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- All HBS Web (138)
- Faculty Publications (90)
Show Results For
- All HBS Web (138)
- Faculty Publications (90)
- 1991
- Chapter
Eclipse of the Public Corporation
By: Michael C. Jensen
Keywords: Public Ownership
Jensen, Michael C. "Eclipse of the Public Corporation." In The Law of Mergers, Acquisitions, and Reorganizations, edited by D. A. Oesterle. St. Paul, MN: West Publishing Company, 1991. (Forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, (Harvard University Press))
- 30 May 2013
- News
Who Should Actually Have Say on Pay?
- 2000
- Book
Theory of the Firm: Governance, Residual Claims, and Organizational Forms
By: Michael C. Jensen
Jensen, Michael C. Theory of the Firm: Governance, Residual Claims, and Organizational Forms. Cambridge: Harvard University Press, 2000.
- summer 1994
- Article
Self-interest, Altruism, Incentives, and Agency Theory
By: Michael C. Jensen
Keywords: Theory
Jensen, Michael C. "Self-interest, Altruism, Incentives, and Agency Theory." Journal of Applied Corporate Finance 7, no. 2 (summer 1994): 40–45. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)
- November 1989 (Revised December 1996)
- Supplement
Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance
By: Michael C. Jensen
Describes the resolution of the default situation. Further examines the internal control mechanisms and distinct role of the board of directors of a typical LBO association. View Details
Jensen, Michael C. "Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance." Harvard Business School Supplement 190-070, November 1989. (Revised December 1996.)
- 09 Jun 2008
- News
Now s Get Their Star Rankings, Too
- 2010
- Working Paper
A 'Value-Free' Approach to Values (PDF File of PowerPoint Slides)
By: Michael C. Jensen and Werner Erhard
We argue here that the three factors we identify as constituting the foundation for being a leader and the effective exercise of leadership can also be seen as "A 'Value-Free' Approach to Values" that proves to be very effective in allowing students to acquire the... View Details
Jensen, Michael C., and Werner Erhard. "A 'Value-Free' Approach to Values (PDF File of PowerPoint Slides)." Harvard Business School Working Paper, No. 11-010, October 2010.
- 01 Dec 1996
- News
Faculty Symposium Honors McArthur
Management Professor Robert H. Hayes and Associate Professor Marco Iansiti Global Financial Systems Professor Robert C. Merton and Associate Professor Peter Tufano Organizations and Markets Professors George P. Baker III, Carliss Y. Baldwin, and View Details
Keywords: Daniel Penrice
- 01 Jun 1997
- News
Blockbuster Deals
Michael Jensen, a finance expert, how what is happening today compares to what transpired in the 1980s. A decade ago, Jensen explains, M&As; were often associated with downsizing and what he describes as... View Details
Keywords: Garry Emmons and Nancy O. Perry
- 2011
- Working Paper
CEO Bonus Plans: And How to Fix Them
By: Kevin J. Murphy and Michael C. Jensen
Almost all CEO and executive bonus plans have serious design flaws that limit their benefits dramatically. Such poorly designed executive bonus plans destroy value by providing incentives to manipulate the timing of earnings, mislead the board about organizational... View Details
Keywords: Business Earnings; Competency and Skills; Cost of Capital; Executive Compensation; Risk Management; Performance Evaluation; Projects; Motivation and Incentives; Value
Murphy, Kevin J., and Michael C. Jensen. "CEO Bonus Plans: And How to Fix Them." Harvard Business School Working Paper, No. 12-022, October 2011.
- May – June 1990
- Article
CEO Incentives: It's Not How Much You Pay, But How
By: Michael C. Jensen and Kevin J. Murphy
Jensen, Michael C., and Kevin J. Murphy. "CEO Incentives: It's Not How Much You Pay, But How." Harvard Business Review 68, no. 3 (May–June 1990): 138–153.
- 1983
- Chapter
Corporate Governance and 'Economic Democracy': An Attack on Freedom
By: Michael Jensen and William H. Meckling
Keywords: Corporate Governance
Jensen, Michael, and William H. Meckling. "Corporate Governance and 'Economic Democracy': An Attack on Freedom." In Corporate Governance: A Definite Exploration of the Issues, edited by C. J. Huizenga., 1983.
- 2010
- Working Paper
Just Say No to Wall Street: Putting A Stop to the Earnings Game
By: Joseph Fuller and Michael C. Jensen
Putting an end to the "earnings game" requires that CEOs reclaim the initiative by avoiding earnings guidance and managing expectations in such a way that their stocks trade reasonably close to their intrinsic value. In place of earnings forecasts, management should... View Details
Keywords: Stocks; Performance Expectations; Goals and Objectives; Risk and Uncertainty; Growth and Development Strategy; Decisions; Risk Management; Budgets and Budgeting; Earnings Management; Value; Projects
Fuller, Joseph, and Michael C. Jensen. "Just Say No to Wall Street: Putting A Stop to the Earnings Game." Harvard Business School Working Paper, No. 10-090, April 2010.
- 2010
- Working Paper
Beyond Agency Theory: The Hidden and Heretofore Inaccessible Power of Integrity (PDF file of Keynote Slides)
By: Michael C. Jensen and Werner Erhard
There is far too much concern today about the conflicts of interest between people; for example, conflicts of interest between agents and owners—historically a favorite topic of Jensen—and not enough attention paid to the damage caused by an individual's conflict of... View Details
- 2003
- Chapter
What's a Director to Do?
By: Michael C. Jensen and Joseph Fuller
Jensen, Michael C., and Joseph Fuller. "What's a Director to Do?" In Best Practice: Ideas and Insights from the World's Foremost Business Thinkers, edited by Tom Brown and Robert Heller. Cambridge, MA: Perseus Publishing, 2003.
- 1995
- Chapter
U.S. Corporate Governance: Lessons from the 1980s
By: Michael C. Jensen and Donald Chew
Jensen, Michael C., and Donald Chew. "U.S. Corporate Governance: Lessons from the 1980s." In The Portable MBA in Investment, edited by P. Bernstein. New York: John Wiley & Sons, 1995. (Abridged version published in Theory of the Firm: Governance, Residual Claims, and Organizational Forms, (Harvard University Press, 2000).)
- June 1991 (Revised November 1996)
- Supplement
Fighton, Inc. (B)
By: Michael C. Jensen and Karen Wruck
Jensen, Michael C., and Karen Wruck. "Fighton, Inc. (B)." Harvard Business School Supplement 391-265, June 1991. (Revised November 1996.)
- September 1990 (Revised November 1996)
- Case
Fighton, Inc. (A)
By: Michael C. Jensen and Karen Wruck
Jensen, Michael C., and Karen Wruck. "Fighton, Inc. (A)." Harvard Business School Case 391-056, September 1990. (Revised November 1996.)
- 01 Apr 1999
- News
New Releases
at Soldiers Field.” The chapter on Organizations and Markets (O&M) opens with an example of McArthur's ability to find innovative solutions to knotty problems. In the mid-1980s, the Dean was able to lure O&M expert Michael C. Jensen, then... View Details
Keywords: Susan Young
- 1978
- Chapter
Conflict Between the Political and Private Sectors
By: Michael Jensen and William H. Meckling