1、3-Theory of the Firm1Neoclassical Theory of the FirmThe traditional approach in microeconomics is to define a firm by its productive activities. A firm is defined by a set of feasible production plans completely described by a production function. The assumed objective is profit maximization, ...
Y W. H. MECKING (1976): "Theory of the firm: managerial behavior, agency cost and ownership structure", Journal of Financial Economics, nº 3, pags. 305-360.Jensen, M. and W. Meckling (1976), " Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" , ...
TheoryoftheFirm:ManagerialBehavior,AgencyCostsand OwnershipStructure MichaelC.JensenHarvardBusinessSchoolandWilliamH. Meckling*UniversityofRochester 1.Introduction 1.1.MotivationofthePaper Inthispaperwedrawonrecentprogressinthetheoryof(1)propertyrights,(2) agency,and(3)financetodevelopatheoryofownershipstructurefor...
The theory of the firm in traditional economics is a ‘building block’ in understanding resource allocation processes at the level of themarket.To facilitate market analysis, certain simplifying assumptions are made about firms: that all firms are‘the same‘, operating with identical cost structures...
( 1976 ), “ The theory of the firm: managerial behaviour, agency costs and ownership structure ”, Journal of Financial Economics , Vol. 3, pp. ... B Lauterbach,A Vaninsky - 《Journal of Management & Governance》 被引量: 201发表: 1999年 Towards a contingency theory of collaborative pla...
aJensen, M., Meckling, W., 1976. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics 3, 305–360. jensen, M., Meckling, W. 1976年。 企业的理论: 管理行为、代办处费用和归属结构。 财政经济3, 305-360学报。[translate]...
Jensen Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure Michael C. Jensen Harvard Business School and William H. Meckling* University of Rochester 1. Introduction 1.1. Motivation of the Paper In this paper we draw on recent progress in the theory of (1) property ...
TheoryoftheFirm:ManagerialBehavior,AgencyCostsandOwnershipStructureJensen,M.andMeckling,W.1976.JournalofFinancialEconomicsIshvaMinefeeSeptember25,2012OverviewofPresentationStudy’sMotivationLiteratureBackgroundNotionsofthe‘Firm’AgencyCostsScenarios:OutsideEquityandDebtTheoryofCorporateOwnershipStructureExtensionofthe...
内容提示: Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure Michael C. Jensen Harvard Business School MJensen@hbs.edu And William H. Meckling University of Rochester Abstract This paper integrates elements from the theory of agency, the theory of property rights and the...
aJensen, M., Meckling, W., 1976. Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics 3, 305–360. jensen, M., Meckling, W. 1976年。 企业的理论: 管理行为、代办处费用和归属结构。 财政经济3, 305-360学报。[translate]...