Michael C. Jensen, William H. Meckling|
Journal of Financial Economics|
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
Public|
Printed: Yes
This paper seeks to develop a theory of the ownership structure of a firm by integrating agency theory, property rights theory and financial theory. The analysis of the creation and issuance of debt and equity is claimed to be a special case of the supply -side of the completeness of markets problem.
Themes
SOE Effects on Markets
Corporate Governance & Accountability Mechanisms
Region
Global
