Corporate Governance

Luigi Zingales

No 6309, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This essay summarizes my own personal view of what corporate governance is about. I" argue that it makes sense to discuss corporate governance only in an incomplete contract world. " In this world, the notion of corporate governance is intrinsically related to the definition of the" firm. In this respect, I review the shortcomings of the existing definitions of the firm and the" possible applications of the idea that the firm is a specific investments" introduced by" Rajan and Zingales (1997a and 1997b). I conclude discussing the limitations of the incomplete" contracts approach to corporate governance.

JEL-codes: G3 (search for similar items in EconPapers)
Date: 1997-12
Note: CF
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Published as Newman, P. (ed.) The New Palgrave Dictionary of Economics and the Law. New York: Macmillan, 1998.

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Working Paper: Corporate Governance (1998)
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