The Influence of the Financial Revolution on the Nature of Firms
Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bone fide 'financial revolution'. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and managed, and on the policy consequences.
Published: Rajan, Raghuram G. and Luigi Zingales. "The Influence Of The Financial Revolution On The Nature Of Firms," American Economic Review, 2001, v91(2,May), 206-211.