Frontmatter -- Contents -- Preface -- Introduction -- I Corporate Governance and the Market for Corporate Control -- 1 U.S. Corporate Governance: Lessons from the 1980s -- 2 The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems -- 3 Active Investors, LBOs, and the...

There is far too much concern today about the conflicts of interest between people; for example, agency theory (the conflicts of interest between agents and owners) -- a favorite topic of Jensen -- and not enough attention paid to the damage caused by an individual's conflict of interest with...

This book contains eight articles written (six with co-authors who are noted at the beginning of the relevant chapters) over the past 30 years addressing various aspects of the Theory of the Firm. These articles emanated from our desire to understand more thoroughly the forces pushing firms to...