The Agency Costs of Overvalued Equity and the Current State of Corporate Finance

Abstract

European Financial ManagementVolume 10, Issue 4 p. 549-565 The Agency Costs of Overvalued Equity and the Current State of Corporate Finance Michael C. Jensen, Michael C. Jensen Jesse Isidor Professor of Business Administration, Emeritus, Harvard Business School and Managing Director, Organizational Strategy Practice, The Monitor Group. e-mail: Mjensen@hbs.eduSearch for more papers by this author Michael C. Jensen, Michael C. Jensen Jesse Isidor Professor of Business Administration, Emeritus, Harvard Business School and Managing Director, Organizational Strategy Practice, The Monitor Group. e-mail: Mjensen@hbs.eduSearch for more papers by this author First published: 12 November 2004 https://doi.org/10.1111/j.1354-7798.2004.00265.xCitations: 98 Keynote Address to the 2002 European Financial Management Association (EFMA) Meetings, London, UK, June 2002. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume10, Issue4December 2004Pages 549-565 RelatedInformation