Publications

1977
Other Unpublished Work

Democracy in Crisis

By: Michael C. Jensen and William H. Meckling

2009
Working Paper

Specific Knowledge and Divisional Performance Measurement

By: Michael C. Jensen and William H. Meckling

This paper discusses five common divisional performance measurement methods—cost centers, revenue centers, profit centers, investment centers, and expense centers—providing a theory that explains when each of these methods is likely to be the most efficient. The... View Details

Keywords: Business Units; Business Headquarters; Decisions; Cost; Investment; Investment Return; Profit; Revenue; Knowledge Use and Leverage; Managerial Roles; Performance Efficiency; Strategy

summer 1994
Journal Article

The Nature of Man

By: Michael C. Jensen and William H. Meckling

05 May 2009
First Look

First Look: May 5, 2009

Working PapersRegional Trade Integration and Multinational Firm Strategies Authors:Pol Antrás and C. Fritz Foley Abstract This paper analyzes the effects of the formation of a regional trade agreement on the level and nature of... View Details

Keywords: Martha Lagace

20 Nov 2012
First Look

First Look: November 20

their increased tendency to behave fairly. Read the paper: http://www.people.hbs.edu/mnorton/shaw et al.pdf Robust Enforcement Should Complement Voluntary Regulation Authors:Jodi L. Short and Michael W. Toffel Publication:Georgetown... View Details

Keywords: Sean Silverthorne

May – June 1990
Article

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

By: Michael C. Jensen and Kevin J. Murphy

17 Dec 2013
First Look

First Look: December 17

Publications August 2013 Harvard Business Review Press Can China Lead? Reaching the Limits of Power and Growth By: Abrami, Regina M., William C. Kirby, and F. Warren McFarlan Abstract—At the time of the American Revolution, China was... View Details

Keywords: Carmen Nobel

09 Apr 2019
First Look

New Research and Ideas, April 9, 2019

capital and demonstrates how technology—novel data sources, artificial intelligence, machine learning—will transform the small business lending market. This market has been plagued by frictions: it is hard for a lender to determine which... View Details

Keywords: Dina Gerdeman

2010
Working Paper

CREATING LEADERS WORKSHOP: Mastering the Principles and Effective Delivery of 'The Ontological Leadership Course' (PDF File of PowerPoint Slides)

By: Werner Erhard, Michael C. Jensen, Kari L. Granger and Joseph J. DiMaggio M.D.

This workshop is designed to support participants in gaining mastery in the delivery of our new course: "Being A Leader and the Effective Exercise of Leadership: An Ontological Model." The Workshop was delivered at the United States Air Force Academy (July 13 - 16,... View Details

Keywords: Curriculum and Courses; Values and Beliefs; Globalization; Policy; Leadership Development; Goals and Objectives; Performance Capacity; Social and Collaborative Networks

Read Now

2008
Working Paper

The Ontological Foundations of Leadership and Performance: Being a Leader, and the Effective Exercise of Leadership, A New Model

By: Werner Erhard, Michael C. Jensen, Steve Zaffron and Kari L. Granger

This paper is the (pre-course) introduction document to an experimental course developed by the authors and taught at the U. of Rochester Simon School of Business. The intention of the course is to leave the participants actually being leaders and being able to... View Details

Keywords: Transformation; Business Education; Knowledge; Leadership Development; Leadership Style; Performance Effectiveness; Attitudes; Behavior; Perspective

November 1991
Case

Newhall Land and Farming Co. (B)

By: James I. Cash Jr. and Michael C. Jensen

Keywords: Agriculture and Agribusiness Industry

November 1991
Case

Newhall Land and Farming Co. (A)

By: James I. Cash Jr. and Michael C. Jensen

Keywords: Agriculture and Agribusiness Industry

1984
Book

The Modern Theory of Corporate Finance

By: Michael C. Jensen and Clifford H. Smith Jr.

Keywords: Corporate Finance

21 Aug 2018
First Look

New Research and Ideas, August 21, 2018

new world. Typical approaches used by legacy players such as using technology to improve efficiency, encouraging business units to do digital experiments, or launching independent units to spur innovation have met with limited success.... View Details

Keywords: Dina Gerdeman

December 1996
Case

Case of the Colored Post-It Notes

By: Carliss Y. Baldwin, Michael C. Jensen and Karen Wruck

An example of how policies about budgeting and resource decisions are commonly misallocated is presented. View Details

Keywords: Budgets and Budgeting; Policy; Resource Allocation

01 Mar 2010
News

Alumni Books

created so much financial devastation. The Curse of the Mogul: What’s Wrong with the World’s Leading Media Companies by Jonathan A. Knee, Bruce C. Greenwald, and Ava Seave (MBA ’82) (Portfolio) In an... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Finance; Management, Scientific, and Technical Consulting Services; Professional Services

27 Apr 2017
News

Ensuring That Students Can Pursue Their Dreams

Jennifer Kelm Sergio (MBA 2010) (photo by Tori Soper) Jennifer Kelm Sergio (MBA 2010) (photo by Tori Soper) DONOR: Jennifer D. Kelm (MBA 2010) Fellowship FORMER RECIPIENT: View Details

Article

Compensation and Incentives: Practice vs. Theory

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

Keywords: Compensation and Benefits; Motivation and Incentives; Practice; Theory