NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Corporate Governance

Luigi Zingales

NBER Working Paper No. 6309
Issued in December 1997
NBER Program(s):   CF

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.

download in pdf format
   (975 K)

email paper

This paper is available as PDF (975 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6309

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

Users who downloaded this paper also downloaded these:
Shleifer and Vishny w5554 A Survey of Corporate Governance
Rajan and Zingales w7958 The Governance of the New Enterprise
Bolton, Becht, and Röell w9371 Corporate Governance and Control
Bebchuk and Weisbach w15537 The State of Corporate Governance Research
Hermalin and Weisbach w12875 Transparency and Corporate Governance
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us