Michael Jensen - Publications - Faculty & Research

1984
Chapter

Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure

By: Michael Jensen and William H. Meckling

Keywords: Managerial Roles; Management Style; Ownership; Organizational Structure; Theory

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SSRN

2010
Working Paper

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

By: Werner H. Erhard, Michael C. Jensen and Steve Zaffron

We present a positive model of integrity that, as we distinguish and define integrity, provides powerful access to increased performance for individuals, groups, organizations, and societies. Our model reveals the causal link between integrity and increased... View Details

Keywords: Trust; Performance Productivity; Information Technology; Knowledge; Moral Sensibility; Opportunities; Competitive Advantage; Legal Liability; Cost vs Benefits

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SSRN

Web

Entrepreneurial Management Awards & Honors - Faculty & Research

Finance, June 2020) with Christopher Malloy and Quoc Nguyen. Paul A. Gompers : Winner of the 2020 Journal of Financial Economics First Place Jensen Prize for “How Do Venture Capitalists Make Decisions?” (January 2020) with William... View Details

21 Feb 2005
Op-Ed

Is Business Management a Profession?

such as Michael Jensen and Oliver Williamson began, in the 1970s, to develop a new theory of the firm that treated it not as a "black box" that converted inputs into outputs but rather as an... View Details

Keywords: by Rakesh Khurana, Nitin Nohria & Daniel Penrice

01 Oct 2000
News

Rationale for Non-Rationality: Why We Make Bad Choices

The same neurochemicals that made our prehistoric ancestors flee the saber-toothed tiger now percolate in our brains when we bristle at a spouse's criticism or negative comments in a board meeting, according to research by HBS professor emeritus View Details

Keywords: Laura Singleton (MBA '88)

01 Dec 1998
News

New Releases

Foundations of Organizational Strategy by Michael C. Jensen (Harvard University Press) Economists have historically concentrated on analyzing markets while glossing over the complexities of organizations... View Details

01 Sep 2011
News

Capitalism’s False Mantra

Related Links Martin discussing his book One of the most influential papers defining the role of business, “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure,” was coauthored in 1976 by Michael Jensen, the... View Details

Keywords: Sean Silverthorne; Publishing Industries (except Internet); Information; Management

01 Oct 2000
News

Faculty Retirements

focused on operational competitiveness, technological development, and the integration of design with manufacturing. Hayes received his BA from Wesleyan University (1958) before earning an MS (1962) in statistics and a Ph.D. (1966) in operations research, both from... View Details

01 Dec 1996
News

Organizations and Markets: A Challenging View of the World

The following article is the seventh in a series on the activities and research taking place in each academic unit at HBS. Professor Michael C. Jensen has a simple explanation for why people sometimes don't... View Details

Keywords: Susan Young

04 Oct 2007
What Do You Think?

Has Managerial Capitalism Peaked?

investment vehicles. What's the reason for these phenomena? According to one report, Michael Jensen and Kevin Murphy, in a book to be published in the next several months, CEO Pay and What to Do About It,... View Details

Keywords: by Jim Heskett

01 Dec 2007
News

How Business Schools Lost Their Way

corporation that came with the emergence of investor capitalism in the 1970s. It is difficult to pinpoint exactly when the debate about the sources of America’s economic malaise, and what could be done about it, began to penetrate mainstream business schools, but HBS... View Details

Keywords: Roger Thompson; Abraham Zaleznik; Business Schools & Computer & Management Training; Educational Services