Details about Michael C. Jensen

This author is deceased (2024-04-03).

Access statistics for papers by Michael C. Jensen.

Last updated 2024-04-08. Update your information in the RePEc Author Service.

Short-id: pje57

Working Papers

2022

1. Single-actor scandal or multiple-actor scandal? A framework for studying scandal dynamics
   Working Papers, HAL
   Also in HEC Research Papers Series, HEC Paris (2022)

2014

2. Putting integrity Into Finance: A Purely Positive Approach
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

1988

3. COMPENSATION AND INCENTIVES: PRACTICE VS. THEORY
   Working Papers, Rochester, Business - Managerial Economics Research Center View citations (472)
4. PERFORMANCE PAY AND TOP MANAGEMENT INCENTIVES
   Working Papers, Rochester, Business - Managerial Economics Research Center View citations (9)
   See also Journal Article Performance Pay and Top-Management Incentives, Journal of Political Economy, University of Chicago Press (1990) View citations (1766) (1990)
5. THE DISTRIBUTION OF POWER AMONG CORPORATE MANAGERS, SHAREHOLDERS, AND DIRECTORS
   Working Papers, Rochester, Business - Managerial Economics Research Center View citations (77)
   See also Journal Article The distribution of power among corporate managers, shareholders, and directors, Journal of Financial Economics, Elsevier (1988) View citations (79) (1988)

Journal Articles

2023

1. When Less Is More: How Statistical Discrimination Can Decrease Predictive Accuracy
   Organization Science, 2023, 34, (4), 1383-1399

2022

2. The Paradox of Awards: How Status Ripples Affect Who Benefits from CEO Awards
   Organization Science, 2022, 33, (3), 946-968

2019

3. A Bridge Too Far: Divestiture as a Strategic Reaction to Status Inconsistency
   Management Science, 2019, 65, (2), 859-878 View citations (4)

2018

4. I can do that alone…or not? How idea generators juggle between the pros and cons of teamwork
   Strategic Management Journal, 2018, 39, (2), 458-475 View citations (11)
5. The Politics of Pay: The Unintended Consequences of Regulating Executive Compensation
   Journal of Law, Finance, and Accounting, 2018, 3, (2), 189-242 View citations (13)

2015

6. The Real Oscar Curse: The Negative Consequences of Positive Status Shifts
   Organization Science, 2015, 26, (1), 1-21 View citations (8)

2014

7. Great, Madama Butterfly Again! How Robust Market Identity Shapes Opera Repertoires
   Organization Science, 2014, 25, (1), 109-126 View citations (8)

2013

8. Author-level Eigenfactor metrics: Evaluating the influence of authors, institutions, and countries within the social science research network community
   Journal of the Association for Information Science & Technology, 2013, 64, (4), 787-801 View citations (27)
   Also in Journal of the American Society for Information Science and Technology, 2013, 64, (4), 787-801 (2013) View citations (28)

2010

9. Active Investors, LBOs, and the Privatization of Bankruptcy
   Journal of Applied Corporate Finance, 2010, 22, (1), 77-85 View citations (4)
   Also in Journal of Applied Corporate Finance, 1989, 2, (1), 35-44 (1989) View citations (66)
10. Baylor University Roundtable on The Corporate Mission, CEO Pay, and Improving the Dialogue with Investors
    Journal of Applied Corporate Finance, 2010, 22, (1), 8-31
11. CEO Incentives—It's Not How Much You Pay, But How*
    Journal of Applied Corporate Finance, 2010, 22, (1), 64-76 View citations (18)
    Also in Journal of Applied Corporate Finance, 1990, 3, (3), 36-49 (1990) View citations (150)
12. Just Say No to Wall Street: Putting a Stop to the Earnings Game
    Journal of Applied Corporate Finance, 2010, 22, (1), 59-63 View citations (17)
    Also in Journal of Applied Corporate Finance, 2002, 14, (4), 41-46 (2002) View citations (63)
13. The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
    Journal of Applied Corporate Finance, 2010, 22, (1), 43-58 View citations (18)
    Also in Journal of Finance, 1993, 48, (3), 831-80 (1993) View citations (2335)
    Journal of Applied Corporate Finance, 1994, 6, (4), 4-23 (1994) View citations (10)
14. Value Maximization, Stakeholder Theory, and the Corporate Objective Function
    Journal of Applied Corporate Finance, 2010, 22, (1), 32-42 View citations (50)
    Also in Journal of Applied Corporate Finance, 2001, 14, (3), 8-21 (2001) View citations (581)
    Business Ethics Quarterly, 2002, 12, (2), 235-256 (2002) View citations (453)
    European Financial Management, 2001, 7, (3), 297-317 (2001) View citations (575)

2009

15. Specific Knowledge and Divisional Performance Measurement
    Journal of Applied Corporate Finance, 2009, 21, (2), 49-57 View citations (5)
    Also in Journal of Applied Corporate Finance, 1999, 12, (2), 8-17 (1999) View citations (2)

2008

16. Dialogue: Toward Superior Stakeholder Theory
    Business Ethics Quarterly, 2008, 18, (2), 153-190 View citations (77)
17. Teoria da firma: comportamento dos administradores, custos de agência e estrutura de propriedade
    RAE - Revista de Administração de Empresas, 2008, 48, (2)

2005

18. Agency Costs of Overvalued Equity
    Financial Management, 2005, 34, (1) View citations (219)

2004

19. Corporate elites and corporate strategy: how demographic preferences and structural position shape the scope of the firm
    Strategic Management Journal, 2004, 25, (6), 507-524 View citations (104)
20. The Agency Costs of Overvalued Equity and the Current State of Corporate Finance
    European Financial Management, 2004, 10, (4), 549-565 View citations (50)

2003

21. Paying People to Lie: the Truth about the Budgeting Process
    European Financial Management, 2003, 9, (3), 379-406 View citations (85)
22. The Capital Market as a Growth Engine
    CESifo Forum, 2003, 4, (02), 14-28

1998

23. The Two Key Principles Behind Effective TQM Programs
    European Financial Management, 1998, 4, (3), 401-423 View citations (5)

1997

24. SCIENCE, SPECIFIC KNOWLEDGE, AND TOTAL QUALITY MANAGEMENT
    Journal of Applied Corporate Finance, 1997, 10, (2), 8-23 View citations (2)
    Also in Journal of Accounting and Economics, 1994, 18, (3), 247-287 (1994) View citations (59)

1995

25. SPECIFIC AND GENERAL KNOWLEDGE, AND ORGANIZATIONAL STRUCTURE
    Journal of Applied Corporate Finance, 1995, 8, (2), 4-18 View citations (116)

1994

26. ECONOMICS AND ORGANIZATIONAL INNOVATION
    Contemporary Economic Policy, 1994, 12, (2), 1-20
27. SELF‐INTEREST, ALTRUISM, INCENTIVES, AND AGENCY THEORY
    Journal of Applied Corporate Finance, 1994, 7, (2), 40-45 View citations (55)
28. THE NATURE OF MAN*
    Journal of Applied Corporate Finance, 1994, 7, (2), 4-19 View citations (70)

1991

29. CORPORATE CONTROL AND THE POLITICS OF FINANCE
    Journal of Applied Corporate Finance, 1991, 4, (2), 13-34 View citations (118)

1990

30. Editorial
    Journal of Financial Economics, 1990, 28, (1-2), 3-5
31. Performance Pay and Top-Management Incentives
    Journal of Political Economy, 1990, 98, (2), 225-64 View citations (1766)
    See also Working Paper PERFORMANCE PAY AND TOP MANAGEMENT INCENTIVES, Working Papers (1988) View citations (9) (1988)
32. Preface
    Journal of Financial Economics, 1990, 27, (1), 1-3
    Also in Journal of Financial Economics, 1986, 15, (1-2), 1-2 (1986)
    Journal of Financial Economics, 1983, 11, (1-4), 3-3 (1983)

1989

33. Clinical papers and their role in the development of financial economics
    Journal of Financial Economics, 1989, 24, (1), 3-6 View citations (14)

1988

34. Takeovers: Their Causes and Consequences
    Journal of Economic Perspectives, 1988, 2, (1), 21-48 View citations (362)
35. The distribution of power among corporate managers, shareholders, and directors
    Journal of Financial Economics, 1988, 20, (1-2), 3-24 View citations (79)
    See also Working Paper THE DISTRIBUTION OF POWER AMONG CORPORATE MANAGERS, SHAREHOLDERS, AND DIRECTORS, Working Papers (1988) View citations (77) (1988)

1987

36. The free cash flow theory of takeovers: a financial perspective on mergers and acquisitions and the economy
    Conference Series ; [Proceedings], 1987, 31, 102-148 View citations (6)

1986

37. Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
    American Economic Review, 1986, 76, (2), 323-29 View citations (7176)
38. Analysis of alternative standing doctrines
    International Review of Law and Economics, 1986, 6, (2), 205-216 View citations (1)

1985

39. Management compensation and the managerial labor market
    Journal of Accounting and Economics, 1985, 7, (1-3), 3-9 View citations (20)
40. Organizational forms and investment decisions
    Journal of Financial Economics, 1985, 14, (1), 101-119 View citations (123)

1983

41. Agency Problems and Residual Claims
    Journal of Law and Economics, 1983, 26, (2), 327-49 View citations (945)
42. Separation of Ownership and Control
    Journal of Law and Economics, 1983, 26, (2), 301-25 View citations (4025)
43. The market for corporate control: The scientific evidence
    Journal of Financial Economics, 1983, 11, (1-4), 5-50 View citations (987)

1979

44. Rights and Production Functions: An Application to Labor-managed Firms and Codetermination
    The Journal of Business, 1979, 52, (4), 469-506 View citations (245)

1978

45. Some anomalous evidence regarding market efficiency
    Journal of Financial Economics, 1978, 6, (2-3), 95-101 View citations (350)

1976

46. Theory of the firm: Managerial behavior, agency costs and ownership structure
    Journal of Financial Economics, 1976, 3, (4), 305-360 View citations (14618)

1972

47. Capital Markets: Theory and Evidence
    Bell Journal of Economics, 1972, 3, (2), 357-398 View citations (50)
48. Corporate Investment under Uncertainty and Pareto Optimality in the Capital Markets
    Bell Journal of Economics, 1972, 3, (1), 151-174 View citations (8)

1970

49. Random Walks and Technical Theories: Some Additional Evidence
    Journal of Finance, 1970, 25, (2), 469-82 View citations (114)

1969

50. Risk, The Pricing of Capital Assets, and the Evaluation of Investment Portfolios
    The Journal of Business, 1969, 42, (2), 167-247 View citations (179)

1968

51. THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964
    Journal of Finance, 1968, 23, (2), 389-416 View citations (984)

Chapters

2012

1. arbitrage, information theft and insider trading
   Palgrave Macmillan