Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerialbehavior, agency costs and ownership structure. Journalof financial economics, 3(4), 305-360. 这篇文章是代理理论的开山之作,从经济学视角以代理成本为核心,为解决公司所有权和相关治理问题提供新思路。这篇文章的写作背景是...
heory of the firm: managerial behavior,agency costs and ownership structure 公司的理念:管理行为、代理成本和所有权结构
企业理论的管理行为、代理成本、产权结构
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 ...
Theory of the firm:Managerial behavior,Agency cost and Ownership structure (企业理论:管理行为、代理成本 与所有权结构) Michael C.JENSEN and William H.MECKLING 1 Michael C. Jensen 他是横跨经济学和公司财务与治理两 大领域的大师。 主要贡献: 他对财务学界最大的贡献在于将代理问 题引入对公司...
企业理论：管理行为、代理成本与企业所有权结构理论：管理行为、代理成本与股权结构
系统标签: agency firm costs managerial theory behavior TheoryoftheFirm:ManagerialBehavior,AgencyCostsandOwnershipStructureJensen,M.andMeckling,W.1976.JournalofFinancialEconomicsIshvaMinefeeSeptember25,2012OverviewofPresentationStudy’sMotivationLiteratureBackgroundNotionsofthe‘Firm’AgencyCostsScenarios:OutsideEquity...
TheoryoftheFirmManagerialBehavior,Agency CostsandOwnershipStructure TheoryoftheFirm:ManagerialBehavior,AgencyCostsandOwnership StructureMichaelC.JensenHarvardBusinessSchoolandWilliamH. MecklingUniversityofRochesterAbstractThispaperintegrateselements fromthetheoryofagency,thetheoryofpropertyrightsandthetheory offinancetodevelo...
《Theory of the Firm: Managerial Behavior,Agency Costs and Ownership Structure》读书笔记 会计10班 张舟 2011201050222 本文继承综合并发展了科斯的交易成本,德姆塞茨的监督成本,将研究的重点聚焦于企业的所有权与经营权分离所产生的代理成本,并分析了为何企业会运用债权和外部股权进行筹资、债权和外部股权的不同激励效...
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 rights, (2)...