TY  - JOUR
AU  - Zingales,Luigi
TI  - In Search of New Foundations
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7706
PY  - 2000
Y2  - May 2000
UR  - http://www.nber.org/papers/w7706
L1  - http://www.nber.org/papers/w7706.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  - 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.
ER  -