In Search of New Foundations

Luigi Zingales

No 7706, NBER Working Papers from National Bureau of Economic Research, Inc

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 while 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 are 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.

JEL-codes: G30 (search for similar items in EconPapers)
Date: 2000-05
New Economics Papers: this item is included in nep-cfn and nep-ind
Note: CF
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Citations: View citations in EconPapers (358)

Published as Zingales, Luigi. "In Search Of New Foundations," Journal of Finance, 2000, v55(4,Aug), 1623-1653.

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Journal Article: In Search of New Foundations (2000)
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