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- All HBS Web (137)
- Faculty Publications (89)
Show Results For
- All HBS Web (137)
- Faculty Publications (89)
- 1972
- Chapter
The Capital Asset Pricing Model: Some Empirical Tests
By: Fischer Black, Michael C. Jensen and Myron Scholes
Black, Fischer, Michael C. Jensen, and Myron Scholes. "The Capital Asset Pricing Model: Some Empirical Tests." In Studies in the Theory of Capital Markets, edited by M. C. Jensen. New York: Praeger, 1972.
- 1984
- Chapter
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
By: Michael Jensen and William H. Meckling
Jensen, Michael, and William H. Meckling. "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure." In The Modern Theory of Corporate Finance, edited by Michael C. Jensen and Clifford H. Smith Jr.. McGraw-Hill, 1984. (Also in Economics of Corporation Law & Securities Regulation, Posner & Scott, Eds, (Little Brown,1980); Jensen, Foundations of Organizational Strategy, (HUP, 1998); & Theory of the Firm. . . (HUP, 2000) and JFE.)
- 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...
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Keywords:
Trust;
Performance Productivity;
Information Technology;
Knowledge;
Moral Sensibility;
Opportunities;
Competitive Advantage;
Legal Liability;
Cost vs Benefits
Erhard, Werner H., Michael C. Jensen, and Steve Zaffron. "Integrity: A Positive Model That Incorporates the Normative Phenomena of Morality, Ethics, and Legality Abridged." Harvard Business School Working Paper, No. 10-061, February 2010.
- 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...
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- Web
Entrepreneurial Management Awards & Honors - Faculty & Research
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 Gornall, Steven N. Kaplan, and Ilya A. Strebulaev. William R. Kerr:...
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- 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...
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- 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...
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- 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,...
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by Jim Heskett
- 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...
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Keywords:
Susan Young
- 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...
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- 1988
- Comment
Characteristics of Hostile and Friendly Takeover Targets
By: Michael Jensen
Keywords:
Acquisition
- 1980
- Chapter
Tests of Capital Market Theory and Implications of the Evidence
By: Michael Jensen
Jensen, Michael. "Tests of Capital Market Theory and Implications of the Evidence." In Handbook of Financial Economics, edited by J. L. Bicksler. North-Holland Publishing Company, 1980. (Originally published in Is Financial Analysis Useless? Proceedings of a Seminar on the Efficient Market and Random Walk Hypotheses (The Financial Analysts Research Foundation, 1975).)
- 2000
- Chapter
Value Maximization and the Corporate Objective Function
By: Michael Jensen
Keywords:
Value Creation
Jensen, Michael. "Value Maximization and the Corporate Objective Function." In Breaking the Code of Change, edited by Michael Beer and Nitin Nohria. Boston: Harvard Business School Press, 2000. (Forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, Harvard University Press. Reprinted in Business Ethics Quarterly, v 12, No 1, 2001, & European Financial Management, v.7, no.3, September 2001.)
- 1972
- Chapter
Optimal Utilization of Market Forecasts and the Evaluation of Portfolio Performance
By: Michael Jensen
Keywords:
Investment Portfolio;
Financial Markets;
Forecasting and Prediction;
Performance Evaluation
Jensen, Michael. "Optimal Utilization of Market Forecasts and the Evaluation of Portfolio Performance." In Mathematical Methods in Finance, edited by G. P. Szego and Karl Shell. North-Holland Publishing Company, 1972.
- 1992
- Chapter
Arbitrage, Information Theft, and Insider Trading
By: Michael Jensen
Jensen, Michael. "Arbitrage, Information Theft, and Insider Trading." In New Palgrave Dictionary of Money and Finance, edited by Peter Newman, Murray Milgate, and John Eatwell. London: Macmillan Press, 1992. (Earlier version, Arbitrage, Information Theft, and the Mistaken Attack On Insider Trading, published in "Chief Financial Officer U.S.A.", John Thackray, ed. (Sterling Publications, London: 1988), pp. 114-115.)
- 1972
- Chapter
The Performance of Mutual Funds in the Period 1945-1964
By: Michael Jensen
Jensen, Michael. "The Performance of Mutual Funds in the Period 1945-1964." In Investment Management: Some Readings, edited by J. Lorie and R. Brealey. Praeger, 1972. (Previously published in Journal of Finance (May, 1968))
- 1998
- Chapter
Divisional Performance Measurement
By: Michael Jensen
Jensen, Michael. "Divisional Performance Measurement." In Foundations of Organizational Strategy, by Michael C. Jensen, 345–361. Cambridge: Harvard University Press, 1998.
- 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...
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