The Influence of the Financial Revolution on the Nature of Firms
14 Pages Posted: 24 Mar 2001 Last revised: 5 Oct 2001
Date Written: March 2001
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.
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