A Theory Of The Firm by Michael C. Jensen
Governance, Residual Claims, and Organizational Forms
This book delves into the intricate dynamics of corporate governance, exploring how firms operate as complex entities driven by the interplay of various stakeholders, including managers, shareholders, and employees. It examines the fundamental principles that guide decision-making within firms, emphasizing the importance of aligning incentives to optimize performance and value creation. Through a blend of theoretical insights and empirical evidence, the book offers a comprehensive framework for understanding the economic and organizational factors that influence firm behavior and performance in competitive markets.
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- Published
- 1976
- Nationality
- American
- Length
- Short
- Pages
- 200-300
- Original Language
- English
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- Alternate Titles
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