Jensen Michael C.
|Образование||бакалавр: Economics [Macalester College, 1962]
магистр: Finance [University of Chicago, 1964]
PhD: Economics, Finance, and Accounting [University of Chicago, 1968]
|Место работы||Harvard University / Jesse Isidor Straus Professor of Business Administration, Emeritus|
Michael C. Jensen's research is aimed at obtaining a clearer understanding of how the 'organizational rules of the game' affect a manager's ability to accomplish his or her goals and how the rules can be structured to resolve problems and increase productivity. His analysis of centralization, decentralization, transfer pricing, and choices among profit, cost, and budget centers emphasizes the importance of people as self-interested individuals with conflicting goals and the exacerbation or amelioration of these conflicts by the organizational rules of the game.
Список публикаций можно посмотреть здесь
Публикации на портале:
- A Theory of the Firm: Governance, Residual Claims, and Organizational Forms. Авт. Jensen Michael C.. Cambridge: Harvard University Press, 2000.
- Foundations of Organizational Strategy. Авт. Jensen Michael C.. Cambridge: Harvard University Press, 2001.
Jensen M.C., Murphy K.J. Performance Pay and Top-Management Incentives
// Journal of Political Economy.
Fama E.F., Lawrence Fisher, Jensen M.C., Richard Roll The Adjustment of Stock Prices to New Information,
// International Economic Review.
Jensen M.C., Meckling W.H. Theory of the firm: Managerial behavior, agency costs and ownership structure
// Journal of Financial Economics.
Graduate School of Business Administration
Baker Library 265
Professor Jensen founded the Journal of Financial Economics, one of the top two scientific journals in financial economics, in 1973, serving as Managing Editor from 1987 to 1997, when he became Founding Editor. From 1992 through 1998 he served on the steering committee of the Mind Brain Behavior Initiative at Harvard University (a Harvard interfaculty effort to bring together a wide range of scholars interested in understanding the limitations of the human brain and its role in generating counter-productive human behavior). In 1994 he co-founded and is Chairman of Social Science Electronic Publishing, Inc. which is devoted to the electronic publication of scientific work.
Dr. Jensen was elected to the American Academy of Arts and Sciences in 1996. In 1990, he was named "Scholar of the Year" by the Eastern Finance Association and one of the "Year's 25 Most Fascinating Business People" by Fortune magazine. He received a 1989 McKinsey Award for his paper "Eclipse of the Public Corporation," and was awarded the Joseph Coolidge Shaw, S.J. Medal by Boston College in 1984. Dr. Jensen was also awarded (with William Meckling) the Graham and Dodd Plaque given by the Financial Analysts Federation in May, 1979 for their paper "Can the Corporation Survive?" Dr. Jensen and his co-author, William Meckling, received the first Leo Melamed Prize for outstanding scholarship by business school teachers from the University of Chicago's Graduate School of Business in March, 1979 for their paper, "Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure." In 1984, this paper was identified as one of the most cited items in its field and named a Citation Classic by the Institute for Scientific Information.
Dr. Jensen has served as consultant to various corporations, foundations and governmental agencies and has given expert testimony before congressional and state committees and state and federal courts. He has lectured widely at seminars, meetings, conventions and educational institutions. He is Past President of the American Finance Association and the Western Economic Association International.
American Economic Review. 1958. Vol. 48. No. 3. P. 261-297.
Corporate Governance: An International Review. 2005. Vol. 13. No. 3. P. 386 - 396.
Journal of Financial Economics. 1974. Vol. 4. No. 1. P. 337-52 .
Journal of Financial Economics. 2003. Vol. 40. No. 2. P. 185-211.
Juergen Daums Website (The Competence Center for Enterprise Management, Leadership and Business Control)