Business, Management and Accounting
4 years ago

Ownership Structure Impacts Managerial Behavior and Agency Costs in Firms

1 view
SSRN Electronic Journal
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
Michael C. Jensen, William H. Meckling

Paper Summary

The article explores how managers' behavior, agency costs, and ownership structure affect the functioning of firms. The researchers used a theoretical framework to analyze these factors and their impact on firm performance. The key findings suggest that managerial behavior, agency costs, and ownership structure play crucial roles in shaping how firms operate and achieve their goals.

Related papers

Economics, Econometrics and Finance
a year ago

New theory reveals who bears costs in firm ownership structure.

Monetary Models
Retirement Planning
1 view
Business, Management and Accounting
2 years ago

Dividend policies could curb agency costs, empower minority shareholders

Corporate Governance
1 view
Business, Management and Accounting
4 years ago

Ownership Structure Impacts Managerial Behavior and Agency Costs in Firms

Corporate Governance
Asset Pricing
Value-based Management
2 views