The takeover boom of the 1980s challenged entrenched corporate management, who since the 1930s held the reins of corporate decision-making, often at the expense of shareholder interests. The effect was to transfer control over vast corporate resources to smaller, more focused and in many cases...

In the introduction to the Summer 2020 issue of the Journal of Applied Corporate Finance, editor Don Chew pays tribute to Michael C. Jensen, Harvard Business School professor emeritus and co-founder of SSRN. This issue of the JACF focuses on the subject of "Private Equity and Public Companies"...