Article | Journal of Applied Corporate Finance | winter 1994

The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems

by M. C. Jensen

Keywords: System; Failure;

Citation:

Jensen, M. C. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems." Journal of Applied Corporate Finance 6, no. 4 (winter 1994). (Reprinted in the JACF, (winter 1994); Finanzmarkt und Portfolio Management, (January 1993); and Jensen, Theory of the Firm, (HUP, 2000) & abridged version forthcoming in Management Revolution. . ., (HUP, 2001).)