Journal of Financial Economics (JFE) “A Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure” by Michael Jensen & William Meckling (1976) — the foundational agency‑cost theory.

Written report not longer than 3 pages, excluding appendices.• Report must contain/address:o Author(s), Year, Title, Journal, Pages, citation The Journal will be from The Journal of Finanical Economicso What are the research questions being asked?o Why are these research questions important?o What analysis do the author(s) conduct to address their
research question?o What are the main findings of the analysis?o What are the financial and economic implications of the
results?o What did you personally learn from this review of academic
financial research?Under Topic from the journal of finance I need a paper written “A Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure” by Michael Jensen & William Meckling (1976) — the foundational agency‐cost theory.

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