The Influence of the Financial Revolution on the Nature of Firms

Raghuram G. Rajan, Luigi Zingales

NBER Working Paper No. 8177
Issued in March 2001
NBER Program(s):   CF   IO

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.

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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.

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