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Foundations of Corporate Governance

13 Pages Posted: 24 Jan 2012 Last revised: 2 Feb 2012

Christophe Volonté

University of Basel; University of Konstanz

Date Written: January 24, 2012

Abstract

This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the determinants of corporate governance.

Keywords: Agency theory, Legal protection, Corporate governance, Board of directors, Ownership

JEL Classification: G30, G32, G34, K00

Suggested Citation

Volonté, Christophe, Foundations of Corporate Governance (January 24, 2012). Available at SSRN: https://ssrn.com/abstract=1991135 or http://dx.doi.org/10.2139/ssrn.1991135

Christophe Volonté (Contact Author)

University of Basel ( email )

Peter Merian-Weg 6
Basel, CH-4002
Switzerland

University of Konstanz ( email )

Fach D-144
Universitätsstraße 10
Konstanz, D-78457
Germany

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