Agency Costs of Overvalued Equity

Agency Costs of Overvalued Equity

Michael Jensen

Series number :

Serial Number: 
039/2004

Date posted :

April 01 2004

Last revised :

SSRN Share

Keywords

  • Overpriced Equity • 
  • Market Mistakes • 
  • Misvaluation • 
  • Faillure of Corporate Governance • 
  • control • 
  • Incentives

Published in

Published in: 
Publication Title: 
Financial Management
Description: 
Vol. 34, No. 1, Spring 2005

Authors

Fellow, Research Member
Graduate School of Business Administration, Harvard University