@techreport{NBERw6309, title = "Corporate Governance", author = "Luigi Zingales", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "6309", year = "1997", month = "December", URL = "http://www.nber.org/papers/w6309", 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.}, }