Corporate Governance and Board Effectiveness
New York University (NYU) - Department of Finance
Lemma W. Senbet
University of Maryland - Robert H. Smith School of Business
NYU Working Paper No. FIN-98-045
This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internat mechanisms of corporate governance (e.g., arising from conflicts of interests between managers and equityholders, equityholders and creditors, and capital contributors and other stakeholders to the corporate firm. We also examine the substitution effect between internal mechanisms of corporate governance and external mechanisms, particularly markets for corporate control. Directors for future research are provided.
Number of Pages in PDF File: 60working papers series
Date posted: November 11, 2008
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