TY  - JOUR
AU  - Zingales,Luigi
TI  - Corporate Governance
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6309
PY  - 1997
Y2  - December 1997
UR  - http://www.nber.org/papers/w6309
L1  - http://www.nber.org/papers/w6309.pdf
N1  - Author contact info:
Luigi Zingales
Booth School of Business
The University of Chicago
5807 S. Woodlawn Avenue
Chicago, IL 60637
Tel: 773/702-3196
Fax: 773/834-2081
E-Mail: luigi.zingales@ChicagoBooth.edu
AB  - 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.
ER  -