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Corporate Governance

Author

Listed:
  • Luigi Zingales
Abstract
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.

Suggested Citation

  • Luigi Zingales, 1997. "Corporate Governance," NBER Working Papers 6309, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:6309
    Note: CF
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    References listed on IDEAS

    as
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    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance

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