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57.

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 4,523 (1,613)
Citation 5

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58.

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 4,422 (1,679)
Citation 10

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

59.

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 3,788 (2,217)

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

60.

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 3,628 (2,401)
Citation 4

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

61.

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 Nov 2013
Michael C. Jensen and Werner Erhard
Harvard Business School and Independent
Downloads 3,491 (2,543)
Citation 1

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

62.

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 3,352 (2,742)
Citation 11

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

63.

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 2,815 (3,704)

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

64.

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: 90 Posted: 14 Jul 2010 Last Revised: 25 Jan 2018
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, Harvard Business School and California State University Office of the Chancellor
Downloads 2,640 (4,136)
Citation 1

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

65.

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 2,602 (4,244)
Citation 15

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

66.

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 2,337 (5,076)
Citation 6

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

67.

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 2,269 (5,338)

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Productivity, incentives, performance, ontology, Barbados Group,

68.

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 2,184 (5,690)
Citation 10

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69.

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: 07 Jul 2015
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 2,090 (6,121)

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Leadership

70.

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 1,924 (7,049)
Citation 3

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71.

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 1,837 (7,674)
Citation 69

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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

72.

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 1,772 (8,140)
Citation 2

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

73.

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 1,756 (8,260)
Citation 4

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Clinical Papers, case studies, perfect and imperfect markets

74.

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 1,755 (8,272)
Citation 8

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

75.

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: 12 Aug 2015
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 1,643 (9,214)

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

76.

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 1,595 (9,655)
Citation 22

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77.

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 1,589 (9,718)

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

78.

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 1,566 (9,966)
Citation 4

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

79.

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 1,554 (10,082)
Citation 103

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

80.

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 1,525 (10,368)
Citation 11

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

81.

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 1,430 (11,508)
Citation 7

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

82.

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 1,373 (12,325)

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

83.

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 1,360 (12,517)
Citation 21

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84.

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 1,331 (12,945)
Citation 20

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

85.

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 1,288 (13,599)
Citation 4

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

86.

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 1,260 (14,050)
Citation 6

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87.

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 1,256 (14,170)

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Integrity, Workability, Whole and Complete

88.

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 1,248 (14,291)
Citation 1

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

89.

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 1,198 (15,237)

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Ethics, morality, workability

90.

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 1,143 (16,388)
Citation 6

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91.

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 1,099 (17,367)
Citation 1

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

92.

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 1,061 (18,290)
Citation 4

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Performance Measurement, compensation, rewards, value destruction

93.

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 987 (20,376)

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

94.

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 976 (20,738)

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Agency Theory, Conflicts of Interest, Rules of the Game

95.

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: 30 Mar 2018
Kari L. Granger, Werner Erhard and Michael C. Jensen
Kari Granger, LLC, Independent and Harvard Business School
Downloads 924 (22,528)

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Leader, Leadership, Ontology, Phenomenology




96.

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

Number of pages: 77 Posted: 10 May 2014 Last Revised: 03 Jul 2015
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School
Downloads 872 (24,502)

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97.

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 871 (24,502)

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98.

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 858 (25,012)
Citation 3

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

99.

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 826 (26,494)
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

100.

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: 91 Posted: 15 Nov 2015 Last Revised: 15 Aug 2017
Werner Erhard, Michael C. Jensen, Jeri Echeverria and Sandra Carr
Independent, Harvard Business School, California State University Office of the Chancellor and Independent
Downloads 694 (33,633)

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Leadership

101.

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 685 (34,195)
Citation 2

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

102.

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 684 (34,266)
Citation 1

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103.

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 664 (35,668)
Citation 25

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

104.

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 569 (43,717)

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Distinguishing between theft and sharing the results of private research

105.

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 535 (47,286)

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

106.

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 507 (50,683)

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

107.

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 481 (54,093)

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

108.

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 469 (56,009)

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Executive compensation, CEO pay, regulation, compensation committees

109.

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 469 (55,859)

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

110.

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 460 (57,217)

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

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 442 (60,037)
Citation 2

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Political Economy, News, Media, Manipulation, Bias

112.

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 433 (61,618)

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freedom, capitalism, brain, behavior, special interests

113.
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Liderazgo, Modelo Ontológico, Metodología Fenomenológica, Ser un Líder, Restricciones Ontologicas, Ontological Constraints, Restricciones Perceptuales, Perceptual Constraints, Restricciones Funcionales, Functional Constraints

114.

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 404 (67,041)

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

115.

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: 30 Oct 2010 Last Revised: 12 Oct 2012
Michael C. Jensen and Ralph A. Walkling
Harvard Business School and Drexel University - Lebow College of Business
Downloads 392 (69,430)
Citation 2

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Agency Theory, Market for Corporate Control, Private Equity




116.

ترجمۀ فارسی اسلایدهای دورۀ «راهبر بودن و عملکرد موثر راهبری: یک مدل هستی شناختی/ پدیده شناختی» آخرین ویرایش ترجمۀ فارسی: 19 شهریور 1396 (Farsi Translation of Course Materials for: ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’)

Harvard Business School NOM Unit Working Paper 09-038, EFA 2000 London & Simon School of Business, Univ. of Rochester, Vol. 08-03, Barbados Group Working Paper No. 08-02
Number of pages: 1047 Posted: 04 Jan 2018 Last Revised: 30 Apr 2018
Werner Erhard, Michael C. Jensen and Steve Zaffron
Independent, Harvard Business School and Landmark Worldwide LLC
Downloads 384 (71,338)

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راهبری، هستی شناسی، مدل هستی شناختی طبیعت انسان، محدودیت های هستی شناختی، محدودیت های نگرشی و دریافتی، محدودیت های کارکردی

117.

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: 16 May 2015
Werner Erhard, Michael C. Jensen, Steve Zaffron and Kari L. Granger
Independent, Harvard Business School, Landmark Worldwide LLC and Kari Granger, LLC
Downloads 376
Citation 3

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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

118.

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 363 (75,979)

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119.

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 344 (80,814)

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Positive Analysys of Nomative Values

120.

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 333 (83,928)

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

121.

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 302 (93,534)
Citation 1

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




122.

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 297 (95,298)
Citation 1

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Political Economy, politics, markets, free enterprise

123.

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

Number of pages: 11 Posted: 27 Mar 2018
Werner Erhard, Michael C. Jensen, Steve Zaffron and Jeri Echeverria
Independent, Harvard Business School, Landmark Worldwide LLC and California State University Office of the Chancellor
Downloads 294 (96,716)

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

124.

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

Number of pages: 1000 Posted: 13 Mar 2017
Werner Erhard, Michael C. Jensen, Steve Zaffron and Kari L. Granger
Independent, Harvard Business School, Landmark Worldwide LLC and Kari Granger, LLC
Downloads 275 (103,436)

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125.

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 262 (108,857)

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Family, values, markets, Golden Rule, press

126.

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 185 (152,829)

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

127.

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 183 (155,097)

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128.

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 Office of the Chancellor, Oregon Health & Science University - School of Medicine, Saybrook University and Independent
Downloads 119 (221,499)

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Ontological, Phenomenological

129.

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: 31 Mar 2010
Harvard Business School, Quaker Chemical Corporation, Columbia University - Columbia Business School, Morgan Stanley Investment Management and Baylor University
Downloads 4 (579,354)
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130.

Temporary and Progressive Slide Deck for Course Participants in 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model', Cancun, Mexico, October 2017

Posted: 27 Sep 2017 Last Revised: 09 Jun 2018
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, Harvard Business School and California State University Office of the Chancellor

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131.

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

Posted: 26 Nov 2013 Last Revised: 18 Apr 2017
Werner Erhard and Michael C. Jensen
Independent and Harvard Business School

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Leadership, Ontological, Phenomenological

132.

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




133.

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




134.

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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135.

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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136.

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: 4,466    Citations: 2
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 1,030
Citation 1

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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 763
Citation 1

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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 545

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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 393

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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 303

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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 285

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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 Business School and Harvard Business School
Downloads 284

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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 247

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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 217

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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 210

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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 189

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