NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

In Search of New Foundations

Luigi Zingales

NBER Working Paper No. 7706
Issued in May 2000
NBER Program(s):   CF

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.

download in pdf format
   (111 K)

email paper

This paper is available as PDF (111 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w7706

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

Users who downloaded this paper also downloaded these:
Morck and Yeung w16490 Agency Problems and the Fate of Capitalism
Shleifer and Vishny w5554 A Survey of Corporate Governance
Zingales w6309 Corporate Governance
Rajan and Zingales w7958 The Governance of the New Enterprise
Hart w8285 Financial Contracting
 
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