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A Theory of the Firm: Governance, Residual Claims, and Organizational Forms
A Theory of the Firm Governance Residual Claims and Organizational Forms
Author: Michael C. Jensen
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 bears business risk and therefore they have the appropriate incentives to maximize corporate va...  more »
ISBN-13: 9780674002951
ISBN-10: 0674002954
Publication Date: 12/15/2001
Pages: 320
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Publisher: Harvard University Press
Book Type: Hardcover
Other Versions: Paperback
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