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Variation sur le thème:"À la recherche de nouvelles fondations pour la finance et la gouvernance d'entreprise"

Gerard Charreaux ()

Revue Finance Contrôle Stratégie, 2002, vol. 5, issue 3, 5-68

Abstract: Our purpose is to explore an alternative way to give new foundations to the theory of corporate finance and governance. The definition we give of corporate finance considers capital-budgeting as central. The shortcomings of the contract theory of the firm result in proposing new foundations to corporate finance based on the knowledge-based theories of the firm. Lastly, we explore the consequences of these new foundations. It leads to give new explanations of the role of external equity financing, financial debt and especially of internal financing, and to re-examine the corporate governance and financial evaluation questions.

Keywords: internal financing; corporate finance; corporate governance; capital budgeting; knowledge-based theories of the firm. (search for similar items in EconPapers)
JEL-codes: G31 G32 G38 (search for similar items in EconPapers)
Date: 2002
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