Research Summary

Organizational Change: The Market for Corporate Control and the Third Industrial Revolution

by Michael C. Jensen

Description

Michael C. Jensen is conducting research on organizational change and the corporate control market. Specifically, he is investigating the changing role of the corporation and competing organizational forms, such as leveraged buyout organizations, that are replacing the traditional corporation in many parts of the economy. His work highlights the reemergence of active investors who simultaneously hold large equity and/or debt positions and are actively involved in setting the strategic direction of the corporation. Jensen is investigating major changes in the global business environment being precipitated by technological, political, and managerial change that rivals that which occurred during the first and second industrial revolutions in England and the United States during the nineteenth century.