Michael C. Jensen

SSRN

Co-Founder, Chairman, Managing Director and Integrity Officer

7858 Sanderling Road

Sarasota, FL 34242

United States

http://ssrn.com/author=9

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

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

View CV
SCHOLARLY PAPERS

131

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CITATIONS
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14,459

Scholarly Papers (131)

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 109,304 (4)
Citation 4,337

Abstract:

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
SSRN
Downloads 42,557 (18)
Citation 270

Abstract:

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
SSRN
Downloads 10 (513,739)
Citation 269

Abstract:

3.

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 SSRN
Downloads 34,187 (34)
Citation 1,359

Abstract:

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, SSRN and Landmark Worldwide LLC
Downloads 12,299 (199)
Citation 13

Abstract:

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, SSRN and Landmark Worldwide LLC
Downloads 14,694 (151)
Citation 13

Abstract:

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, SSRN and Landmark Worldwide LLC
Downloads 774 (24,398)
Citation 13

Abstract:

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
SSRN, Center For Character and Leadership Development and Independent
Downloads 6,264 (724)
Citation 13

Abstract:

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

5.

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
SSRN
Downloads 32,054 (21)
Citation 2,193

Abstract:

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

6.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 29,581 (38)
Citation 50

Abstract:

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

7.

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
SSRN, Sloan School of Management, MIT (Deceased) and Stanford Graduate School of Business
Downloads 26,830 (37)
Citation 276

Abstract:

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

8.

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

Harvard Business School Negotiations, Organizations and Markets Unit Research Paper Series No. 10-091, Barbados Group Working Paper No. 08-01, Simon School Working Paper No. 08-02, Gruter Institute Squaw Valley Conference 2009: Law, Behavior & the Brain
Number of pages: 104 Posted: 30 Mar 2009 Last Revised: 10 Jan 2017
Werner Erhard, Michael C. Jensen, Steve Zaffron and Jeri Echeverria
Independent, SSRN, Landmark Worldwide LLC and California State University Office of the Chancellor
Downloads 24,936 (52)
Citation 4

Abstract:

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

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
SSRN
Downloads 13,213 (180)
Citation 74

Abstract:

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
SSRN
Downloads 10,113 (293)
Citation 74

Abstract:

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
SSRN
Downloads 65 (289,138)
Citation 74

Abstract:

10.

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
SSRN, University of Southern California - Marshall School of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 20,895 (58)
Citation 159

Abstract:

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

11.

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

Harvard Business School NOM Working Paper No. 09-038, Simon School Working Paper No. 08-03, Barbados Group Working Paper No. 08-02
Number of pages: 1054 Posted: 04 Sep 2008 Last Revised: 07 Feb 2017
Werner Erhard, Michael C. Jensen and Steve Zaffron
Independent, SSRN and Landmark Worldwide LLC
Downloads 17,648 (62)
Citation 3

Abstract:

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

12.

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
SSRN
Downloads 16,908 (93)
Citation 28

Abstract:

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, SSRN and California Institute of Technology
Downloads 15,385 (103)
Citation 300

Abstract:

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.

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, SSRN and Center For Character and Leadership Development
Downloads 14,879 (149)
Citation 3

Abstract:

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

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
SSRN
Downloads 13,404 (177)
Citation 930

Abstract:

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
SSRN
Downloads 1,257 (11,666)
Citation 930

Abstract:

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
SSRN
Downloads 3 (550,213)
Citation 918

Abstract:

16.
Downloads 14,277 ( 167)
Citation 121

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
SSRN and University of Southern California - Marshall School of Business
Downloads 14,270 (164)
Citation 121

Abstract:

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
SSRN and University of Southern California - Marshall School of Business
Downloads 7 (529,830)
Citation 120

Abstract:

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
SSRN
Downloads 12,942 (155)
Citation 239

Abstract:

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

18.

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 SSRN
Downloads 12,862 (177)
Citation 338

Abstract:

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 SSRN
Downloads 10,226 (286)
Citation 54

Abstract:

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 SSRN
Downloads 2,329 (4,102)
Citation 24

Abstract:

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 SSRN
Downloads 5 (539,895)
Citation 24

Abstract:

20.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 11,512 (161)
Citation 161

Abstract:

21.

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, SSRN and Landmark Worldwide LLC
Downloads 11,104 (208)
Citation 1

Abstract:

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

22.

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 Jr.
SSRN and Simon Graduate School of Business, University of Rochester
Downloads 11,013 (213)
Citation 30

Abstract:

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

23.
Downloads 10,547 ( 268)
Citation 236

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
SSRN
Downloads 8,661 (412)
Citation 181

Abstract:

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
SSRN
Downloads 1,840 (6,162)
Citation 181

Abstract:

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
SSRN
Downloads 28 (412,429)
Citation 182

Abstract:

Agency Costs of Overvalued Equity

Financial Management, Vol. 34, No. 1, Spring 2005
Number of pages: 16 Posted: 24 Apr 2005
Michael C. Jensen
SSRN
Downloads 18 (467,814)
Citation 235

Abstract:

24.

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 SSRN
Downloads 10,351 (212)
Citation 525

Abstract:

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.

25.

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, SSRN and University of Southern California - Marshall School of Business
Downloads 10,120 (271)
Citation 207

Abstract:

26.

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 SSRN
Downloads 9,719 (286)
Citation 881

Abstract:

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 SSRN
Downloads 9,256 (318)
Citation 2

Abstract:

leadership, management, breakthrough, breakdown, innovation, commitment

28.

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 Jr.
SSRN and Simon Graduate School of Business, University of Rochester
Downloads 9,026 (285)
Citation 12

Abstract:

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, SSRN and Landmark Worldwide LLC
Downloads 8,989 (309)

Abstract:

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

30.
Downloads 8,760 ( 407)
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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 8,754 (405)
Citation 10

Abstract:

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 6 (534,866)
Citation 4

Abstract:

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 SSRN
Downloads 5,879 (818)
Citation 14

Abstract:

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 SSRN
Downloads 2,788 (3,026)
Citation 14

Abstract:

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 SSRN
Downloads 63 (294,003)
Citation 15

Abstract:

32.

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
SSRN
Downloads 8,586 (289)
Citation 547

Abstract:

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

33.

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, SSRN and Center For Character and Leadership Development
Downloads 7,977 (483)

Abstract:

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

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
SSRN
Downloads 7,969 (412)
Citation 11

Abstract:

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

35.

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
SSRN
Downloads 7,355 (402)
Citation 113

Abstract:

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

36.

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
SSRN
Downloads 6,990 (559)
Citation 10

Abstract:

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

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 SSRN
Downloads 4,984 (1,090)
Citation 35

Abstract:

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 SSRN
Downloads 1,976 (5,447)
Citation 35

Abstract:

Abstract:

Ontological Constraints, Perceptual Constraints, Functional Constraints

Abstract:

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

39.

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
SSRN
Downloads 6,699 (528)
Citation 54

Abstract:

40.

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
SSRN
Downloads 6,017 (741)
Citation 2

Abstract:

Leadership, Extraordinary Life, Principles for Living, Success,

41.

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
SSRN
Downloads 5,928 (775)
Citation 11

Abstract:

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

42.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 5,683 (838)
Citation 2

Abstract:

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 SSRN
Downloads 3,619 (1,897)

Abstract:

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 SSRN
Downloads 1,104 (14,302)

Abstract:

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
SSRN and Independent
Downloads 756 (25,196)

Abstract:

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

44.

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
SSRN and University of Rochester – Simon Business School
Downloads 5,400 (905)
Citation 61

Abstract:

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

45.

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
SSRN
Downloads 5,059 (900)
Citation 53

Abstract:

46.

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
SSRN, HBS Negotiations, Organizations and Markets Unit, Harvard Business School, Finance Unit and Ohio State University - Fisher College of Business, Department of Finance
Downloads 4,994 (1,076)

Abstract:

47.

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 SSRN
Downloads 4,970 (1,046)
Citation 50

Abstract:

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

48.

The First Two of Five Pre-Course Readings for The 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' Course

Number of pages: 9 Posted: 27 Mar 2014 Last Revised: 07 Feb 2017
Independent, SSRN, Center For Character and Leadership Development and California State University Office of the Chancellor
Downloads 4,752 (724)

Abstract:

Leadership

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
SSRN
Downloads 4,634 (1,250)
Citation 55

Abstract:

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
SSRN
Downloads 2 (557,745)
Citation 55

Abstract:

50.

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
SSRN and Morgan Stanley Investment Management
Downloads 4,622 (1,213)
Citation 1

Abstract:

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

51.

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 SSRN
Downloads 4,620 (1,132)

Abstract:

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




52.

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 SSRN
Downloads 4,567 (1,259)
Citation 2

Abstract:

53.

Coordination, Control, and the Management of Organizations: Practice Questions (4th of 4 CCMO documents)

Number of pages: 85 Posted: 20 Apr 1998
SSRN, Simon School, University of Rochester (Deceased), HBS Negotiations, Organizations and Markets Unit and Ohio State University - Fisher College of Business, Department of Finance
Downloads 4,445 (1,319)
Citation 1

Abstract:

54.

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
SSRN
Downloads 4,412 (1,221)
Citation 65

Abstract:

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

55.

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
SSRN
Downloads 4,403 (1,142)
Citation 137

Abstract:

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

56.

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 SSRN
Downloads 4,280 (1,350)
Citation 5

Abstract:

57.

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
SSRN
Downloads 3,928 (1,468)
Citation 10

Abstract:

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

58.

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
SSRN
Downloads 2,936 (2,495)
Citation 11

Abstract:

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

59.

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
SSRN and Independent
Downloads 2,894 (2,330)
Citation 1

Abstract:

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

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 SSRN
Downloads 2,759 (2,298)
Citation 4

Abstract:

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

61.

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 SSRN
Downloads 2,695 (2,281)

Abstract:

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

62.

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 SSRN
Downloads 2,656 (3,172)

Abstract:

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

63.

Takeovers: Folklore and Science

Harvard Business Review, November-December, 1984
Number of pages: 32 Posted: 21 Nov 2002
Michael C. Jensen
SSRN
Downloads 2,259 (3,811)
Citation 15

Abstract:

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

64.

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
SSRN
Downloads 2,183 (4,538)

Abstract:

Productivity, incentives, performance, ontology, Barbados Group,

65.

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
SSRN
Downloads 2,108 (4,496)
Citation 6

Abstract:

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

66.

CREATING COURSE LEADERS WORKSHOP 2: Mastering the Principles and Effective Delivery of The Ontological / Phenomenological Access to Leadership

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: 149 Posted: 14 Jul 2010 Last Revised: 28 Nov 2015
Werner Erhard, Michael C. Jensen and Jeri Echeverria
Independent, SSRN and California State University Office of the Chancellor
Downloads 2,071 (3,889)
Citation 1

Abstract:

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

67.

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
SSRN
Downloads 1,994 (5,072)
Citation 10

Abstract:

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 1,712 (6,699)
Citation 72

Abstract:

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.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 1,654 (7,074)
Citation 2

Abstract:

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

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
SSRN
Downloads 1,643 (6,616)
Citation 3

Abstract:

71.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 1,600 (7,445)
Citation 8

Abstract:

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

72.

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
SSRN
Downloads 1,552 (8,298)

Abstract:

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

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, SSRN, 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 1,532 (7,473)
Citation 4

Abstract:

Clinical Papers, case studies, perfect and imperfect markets

74.

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 SSRN
Downloads 1,431 (6,217)

Abstract:

Leadership

75.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 1,430 (8,785)
Citation 4

Abstract:

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

76.

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 SSRN
Downloads 1,415 (9,130)
Citation 11

Abstract:

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

77.

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 SSRN
Downloads 1,411 (9,893)

Abstract:

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

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
SSRN
Downloads 1,359 (10,041)
Citation 7

Abstract:

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

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
SSRN
Downloads 1,348 (9,430)
Citation 103

Abstract:

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

80.

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
SSRN
Downloads 1,329 (9,071)
Citation 22

Abstract:

81.

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 SSRN
Downloads 1,268 (11,098)
Citation 21

Abstract:

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
SSRN
Downloads 1,263 (10,848)

Abstract:

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

83.

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
SSRN
Downloads 1,249 (11,706)
Citation 4

Abstract:

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

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
SSRN and University of Rochester - Simon Business School
Downloads 1,230 (11,493)
Citation 19

Abstract:

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

85.

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
SSRN
Downloads 1,193 (12,306)
Citation 1

Abstract:

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

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
SSRN, University of Chicago - Booth School of Business and Econalytics
Downloads 1,160 (12,508)
Citation 6

Abstract:

87.

Random Walks: Reality or Myth - Comment

Financial Analysts Journal, November-December 1967
Number of pages: 23 Posted: 17 Dec 2002
Michael C. Jensen
SSRN
Downloads 1,063 (14,342)
Citation 6

Abstract:

88.

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, SSRN and Simon School, University of Rochester (Deceased)
Downloads 1,052 (15,098)
Citation 1

Abstract:

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

89.

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
SSRN
Downloads 988 (16,041)
Citation 4

Abstract:

Performance Measurement, compensation, rewards, value destruction

90.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 927 (18,009)

Abstract:

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

91.

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
SSRN, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 827 (21,925)
Citation 3

Abstract:

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

92.

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
SSRN
Downloads 804 (21,779)

Abstract:

93.

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 SSRN

Abstract:

Leadership, Ontological, Phenomenological

94.

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

Number of pages: 69 Posted: 23 May 2013 Last Revised: 07 Jul 2015
Kari L. Granger, Werner Erhard and Michael C. Jensen
Center For Character and Leadership Development, Independent and SSRN
Downloads 666 (22,628)

Abstract:

Leader, Leadership, Ontology, Phenomenology




95.

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
SSRN
Downloads 638 (31,068)
Citation 1

Abstract:

96.

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
SSRN
Downloads 632 (30,837)
Citation 2

Abstract:

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

97.

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
SSRN
Downloads 544 (24,010)

Abstract:

Agency Theory, Conflicts of Interest, Rules of the Game

98.

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 SSRN
Downloads 542 (17,690)

Abstract:

Ethics, morality, workability

99.

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
SSRN
Downloads 533 (38,992)

Abstract:

Distinguishing between theft and sharing the results of private research

100.

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 SSRN
Downloads 513 (25,693)

Abstract:

101.

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 SSRN
Downloads 505 (27,561)
Citation 1

Abstract:

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

102.

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
SSRN
Downloads 464 (37,553)
Citation 25

Abstract:

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

103.

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
SSRN
Downloads 456 (48,293)

Abstract:

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

104.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 424 (51,413)

Abstract:

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

105.

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
SSRN
Downloads 418 (54,183)
Citation 2

Abstract:

Political Economy, News, Media, Manipulation, Bias

106.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 411 (51,983)

Abstract:

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

107.

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

Number of pages: 9 Posted: 19 Oct 2005
Michael C. Jensen
SSRN
Downloads 405 (55,461)

Abstract:

freedom, capitalism, brain, behavior, special interests

108.

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, SSRN, ITX Corp., SSRN and University of Washington
Downloads 379 (49,054)

Abstract:

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

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
SSRN
Downloads 356 (62,612)

Abstract:

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

110.

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
SSRN
Downloads 344 (67,590)

Abstract:

111.

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
SSRN and Drexel University - Lebow College of Business
Downloads 341 (64,607)
Citation 2

Abstract:

Agency Theory, Market for Corporate Control, Private Equity




112.

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
SSRN
Downloads 322 (71,314)

Abstract:

Positive Analysys of Nomative Values

113.

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
SSRN, Simon School, University of Rochester (Deceased) and Boston College - Department of Finance
Downloads 305 (76,973)

Abstract:

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

114.

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
SSRN
Downloads 281 (57,806)

Abstract:

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

115.

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
SSRN
Downloads 267 (86,370)
Citation 1

Abstract:

Political Economy, politics, markets, free enterprise

116.

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
SSRN and Drexel University - Lebow College of Business
Downloads 257 (85,357)
Citation 1

Abstract:

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




117.

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
SSRN and Simon School, University of Rochester (Deceased)
Downloads 240 (97,827)

Abstract:

Family, values, markets, Golden Rule, press

Abstract:

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

119.

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
SSRN, Sloan School of Management, MIT (Deceased) and Boston College - Department of Finance
Downloads 163 (141,827)

Abstract:

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

120.

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
SSRN, Quaker Chemical Corporation, Columbia University - Columbia Business School, Morgan Stanley Investment Management and Baylor University
Downloads 4 (520,068)

Abstract:

121.

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, SSRN, National University of Rosario, California State University Office of the Chancellor, School of Medicine, Oregon Health & Science University, Saybrook University and Independent
Downloads 0 (373,194)

Abstract:

Ontological, Phenomenological

122.

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, SSRN, Landmark Worldwide LLC and Center For Character and Leadership Development
Downloads 0 (295,178)

Abstract:

123.

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: 168 Posted: 15 Nov 2015 Last Revised: 31 May 2017
Werner Erhard, Michael C. Jensen, Jeri Echeverria and Sandra Carr
Independent, SSRN, California State University Office of the Chancellor and Independent
Downloads 0 (47,159)

Abstract:

Leadership

124.

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 SSRN
Downloads 0 (17,181)

Abstract:

Integrity, Workability, Whole and Complete

125.

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
SSRN and Drexel University - Lebow College of Business

Abstract:

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




126.

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
SSRN and Drexel University - Lebow College of Business

Abstract:

Agency Theory, Market for Corporate Control, Private Equity




127.

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
SSRN, affiliation not provided to SSRN and Harvard Business School

Abstract:

128.

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 SSRN

Abstract:

129.

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 SSRN

Abstract:

130.

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, SSRN, Landmark Worldwide LLC and Center For Character and Leadership Development
Downloads 0
Citation 4

Abstract:

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

131.

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
SSRN
Downloads 0
Citation 13

Abstract:

Values, Integrity, Morality, Ethics

Other Papers (11)

Total Downloads: 4,339    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
SSRN
Downloads 996
Citation 1

Abstract:

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
SSRN
Downloads 695
Citation 1

Abstract:

Insolvency, bankruptcy, efficiency

3.

The Case Method and Science

Number of pages: 12 Posted: 19 Mar 1999
Michael C. Jensen
SSRN
Downloads 517

Abstract:

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
SSRN
Downloads 376

Abstract:

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
SSRN
Downloads 279

Abstract:

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

6.

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 SSRN
Downloads 268

Abstract:

7.

How Bigger Dividends Build Trust

Financial Times, October 6, 2003
Number of pages: 4 Posted: 25 Nov 2003
Michael C. Jensen and Joseph Fuller
SSRN and The Monitor Company
Downloads 248

Abstract:

Free cash flow, Agency costs, Reinvestment policy, governance

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 SSRN
Downloads 232

Abstract:

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
SSRN
Downloads 203

Abstract:

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
SSRN
Downloads 196

Abstract:

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
SSRN
Downloads 173

Abstract:

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