Separation of Ownership and Control.¶
Fama, E. F., & Jensen, M. C. (1983). Separation of Ownership and Control. Journal of Law and Economics, 26(2), 301-325.
Cited by¶
3 citations across 3 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Governance
- Governance patterns transfer across radically different domains: boards recur in corporate, nonprofit, university, and civic contexts, an isomorphism that Fama and Jensen (1983) explain through the separation of decision management and decision control common to all such organizations.
This sourceExplains the cross-domain recurrence of board structures (corporate, nonprofit, mutual, university) through the separation of decision management from decision control as a general organizational design principle, supporting the board-isomorphism claim.
- Governance patterns transfer across radically different domains: boards recur in corporate, nonprofit, university, and civic contexts, an isomorphism that Fama and Jensen (1983) explain through the separation of decision management and decision control common to all such organizations.
- Sponsor Vacuum
- From corporate governance come director-attendance requirements, independent-director rules, and skin-in-the-game provisions, all of which operationalize engagement over mere occupancy.
This sourceFoundational treatment of board oversight, director independence, and incentive alignment that operationalize engagement over mere occupancy.
- From corporate governance come director-attendance requirements, independent-director rules, and skin-in-the-game provisions, all of which operationalize engagement over mere occupancy.
Mechanisms¶
Verification¶
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