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Keyword by title : "Michael C Jensen"


• Author :_Michael C. Jensen
• Pages :_414 sheets
• ISBN-10 :_0674005643
• ISBN-13 :_9780674005648

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• Description : Michael Jensen and his collaborators present the foundations of an integrated theory of organizations. Jensen argues that the cost of transferring information makes it necessary to decentralize some decision rights in organizations and in the economy. This decentralization in turn requires organizations to solve the control problem that results when self-interested persons do not behave as perfect agents. [...] by Publisher : 'Harvard University Press'



• Author :_Michael C. Jensen
• Pages :_311 sheets
• ISBN-10 :_9780674012295
• ISBN-13 :_0674012291

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• Description : This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s. [...] by Publisher : 'Harvard University Press'



• Author :_Michael C. Jensen, Kevin J. Murphy
• Pages :_51 sheets
• ISBN-10 :_
• ISBN-13 :_OCLC:19852274

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• Description : [...] by Publisher : ''



• Author :_Michael C. Jensen
• Pages :_7 sheets
• ISBN-10 :_9781578518135
• ISBN-13 :_157851813X

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• Description : [...] by Publisher : ''



• Author :_Michael C. Jensen, Harvard Business School, Karen Christensen, Joseph L. Rotman School of Management
• Pages :_20 sheets
• ISBN-10 :_
• ISBN-13 :_OCLC:525514598

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• Description : There is confusion between integrity, morality and ethics. In our much longer paper on the topic (see "Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality" (available at http://ssrn.com/abstract=920625)) my co-authors, Werner Erhard and Steve Zaffron and I, distinguish integrity, from morality and ethics in the following way. Integrity in our model is honoring your word. As such integrity is a purely positive phenomenon. It has nothing to do with good vs. bad, right vs. wrong behavior. Like the law of gravity the law of integrity just is, and if you violate the law of integrity as we define it you get hurt just as if you try to violate the law of gravity with no safety device. The personal and organizational benefits of honoring one's word are huge--both for individuals and for organizations--and generally unappreciated. [...] by Publisher : ''



• Author :_Michael C. Jensen
• Pages :_340 sheets
• ISBN-10 :_
• ISBN-13 :_STANFORD:36105036591829

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• Description : [...] by Publisher : ''



• Author :_Scott Snook, Nitin Nohria, Rakesh Khurana
• Pages :_569 sheets
• ISBN-10 :_1412990947
• ISBN-13 :_9781412990943

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• Description : The last twenty-five years have witnessed an explosion in the field of leadership education. This volume brings together leading international scholars across disciplines to chronicle the current state of leadership education and establish a solid foundation on which to grow the field. It encourages leadership educators to explore and communicate more clearly the theoretical underpinnings and conceptual assumptions on which their approaches are based. It provides a forum for the discussion of current issues and challenges in the field and examines the above objectives within the broader perspective of rapid changes in technology, organizational structure, and diversity. [...] by Publisher : 'SAGE'



• Author :_Michael C. Jensen, Clifford W. Smith
• Pages :_773 sheets
• ISBN-10 :_
• ISBN-13 :_MINN:31951001126630N

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• Description : This book of readings is an ideal supplement for courses in the theory of finance and corporate finance policy offered in MBA and Ph.D. programs, and for advanced courses in corporate finance offered in MBA or Ph.D. programs. [...] by Publisher : 'McGraw-Hill Companies'



• Author :_Michael C. Jensen, Clifford W. Smith
• Pages :_56 sheets
• ISBN-10 :_
• ISBN-13 :_OCLC:11000566

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