The Assessment: Corporate Governance and Corporate Control

Tim Jenkinson and Colin Mayer ()

Oxford Review of Economic Policy, 1992, vol. 8, issue 3, 1-10

Abstract: Patterns of corporate control vary markedly across countries. This paper examines the reasons for these differences and their consequences for corporate performance. It finds that they primarily result from differences in the ownership of firms and their legal forms. These affect the relative abilities of financial systems to sustain implicit contracts with stakeholders and to respond flexibly to differing views about corporate policy. Copyright 1992 by Oxford University Press.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:8:y:1992:i:3:p:1-10

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