Foundations of Corporate Governance
University of Basel; University of Konstanz
January 24, 2012
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.
Number of Pages in PDF File: 13
Keywords: Agency theory, Legal protection, Corporate governance, Board of directors, Ownership
JEL Classification: G30, G32, G34, K00
Date posted: January 24, 2012 ; Last revised: February 2, 2012