17 Pages Posted: 10 May 2001
Date Written: May 2001
Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bona 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.
Keywords: Corporate governance, financial revolution, theory of the firm
JEL Classification: L20
Suggested Citation: Suggested Citation
Rajan, Raghuram G. and Zingales, Luigi, The Influence of the Financial Revolution on the Nature of Firms (May 2001). CEPR Discussion Paper No. 2782. Available at SSRN: https://ssrn.com/abstract=269374
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