Abstract

http://ssrn.com/abstract=46906
 
 

References (36)



 
 

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Corporate Governance


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)


The New Palgrave Dictionary of Economics and the Law, 1998

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 "nexus of specific investments" introduced by Rajan and Zingales (1997 and 1998). I conclude discussing the limitations of the incomplete contracts approach to corporate governance.

Number of Pages in PDF File: 20

JEL Classification: G3

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Date posted: June 10, 1998  

Suggested Citation

Zingales, Luigi, Corporate Governance. The New Palgrave Dictionary of Economics and the Law, 1998. Available at SSRN: http://ssrn.com/abstract=46906 or http://dx.doi.org/10.2139/ssrn.46906

Contact Information

Luigi Zingales (Contact Author)
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-3196 (Phone)
773-834-2081 (Fax)

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National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
University of Chicago - Polsky Center for Entrepreneurship
Chicago, IL 60637
United States
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
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References:  36
Citations:  99
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