Research Summary
Research Summary
Organizational Change: The Market for Corporate Control and the Third Industrial Revolution
Description
Michael C. Jensen is conducting research on organizational change
and the corporate control market. Specifically, he is investigating the
changing role of the corporation and competing organizational forms,
such as leveraged buyout organizations, that are replacing the
traditional corporation in many parts of the economy. His work
highlights the reemergence of active investors who simultaneously hold
large equity and/or debt positions and are actively involved in setting
the strategic direction of the corporation. Jensen is investigating
major changes in the global business environment being precipitated by
technological, political, and managerial change that rivals that which
occurred during the first and second industrial revolutions in England
and the United States during the nineteenth century.