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The Influence of the Financial Revolution on the Nature of Firms
Raghuram G. Rajan
University of Chicago - Booth School of Business; International Monetary Fund (IMF); National Bureau of Economic Research (NBER)
Luigi Zingales
University of Chicago Booth School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); University of Chicago - Polsky Center for Entrepreneurship; European Corporate Governance Institute (ECGI)
March 2001
NBER Working Paper No. w8177
Abstract:
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.
Number of Pages in PDF File: 14
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Date posted: March 24, 2001
Suggested CitationRajan, Raghuram G. and Zingales, Luigi , The Influence of the Financial Revolution on the Nature of Firms (March 2001). NBER Working Paper No. w8177. Available at SSRN: http://ssrn.com/abstract=264432
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