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Governance: Who Controls Matters

Bruno Deffains and Dominique Demougin ()

No SFB649DP2006-053, SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649

Abstract: In this paper, we provide an outlook for further research on the topic of governance. We review four different approaches on the theory of the firm and discuss implications for governance, namely; nexus of contracts / agency theory, property rights / incomplete contracts, adaptation, and nexus of specific investments.

Keywords: governance; property rights; adaptation; nexus of contracts (search for similar items in EconPapers)
JEL-codes: G3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin
Date: 2006-07
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