Michael Jensen
Michael Jensen is a prominent economist known for his contributions to the field of finance and organizational theory. He is best known for his work on agency theory, particularly the principal-agent problem, which he co-developed in the 1970s alongside Stephen Ross and William H. Meckling. Jensen's research has had a significant impact on corporate governance, exploring the conflicts that arise when one party delegates decision-making authority to another. His insights have influenced both academic thought and practical approaches in business and economics.
Born on Jan 01, 1939 (86 years old)
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Michael Jensen is noted as a co-introducer of the principal-agent dilemma concept alongside Stephen Ross and William H. Meckling.
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