International Journal

Theory of the firm: Managerial behavior, agency costs and ownership structure

Authors

Michael C. Jensen, William H. Meckling

Journal

Journal of Financial Economics

Year Published

1976

Publisher

Elsevier BV

Citations

72507 citations

Type

Article

Language

EN

Topics & Concepts

Agency cost (0.65) Principal–agent problem (0.63) Equity (law) (0.56) Debt (0.55) Economics (0.50)

Abstract

Theory of the firm: Managerial behavior, agency costs and ownership structure - Full text available via OpenAlex

Author Details

Michael C. Jensen

ORCID

William H. Meckling

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