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- All HBS Web (138)
- Faculty Publications (90)
Show Results For
- All HBS Web (138)
- Faculty Publications (90)
- 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.)
- 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.
- 1972
- Chapter
Random Walks and Technical Theories: Some Additional Evidence
By: George A. Benington and Michael C. Jensen
Keywords: Mathematical Methods
Benington, George A., and Michael C. Jensen. "Random Walks and Technical Theories: Some Additional Evidence." In Security Evaluation and Portfolio Analysis, edited by E. Elton and M. Gruber. Prentice Hall, 1972. (Also published in Journal of Finance (May 1970) and Investment Management: Some Readings, J. Lorie and R. Brealey, Editors (Praeger Publishers, 1972).)
- 2003
- Chapter
What's a Director to Do?
By: Joseph B. Fuller and Michael C. Jensen
Fuller, Joseph B., and Michael C. Jensen. "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, 243–250. Basic Books, 2003.
- 1992
- Chapter
Specific and General Knowledge and Organizational Structure
By: Michael C. Jensen and William H. Meckling
Jensen, Michael C., and William H. Meckling. "Specific and General Knowledge and Organizational Structure." In Contract Economics, edited by L. Werin and H. Wijkander. Oxford, U.K.: Blackwell Publishers, 1992. (Reprinted in Journal of Applied Corporate Finance, (Fall 1995) and Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)
- 2010
- Working Paper
A New Model of Leadership (PDF File of Keynote Slides)
By: Michael C. Jensen and Allan L. Scherr
In this paper we provide a new definition of leadership that gives organizations and individuals access to new power, performance and accomplishment. In our model leadership consists of four critical elements The creation of a vision for the future that represents a... View Details
- November 1994
- Article
Science, Specific Knowledge, and Total Quality Management
By: Karen H. Wruck and Michael C. Jensen
Wruck, Karen H., and Michael C. Jensen. "Science, Specific Knowledge, and Total Quality Management." Journal of Accounting & Economics 18, no. 3 (November 1994): 247–287. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)
- April 1990
- Article
Performance Pay and Top Management Incentives
By: Michael C. Jensen and Kevin J. Murphy
Jensen, Michael C., and Kevin J. Murphy. "Performance Pay and Top Management Incentives." Journal of Political Economy 98, no. 2 (April 1990): 225–265. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, Harvard University Press, 1998.)
- 1972
- Chapter
Risk and the Discount Rate for Public Investment
By: Michael C. Jensen and Martin J. Bailey
Jensen, Michael C., and Martin J. Bailey. "Risk and the Discount Rate for Public Investment." In Studies in the Theory of Capital Markets, edited by M. C. Jensen. New York: Praeger, 1972.
- 1985
- Chapter
Stockholder, Manager, and Creditor Interests: Applications of Agency Theory
By: Michael Jensen and Clifford W. Smith Jr.
Keywords: Agency Theory; Business and Shareholder Relations; Financing and Loans; Credit; Borrowing and Debt
Jensen, Michael, and Clifford W. Smith Jr. "Stockholder, Manager, and Creditor Interests: Applications of Agency Theory." In Recent Advances in Corporate Finance, edited by E. I. Altman and M. G. Subrahmanyam. Homewood, IL: Richard D. Irwin, 1985. (Reprinted in Theory of the Firm: Governance, Residual Claims, and Organizational Forms, (Harvard University Press, 2000).)
- October 1990
- Article
The Structure and Governance of Enterprise
By: Michael C. Jensen and Richard S. Ruback
Jensen, Michael C., and Richard S. Ruback. "The Structure and Governance of Enterprise.", edited by Michael C. Jensen and Richard S. Ruback. Journal of Financial Economics 27, no. 2 (October 1990).
- 1994
- Chapter
Separation of Ownership and Control
By: Michael C. Jensen and Eugene F. Fama
Jensen, Michael C., and Eugene F. Fama. "Separation of Ownership and Control." In Management of Non-profit Organizations, edited by S. M. Oster. Dartmouth Publishing, 1994. (Also published in Journal of Law and Economics, Vol. 26, No. 2 (June, 1983) and Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)
- 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
Jensen, Michael C., and William H. Meckling. "Specific Knowledge and Divisional Performance Measurement." Harvard Business School Working Paper, No. 10-025, September 2009.
- summer 1994
- Journal Article
The Nature of Man
By: Michael C. Jensen and William H. Meckling
Jensen, Michael C., and William H. Meckling. "The Nature of Man." Journal of Applied Corporate Finance 7, no. 2 (summer 1994): 4–19. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)
- 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.
- November 1991
- Case
Newhall Land and Farming Co. (B)
By: James I. Cash Jr. and Michael C. Jensen
Keywords: Agriculture and Agribusiness Industry
Cash, James I., Jr., and Michael C. Jensen. "Newhall Land and Farming Co. (B)." Harvard Business School Case 192-050, November 1991.
- 1984
- Book
The Modern Theory of Corporate Finance
By: Michael C. Jensen and Clifford H. Smith Jr.
Keywords: Corporate Finance
Jensen, Michael C. and Clifford H. Smith Jr., eds. The Modern Theory of Corporate Finance. McGraw-Hill, 1984.
- 2010
- Working Paper
Creating Leaders: An Ontological Model
By: Werner Erhard, Michael C. Jensen and Kari L. Granger
The sole objective of our ontological approach to creating leaders is to leave students actually being leaders and exercising leadership effectively as their natural self-expression. By "natural self-expression" we mean a way of being and acting in any leadership... View Details