Michael C. Jensen | Academic Influence

Why Is Michael C. Jensen Influential?

According to Wikipedia, Michael Cole "Mike" Jensen is an American economist who works in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group, a strategy-consulting firm which became "Monitor Deloitte" in 2013. He holds the position of Jesse Isidor Straus Professor of Business Administration, Emeritus, at Harvard University.

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Michael C. Jensen's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE (1976) (61689)
Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers (1986) (21728)
Separation of Ownership and Control (1983) (17912)
The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993) (9068)
Performance Pay and Top Management Incentives (1990) (5777)
The Performance of Mutual Funds in the Period 1945-1964 (1967) (5274)
The Adjustment of Stock Prices to New Information (1969) (4648)
Agency Problems and Residual Claims (1983) (4525)
Value Maximization, Stakeholder Theory, and the Corporate Objective Function* (2001) (3867)
The Market for Corporate Control: The Scientific Evidence (2002) (3789)
The Capital Asset Pricing Model: Some Empirical Tests (2006) (2940)
The market for corporate control (1983) (2072)
Compensation and Incentives: Practice vs. Theory (1988) (1770)
Eclipse of the Public Corporation (1999) (1663)
Specific and General Knowledge and Organizational Structure (1995) (1475)
Some Anomalous Evidence Regarding Market Efficiency (1978) (1357)
Takeovers: Their Causes and Consequences (1988) (1260)
Risk, the Pricing of Capital Assets, and the Evaluation of Investment Portfolios (1969) (1038)
Studies in the Theory of Capital Markets. (1973) (913)
Rights and Production Functions: An Application to Labor Managed Firms and Codetermination (2000) (900)
Agency Costs of Overvalued Equity (2005) (884)
Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them (2004) (758)
Organization Theory and Methodology (1998) (724)
Performance Pay and Top-Management Incentives (1990) (674)
CEO Incentives: It's Not How Much You Pay, But How (1990) (542)
A Theory of the Firm: Governance, Residual Claims, and Organizational Forms (2001) (538)
Dialogue: Toward Superior Stakeholder Theory (2008) (464)
Organizational Forms and Investment Decisions (1985) (444)
Self Interest, Altruism, Incentives, and Agency Theory (1994) (406)
The Nature of Man (1994) (393)
Corporate Control and the Politics of Finance (1991) (392)
Random Walks and Technical Theories: Some Additional Evidence (1970) (384)
Paying People to Lie: The Truth About the Budgeting Process (2003) (378)
Science, Specific Knowledge and Total Quality Management (1994) (376)
The Distribution of Power Among Corporate Managers, Shareholders, and Directors (1988) (348)
Stockholder, Manager, and Creditor Interests: Applications of Agency Theory (1985) (343)
Capital Markets: Theory and Evidence (1972) (341)
The Takeover Controversy: Analysis and Evidence (2003) (327)
Foundations of Organizational Strategy (1998) (326)
CEO Incentives—It's Not How Much You Pay, But How* (1990) (324)
Active Investors, Lbos, and the Privatization of Bankruptcy (1989) (296)
Corporate Budgeting is Broken, Let's Fix it (2001) (259)
CEO Incentives - It's Not How Much You Pay, But How (1990) (226)
Just Say No to Wall Street: Putting a Stop to the Earnings Game (2002) (216)
The Agency Costs of Overvalued Equity and the Current State of Corporate Finance (2004) (200)
Value Maximization and the Corporate Objective Function (2000) (138)
Corporate bankruptcy: Agency costs of free cash flow, corporate finance, and takeovers (1996) (135)
Takeovers: Folklore and Science (2002) (132)
Optimal Utilization of Market Forecasts and the Evaluation of Investment Performance (2003) (125)
Management Compensation and the Managerial Labor Market (1985) (124)
SEPARATION OF OWNERSHIP AND CONTROL & AGENCY PROBLEM AND RESIDUAL CLAIMS (1983) (123)
Corporate Investment under Uncertainty and Pareto Optimality in the Capital Markets (1972) (117)
Can the Corporation Survive (1978) (117)
Just Say No To Wall Street (2002) (109)
Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality (2009) (101)
The Modern Theory of Corporate Finance (1990) (100)
Toward a Theory of the Press (1998) (92)
The Theory of Corporate Finance: A Historical Overview (2000) (91)
CEO Bonus Plans: And How to Fix Them (2011) (85)
Author-level Eigenfactor metrics: Evaluating the influence of authors, institutions, and countries within the social science research network community (2013) (83)
Risk and the Discount Rate for Public Investment (2005) (81)
Professional Forum Paying People to Lie: the Truth about the Budgeting Process (2003) (77)
The Two Key Principles Behind Effective TQM Programs (1998) (64)
Random Walks: Reality or Myth - Comment (1967) (62)
The Free Cash Flow Theory of Takeovers: A Financial Perspective on Mergers and Acquisitions and the Economy (1987) (57)
A Theory of the Firm (2003) (51)
Putting Integrity into Finance: A Purely Positive Approach (2014) (47)
Reflections on the State of Accounting Research and the Regulation of Accounting (2002) (44)
The Politics of Pay: The Unintended Consequences of Regulating Executive Compensation (2018) (43)
The Economic Case for Private Equity (and Some Concerns) -- pdf of Keynote Slides (2007) (41)
Divisional Performance Measurement (1998) (40)
What's a Director to Do? (2003) (39)
Specific Knowledge and Divisional Performance Measurement (1999) (38)
Editorial: Clinical Papers and Their Role in the Development of Financial Economics (1989) (38)
STAKEHOLDER THEORY, AND THE CORPORATE OBJECTIVE FUNCTION (2002) (37)
Creating Leaders: An Ontological/Phenomenological Model (2013) (35)
Effects of Lbos on Tax Revenues of the U.S. Treasury (1989) (32)
Integrity: Without it Nothing Works (2014) (32)
The Foundations and Current State of Capital Market Theory (2003) (28)
Reflections on the Corporation as a Social Invention (1983) (26)
Organizations and Markets at Harvard Business School, 1984-1996 (1999) (25)
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 (2002) (25)
A New Model of Leadership (2007) (23)
Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality -- Abridged (English Language Version) (2016) (20)
The Takeover Controversy (1988) (20)
Us Corporate Governance: Lessons from the 1980's (1995) (17)
Corporate Governance and 'Economic Democracy': An Attack on Freedom (1983) (14)
Foundations of Organizational Strategy: Preface and Introduction (1998) (13)
A New Paradigm of Individual, Group and Organizational Performance (2010) (13)
The economic nature of the firm: Theory of the firm: managerial behavior, agency costs, and ownership structure (2009) (12)
Putting Integrity into Finance: A Positive Approach (PDF of Keynote Slides) (2011) (11)
How Stock Options Reward Managers for Destroying Value and What to Do About it (2001) (10)
Is Leverage an Invitation to Bankruptcy (2003) (10)
Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 (2010) (9)
The Puzzling State of Low-Integrity Relations between Managers and Capital Markets (Pdf File of Slides) (2005) (9)
Creating Leaders: An Ontological Model (2010) (9)
A New Model of Integrity: An Actionable Pathway to Trust, Productivity and Value (PDF File of Keynote Slides) (2009) (9)
Course Materials For: 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' (2015) (8)
Gordon Cain and the Sterling Group (a) and (B), and Associated Videotape and Teaching Note (1992) (8)
Introductory Reading for Being a Leader and the Effective Exercise of Leadership: An Ontological Model (2010) (8)
The Efficiency of Takeovers (2003) (8)
When Unocal Won Over Pickens, Shareholders and Society Lost (1985) (7)
Analysis of Alternative Standing Doctrines (1986) (7)
Tests Of Capital Market Theory And Implications Of The Evidence (2003) (7)
The Takeover Controversy: The Restructuring of Corporate America (1987) (7)
Beyond Agency Theory: The Hidden and Heretofore Inaccessible Power of Integrity (PDF of Keynote Slides) (2012) (6)
Between Freedom and Democracy (1977) (6)
Theory of the Firm: Governance, Residual Claims and Organizational Forms (Preface and Introduction) (1999) (6)
A 'Value-Free' Approach to Values (PDF File of Powerpoint Slides) (2011) (6)
Takeovers: The Controversy and the Evidence (2002) (6)
Wisconsin Central Ltd. Railroad and Berkshire Partners (A): Leveraged Buyouts and Financial Distress, (B): LBO Associations and Corporate Governance with associated videotape and Teaching Note (1989) (6)
Author-Level Eigenfactor Metrics: Evaluating the Influence of Authors, Institutions and Countries Within the SSRN Community (2012) (5)
Capitalism Isn't Broken (2003) (5)
Course Materials for: Being a Leader and the Effective Exercise of Leadership--An Ontological Model (2009) (5)
Coordination, Control, and the Management of Organizations: Course Notes (2nd of 4 Ccmo Documents) (1999) (5)
Integridad: Un Modelo Positivo Que Incorpora Fenomenos Normativos de Moral, Etica y Legalidad - Abreviado (Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality - Abridged) (2011) (5)
RISK, THE PRICING OF CAPITAL ASSETS, AND THE EVALUATION OF INVESTMENT PORTFOLIOS* (1969) (4)
Organizational Design: Decision Rights and Incentive Contracts Where Should Decision Rights Be Lodged in Organizations? (2001) (4)
Fighton, Inc. (A) and (B), Teaching Note (1991) (4)
ECONOMICS AND ORGANIZATIONAL INNOVATION (1994) (4)
Introductory Reading For Being a Leader and The Effective Exercise of Leadership: An Ontological / Phenomenological Model (2012) (4)
A Helping Hand for Entrenched Managers (2004) (4)
Don't Freeze the Arbs Out (1986) (4)
Baylor University Roundtable on the Corporate Mission, CEO Pay, and Improving the Dialogue with Investors (2010) (4)
Chapter 3 – Specific and General Knowledge, and Organizational Structure (1996) (4)
Organizations and Markets: History and Development of the Course and the Field (1998) (4)
Discussion of Corporate Financial Reporting: A Methodological Review of Empirical Research: Comment (1982) (4)
Introductory Reading And 'Course Leadership Project' Part II For Being a Leader and The Effective Exercise of Leadership: An Ontological / Phenomenological Model (2013) (3)
Freedom, Capitalism and Human Behavior Chapter 3: Applications of the Jensen Meckling Concept of Freedom (1999) (3)
A New Model of Integrity: The Missing Factor of Production (PDF file of Keynote and PowerPoint Slides) (2010) (3)
The Ontological Laws of Human Nature: An Introduction (2007) (3)
The Logic of the First Amendment (2000) (3)
Directory of the Pre-Course Readings for the Course ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’, Texas A&M University, USA, June 2010 (2016) (2)
Freedom, Capitalism and Human Behavior Chapter 2: Human Rights and the Meaning of Freedom (1999) (2)
The Nuclear Family and Antagonism Towards Markets (1977) (2)
LBOs And The Reemergence Of Institutional Monitoring Of Managers (2005) (2)
Coordination, Control, and the Management of Organizations: Course Content and Materials (3rd of 4 Ccmo Documents) (1998) (2)
Coordination, Control, and the Management of Organizations: Complete Package of Course-Related Materials (in four documents) (1998) (2)
Creating Leaders: A New Model, An Evening with Werner Erhard and Professor Michael C. Jensen (2013) (2)
PAPERS AND PROCEEDINGS FIFTY-SECOND ANNUAL MEETING AMERICAN FINANCE ASSOCIATION (1992) (2)
Negotiation, Organizations and Markets Research Paper Series (2005) (2)
Fighton, Inc. (A) (1990) (2)
Discussion of the Time Series of Behavior of Earnings (1970) (2)
The Four Ways of Being that Create the Foundation for Great Leadership, a Great Organization, and a Great Personal Life (2013) (2)
Integrity: Where Leadership Begins - A New Model of Integrity (PDF File of PowerPoint Slides) (2007) (2)
Integrity : A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality (Abbreviated Version) (2017) (2)
Beware the Self-Serving Critics (2003) (2)
Foreword - Moral Markets: the Role of Values in Free Enterprise (2007) (2)
Creating Leaders: A Pilot Pre/Post Evaluation of an Ontological/Phenomenological Model. (2016) (2)
Introduction to Being a Leader and the Effective Exercise of Leadership: An Ontological Model (PDF File of PowerPoint Slides) (2010) (2)
Organizations and Markets: History and Development of the Ccmo Course and the Field (1st of 4 Ccmo Documents) (1997) (1)
Four Ways of Being that Create the Foundations of A Great Personal Life, Great Leadership and A Great Organization -- PDF File of Powerpoint Slides (2013) (1)
The Case Method and Science (1999) (1)
NOTE: For the Slides Used in ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’, Bermuda, October 2014, please go to the URL given in the abstract below. (2014) (1)
Coordination, Control, and the Management of Organizations: Practice Questions (4th of 4 Ccmo Documents) (1998) (1)
A New Model of Leadership (PDF File of Keynote Slides) (2007) (1)
The Sorry State of News Reporting and Why It Won't be Changed (2003) (1)
Response to Deirdre Nansen Mccloskey’s Comment On 'Putting Integrity into Finance: A Purely Positive Approach' (2017) (1)
How Bigger Dividends Build Trust (2003) (1)
The financiers: The world of the great Wall Street investment banking houses (1976) (1)
The Debasement of Contracts and the Decline of Capital Markets (2003) (1)
Temporary and Progressive Slide Deck for Course Participants in 'Being a Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model', Cancun, Mexico, December 2015 (2015) (1)
Issues and Puzzles in Performance Management (pdf file of Powerpoint Slides) (2004) (1)
The future of business and the role of business education (2012) (1)
Freedom, Capitalism and Human Behavior Chapter 1. Introduction And Overview (1999) (1)
Course Administrative Matters For 'Being a Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model' (2018) (1)
Freedom, Capitalism and Human Behavior Chapter 4: Capitalism (1999) (1)
Living with Mastery: What It Takes (PDF File of PowerPoint Slides) (2013) (1)
The Hidden and Heretofore Inaccessible Power of Integrity: A New Model (PDF of Keynote Slides) (2014) (1)
Conflicts and compromises in financial reporting . Reflections on the state of accounting research and regulation of accounting (1976) (1)
Libro De Texto y materiales del curso 'Ser Un Líder Y El Ejercicio Efectivo Del Liderazgo: Un Modelo Ontológico/Fenomenológico' (Textbook and Course Materials for the Leadership Course 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model') (2012) (1)
3. U.S. Corporate Governance: Accomplishments and Failings: A Discussion with Michael Jensen and Robert Monks (2009) (1)
The Capital Market as a Growth Engine (2003) (1)
Freedom and the Role of the Government (2003) (1)
Changes in the management structure of the JFE (1996) (1)
CREATING LEADERS WORKSHOP: Mastering the Principles and Effective Delivery of 'The Ontological Leadership Course' (PDF File of PowerPoint Slides) (2010) (1)
The Case for Restricting Access to Courts (1981) (0)
Video: The Three Foundations of A Great Life, Great Leadership, and A Great Organization (2011) (0)
Management and the Capital Markets: Issues in Managing the Tensions between Two Cultures (Pdf of Keynote Slides) (2005) (0)
The Four Foundations of a Great Personal Life, Great Leadership and a Great Organization (2013) (0)
Value Creation: Abridged (1998) (0)
Directory of the Pre-Course Readings for the Course ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’ – entrepreneurship@UBC, Canada, 2013 (2016) (0)
Directory of the Pre-Course Readings and Course Materials for the Course - 'Being a Leader and The Effective Exercise of Leadership: An Ontological/Phenomenological Model', Erasmus Academie, NL, 2009 (2016) (0)
Prediction of outcome (2004) (0)
Books Received (2004) (0)
Temporary and Progressive Slide Deck for: ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’, Abu Dhabi, UAE, October 2016. (2016) (0)
Gordon Cain and the Sterling Group Series TN (1998) (0)
Directory of the Pre-Course Assignments for the Course 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' - Dubai, January, 2015 (2016) (0)
Directory of the Pre-Course Assignments for the Course 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' - Nanyang Technological University, Singapore, July 2014 (2016) (0)
Creating Course Leaders Workshop 1: Mastering the Effective Delivery of The Slide-Deck Textbook for: 'Being A Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' (2017) (0)
The Institutional Investors’ Governance Role on Corporate Overinvestment: A Review Based on Endogeneity (2017) (0)
Wisconsin Central Ltd. Railroad and Berkshire Partners Series TN (1998) (0)
Conflict Between the Political and Private Sectors (1978) (0)
Characteristics of Targets of Hostile and Friendly Takeover: Comment (2003) (0)
A Theory of the Press: Entertainment, Bad Guys, and a Search for Certainty (2003) (0)
SUBSTANTIATION OF A COMPLIANCE CONTROL OF SOCIALLY SIGNIFICANT ORGANISATIONS ON THE INSTITUTIONAL THEORY BASIS (2017) (0)
Creating Leaders, a New Model: An Evening with Werner Erhard and Michael Jensen (PDF File of Powerpoint Slides) (2015) (0)
Beyond Agency Theory: The Power of Integrity (PDF of PowerPoint Slides) (2014) (0)
Democracy in Crisis (2019) (0)
The Structure and Governance of Enterprise (1990) (0)
Takeovers and the Business Judgment Rule (2005) (0)
A study of source credibility with emphasis on author bias (1961) (0)
Arbitrage, Information Theft, and the Mistaken Attack on Insider Trading (2003) (0)
A New View of Integrity: A Life-Changing Model (2015) (0)
Directory of the Pre-Course Readings and Course Materials for the Course ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’ – Panchgani, India, November, 2011 (2016) (0)
Directory of the Pre-Course Readings & Assignments for the Leadership Course titled 'Being a Leader and the Effective Exercise of Leadership: An Ontological / Phenomenological Model' - Clemson University, June 2016 (2016) (0)
On the Conceptual Inadequacy of the Original Cost Regulatory System (1980) (0)
Newhall Land and Farming Co. (A) (1991) (0)
Workshop Materials for: CREATING COURSE LEADERS WORKSHOP 2: Mastering the Effective Delivery Of The Slide-Deck Textbook for: 'Being A Leader And The Effective Exercise of Leadership': An Ontological / Phenomenological Model (2017) (0)
Presentation Materials for: CREATING LEADERS: A NEW MODEL (2013) (0)
The Hidden Power of Integrity and Access to Vast Increases in Performance (Video and PDF file of Keynote Slides) (2013) (0)
Integrity: Where Leadership Begins (2007) (0)
Panel on Finance and Ethics (2009) (0)
Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 1 Video 1 (2010) (0)
The Ontological Foundations of Leadership and Performance: Being a Leader, and the Effective Exercise of Leadership, A New Model (2008) (0)
Simon School Leadership Slides (2007) (0)
Directory of the Pre-Course Readings for the Course ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’ – Dartmouth Medical School, NH, USA, June, 2012 (2012) (0)
Wisconsin Central Ltd. Railroad and Berkshire Partners, Video (1990) (0)
Creating Leaders: A New Model 11 Years On (PDF File of PowerPoint Slides) (2014) (0)
CREATING COURSE LEADERS WORKSHOP 2: Mastering the Principles and Effective Delivery of The Ontological / Phenomenological Access to Leadership (2015) (0)
The Preliminary Slides for the Academy of Management Professional Development Workshop, Aug. 7, 2010 Are Posted Here. Check back for the more complete deck in a week. (2010) (0)
Author/Subject Indexes (1992) (0)
arbitrage, information theft and insider trading (2012) (0)
Students: The New Debtor Class. (1978) (0)
Academy of Management Perspectives: Showcase Symposium on Agency Theory (2012) (0)
The First and Second and Third of Nine Pre-Classroom Readings, 'Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model' (2016) (0)
NOTE: For the Slides Used in Erasmus Academie 'Being a Leader and the Effective Exercise of Leadership' Seminar, Erasmus University Rotterdam, please go to the URL given in the abstract below. (2009) (0)
Creating Leaders: An Ontological/Phenomenological Approach, An Introduction (PDF File of PowerPoint Slides) (2013) (0)
Video: Pioneers in Finance: An Interview with Michael C. Jensen - Part 2 Video 3 (2010) (0)
Promises, Conditions and Rules of the Game for ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’ (2018) (0)
Contents, Supplement 2, 1992 (1992) (0)
NOTE: For the Slides Used in ‘Being a Leader and the Effective Exercise of Leadership: An Ontological/Phenomenological Model’ entrepreneurship@UBC, University of British Columbia, Vancouver, Canada, June 2013, please go to the URL given in the abstract below. (2013) (0)
After-Work Studies Thrive. (1977) (0)
The Four Foundations of a Great Personal Life, Great Leadership, and a Great Organization (PDF File of PowerPoint and Keynote Slides) (2014) (0)
Case of the Colored Post-It Notes (1996) (0)
Regulation and Energy Poverty in the United States (2017) (0)
A Revolution Only Markets Could Love (2003) (0)

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