Michael C. Jensen_迈克.詹森 发表评论(0) 编辑词条

迈克.詹森 是哈弗大学教授，资本结构代理理论是他提出的，他目前的研究兴趣主要是代理理论、激励、报酬、领导力、私人股权等。
Books
Jensen, Michael C. Theory of the Firm: Governance, Residual Claims, and Organizational Forms. Cambridge: Harvard University Press, 2000.

Jensen, Michael C. Foundations of Organizational Strategy. Cambridge: Harvard University Press, 1998.

Jensen, Michael C., and Clifford H. Smith Jr., eds. The Modern Theory of Corporate Finance. McGraw Hill, 1984.

Jensen, Michael C., and William H. Meckling. Democracy in Crisis. manuscript 1977.

Jensen, M. C., ed. Studies in the Theory of Capital Markets. New York: Praeger Publishers, 1972.

Published Papers
Jensen, M. C., and Joseph Fuller. "Just Say No to Wall Street: Courageous CEOs Are Putting a Stop to the Earnings Game and We Will All Be Better Off for It." Journal of Applied Corporate Finance 14, no. 4 (winter 2002): 41-46. (Excerpts of this article can be found in the Wall Street Journal, "Manager's Journal" column as "Dare To Keep Your Stock Price Low," 12/31/01, and in the Financial Times, as "End the Myth-Making and Return to True Analysis," 1/22/02.)

Jensen, M. C. "Corporate Budgeting Is Broken, Let's Fix It." Harvard Business Review 79, no. 10 (November 2001). (This paper is an executive summary of the following: "Paying People to Lie: The Truth About the Budgeting Process," Harvard NOM Research Paper No. 01-01, and HBS Working Paper No. 01-072 (April 2001).)

Jensen, M. C. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems." Journal of Applied Corporate Finance 6, no. 4 (winter 1994). (Reprinted in the JACF, (winter 1994); Finanzmarkt und Portfolio Management, (January 1993); and Jensen, Theory of the Firm, (HUP, 2000) & abridged version forthcoming in Management Revolution. . ., (HUP, 2001).)

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).)

Jensen, Michael C. "Self-interest, Altruism, Incentives, and Agency Theory." Journal of Applied Corporate Finance 7, no. 2 (summer 1994): 40-45. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)

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).)

Jensen, M. C. "Corporate Control and the Politics of Finance." Journal of Applied Corporate Finance 4, no. 2 (summer 1991): 13-33. (Abridged version forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, (Harvard University Press, Forthcoming 2001).)

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.

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.)

Jensen, M. C. "Is Leverage an Invitation to Bankruptcy?" The Wall Street Journal, February 1, 1989, A14.

Baker, George P., Michael C. Jensen, and Kevin J. Murphy. "Compensation and Incentives: Practice vs. Theory." Journal of Finance 63, no. 3 (July 1988): 593-616. (Reprinted in Michael C. Jensen, Foundations of Organizational Strategy, Harvard University Press, 1998.)

Jensen, M. C., and R. S. Ruback. "The Market for Corporate Control: The Scientific Evidence." Journal of Financial Economics 11, nos. 1-4 (April 1983): 5-50. (Reprinted in The Modern Theory of Corporate Finance, edited by M.C. Jensen and C. W. Smith. New York: McGraw-Hill Book Company, 1984.)

Book Chapters
Jensen, Michael C., and Joseph Fuller. "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. Cambridge, Mass.: Perseus Publishing, 2003.

Jensen, Michael. "Value Maximization and the Corporate Objective Function." In Breaking the Code of Change, edited by Michael Beer and N. Nohria. Boston, Mass.: 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.)

Baker, George P., Michael C. Jensen, Carliss Y. Baldwin, and Karen H. Wruck. "Organizations and Markets at Harvard Business School, 1984-1996." In The Intellectual Venture Capitalist: John H. McArthur and the Work of the Harvard Business School, 1980-1995, edited by T. K. McCraw and J. L. Cruikshank. Boston: Harvard Business School Press, 1999.

Jensen, Michael. "Divisional Performance Measurement." In Foundations of Organizational Strategy, edited by M. C. Jensen, 345-361. Cambridge, Mass.: Harvard University Press, 1998.

Jensen, Michael C., and Donald Chew. "U.S. Corporate Governance: Lessons from the 1980s." In The Portable MBA in Investment, edited by P. Bernstein. New York: Wiley, 1995. (Abridged version published in Theory of the Firm: Governance, Residual Claims, and Organizational Forms, (Harvard University Press, 2000).)

Jensen, Michael C. "Takeovers: Their Causes and Consequences." In Readings in Mergers and Acquisitions, edited by P. A. Gaughan. Cambridge, Mass.: Basil Blackwell Publishers, 1994. (Also published in Journal of Economic Perspectives, Vol. 2, No. 1 (winter 1988); an abridged version forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, (Harvard University Press).)

Jensen, Michael. "The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers." In Management Buy-Outs, edited by Mike Wright and Keith Bradley, series editor, pp. 3-9. Part of International Library of Management series. England and Vermont: Dartmouth Publishing, 1994. (Also in AER, Vol. 76, No. 2 (May, 1986); abridged in Simon Management Rev, (Win, 1986); & forthcoming in Jensen, Management Revolution: The Legacy of the Market for Corporate Control, Harvard University Press.)

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).)

Fama, Eugene F., Lawrence Fisher, Michael C. Jensen, and Richard J. Roll. "The Adjustment of Stock Prices to New Information." In Strategic Issues in Finance, edited by Keith Wand. Butterworth Heinemann, 1993. (Previously published in International Economic Review, Vol. 10 (Feb. 1969) and Investment Management: Some Readings, J. Lorie and R. Brealey, Eds (Praeger Publishers, 1972).)

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.: Basil Blackwell Publishers, 1992. (Reprinted in Journal of Applied Corporate Finance, (Fall 1995) and Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)

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, Ltd., 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.)

Jensen, Michael C. "Eclipse of the Public Corporation." In The Law of Mergers, Acquisitions, and Reorganizations, edited by D. A. Oesterle. St. Paul, Minn.: West, 1991. (Forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, (Harvard University Press).)

Jensen, Michael C., Laura Stiglin, and Steven N. Kaplan. "Effects of LBOs on Tax Revenues of the U.S. Treasury." In The Law of Mergers, Acquisitions, and Reorganizations, edited by D. A. Oesterle. St. Paul, Minn.: West, 1991. (Forthcoming in Management Revolution: The Legacy of the Market for Corporate Control, Harvard University Press.)

Jensen, Michael C. "LBOs and the Reemergence of Institutional Monitoring of Managers." In Leveraged Management Buyouts: Causes and Consequences, edited by Yakov Amihud, pp. 263-268. Homewood, Ill.: Dow Jones Irwin, 1989.

Jensen, Michael. Comment on "Characteristics of Hostile and Friendly Takeover Targets [pdf]." Proceedings of Conference on Corporate Takeovers: Causes and Consequences, edited by Alan Auerbach. University of Chicago Press, 1988.

Jensen, Michael. "The Takeover Controversy: Analysis and Evidence." In Knights, Raiders and Targets: The Impact of the Hostile Takeover, edited by John Coffee and Susan Rose-Ackerman. Oxford University Press, 1988. (Also in Midland Corporate Finance Journal, summer 1986; Stern, Stewart, & Chew, eds., Corporate Restructuring & Executive Compensation, Ballinger Pub, 1989; forthcoming in Jensen, Management Revolution, Harvard University Press.)

Jensen, Michael. "Takeovers: The Controversy and the Evidence." In Proceedings of the William G. Karnes Symposium on Mergers and Acquisitions. University of Illinois: Bureau of Economic and Business Research, 1986.

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, Ill.: Richard D. Irwin, 1985. (Reprinted in Theory of the Firm: Governance, Residual Claims, and Organizational Forms, (Harvard University Press, 2000).)

Jensen, Michael. Comment on "Capital Structure Change and Decreases in Stockholders' Wealth." National Bureau of Economic Research Proceedings of Conference on Corporate Capital Structures in the United States. University of Chicago Press, 1984.

Jensen, Michael, and Clifford W. Smith Jr. "The Theory of Corporate Finance: A Historical Overview." In The Modern Theory of Corporate Finance, edited by Michael C. Jensen and Clifford W. Smith Jr., pp. 2-20. N.Y.: McGraw-Hill Book Company, 1984.

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 W. Smith Jr. N.Y.: McGraw-Hill Book Company, 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.)

Jensen, Michael, and William H. Meckling. "Corporate Governance and 'Economic Democracy': An Attack on Freedom." In Corporate Governance: A Definite Exploration of the Issues, edited by C. J. Huizenga., 1983.

Jensen, Michael C., and William H. Meckling. "Reflections on the Corporation as a Social Invention." In Controlling the Giant Corporation: A Symposium. Rochester, N.Y.: Center for Research in Government Policy and Business, Graduate School of Management, University of Rochester, 1982. (Reprinted in the Midland Corporate Finance Journal, Vol. 1, No. 3 (autumn 1983); reprinted in International Institute for Economic Research Reprint Paper 18 (November 1983).)

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).)

Jensen, Michael C. "Toward a Theory of the Press." In Economics and Social Institutions, edited by Karl Brunner. Martinus Nijhoff Publishing Company, 1979.

Jensen, Michael, and William H. Meckling. "Conflict Between the Political and Private Sectors." In Study of World Economic Change. Booz Allen Hamilton, 1978.

Jensen, Michael C. "The Debasement of Contracts and the Decline of Capital Markets." In The World Capital Shortage, edited by Alan Heslop. Indianapolis, Ind.: Bobbs-Merrill Co., Inc., 1977.

Jensen, Michael. "Reflections on the State of Accounting Research and the Regulation of Accounting." In Stanford Lectures in Accounting. Palo Alto, Calif.: Graduate School of Business, Stanford University, 1976.

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).)

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. Praeger Publishers, 1972.

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. Praeger Publishers, 1972.

Jensen, Michael C. "The Foundation and Current State of Capital Market Theory." In Studies in the Theory of Capital Markets, edited by M. C. Jensen. Praeger Publishers, 1972.

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.

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 Publishers, 1972. (Previously published in Journal of Finance (May, 1968).)

Jensen, Michael. "Risk, the Pricing of Capital Assets, and the Evaluation of Investment Portfolios." In Frontiers of Investment Analysis, edited by E. Bruce Fredrikson. International Textbook Company, 1971. (Previously published in Journal of Business, Vol. 42 (April, 1969).)

Jensen, Michael. "The Time Series Behavior of Earnings: Discussion." In Empirical Research in Accounting: Selected Studies, The Institute of Professional Accounting, Graduate School of Business, University of Chicago, 1970.

Jensen, Michael. "Determinants of Mutual Fund Performance." In Proceedings of the Seminar on the Analysis of Security Prices, University of Chicago Press, 1967.

Other Papers
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. Abstract