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2015 | OriginalPaper | Chapter

Life and Legacy

Author : Colin Read

Published in: The Corporate Financiers

Publisher: Palgrave Macmillan UK

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The Agency Theory developed by Jensen and Meckling transformed how we view the corporation. Its basic conclusion is that the whole is greater than the sum of its parts. Corporations create value simply by doing what other organizations cannot do through arm’s length market transactions.

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Metadata
Title
Life and Legacy
Author
Colin Read
Copyright Year
2015
Publisher
Palgrave Macmillan UK
Book
The Corporate Financiers

Print ISBN: 978-1-349-46505-7

Electronic ISBN: 978-1-137-34128-0

Copyright Year: 2015

DOI
https://doi.org/10.1057/9781137341280_35