Other Unpublished Work | 2011

Pioneers in Finance: An Interview with Michael C. Jensen - Part 1

by Michael C. Jensen and Ralph A. Walkling

Abstract

This interview is first of a two-part series in which Professor Ralph Walkling, the Stratakis Chair in Corporate Governance and Executive Director of the Center for Corporate Governance at Drexel University, interviews Professor Michael C. Jensen, Jesse Isidor Straus Professor of Business Administration, Emeritus, of the Harvard Business School, on topics ranging from his early work to current research. The transcript covers what led to his agency theory and corporate governance work, and the resistance he experienced in getting this early work published. Additionally, Professor Jensen reflects on the evolution in the market for corporate control over the past 20 years and discusses topical issues regarding the financial crisis, boards of directors, governance, and compensation.

Keywords: Corporate Governance; Governing and Advisory Boards; Research; Financial Crisis; Compensation and Benefits; Agency Theory;

Citation:

Jensen, Michael C., and Ralph A. Walkling. "Pioneers in Finance: An Interview with Michael C. Jensen - Part 1." December 2011. (Barbados Group Working Paper No. 10-12, Harvard Business School NOM Unit Working Paper No. 11-045.)