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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 value. Assigni...  more »
ISBN-13: 9780674012295
ISBN-10: 0674012291
Publication Date: 9/30/2003
Pages: 323
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Publisher: Harvard University Press
Book Type: Paperback
Other Versions: Hardcover
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