Article citationsMore >> Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Cost and Ownership Structure.Journal of Financial Economics, 305-360. has been cited by the following article: Article ...
The objective of this paper is to highlight the interaction of the board with other internal governance mechanisms such as ownership structure, the quality of financial reporting and the cost of debt. The relationship between the ownership structure and the quality of financial information on the on...
His 1976 Journal of Financial Economics paper with William Meckling, “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure” is a seminal piece (130,867 Google citations). It set the bar for the extensive literature on agency theory. 他的研究贡献使他跻身金融和经济学...
Jensen and Meckling (1976): (a) define the concept of agency costs, and show its relationship to the “separation and control” issue; (b) investigate the nature of the agency costs generated by the existence of debt and outside equity; and (c) demonstrate who bears these costs and why....