In Search of New Foundations

Luigi Zingales

Journal of Finance, 2000, vol. 55, issue 4, 1623-1653

Abstract: In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that although the existing theories have delivered very important and useful insights, they seem to be quite ineffective in helping us cope with the new type of firms that is emerging. I outline the characteristics that a new theory of the firm should satisfy and how such a theory could change the way we do corporate finance, both theoretically and empirically.

Date: 2000
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https://doi.org/10.1111/0022-1082.00262

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Working Paper: In Search of New Foundations (2000)
Working Paper: In Search of New Foundations (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jfinan:v:55:y:2000:i:4:p:1623-1653

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