Chapter | Management of Non-profit Organizations | 1994

Separation of Ownership and Control

by Michael C. Jensen and Eugene F. Fama

Keywords: Ownership; Power and Influence; Governance;


Jensen, Michael C., and Eugene F. Fama. "Separation of Ownership and Control." In Management of Non-profit Organizations, edited by S. M. Oster. Dartmouth Publishing, 1994. (Also published in Journal of Law and Economics, Vol. 26, No. 2 (June, 1983) and Michael C. Jensen, Foundations of Organizational Strategy, (Harvard University Press, 1998).)