Toward a Behavioral Corporate Governance Theory: An Exploratory View
Cahiers du Fargo Working Paper No. 1050601
36 Pages Posted: 12 Jun 2005
Date Written: June 2005
The objective of this article is to show how behavioral theories, in particular behavioral finance, can help to build a corporate governance theory allowing to fill the many gaps of the dominant law and finance theory. In particular, we underline the problems raised by the concept of behavioral bias and its integration in the corporate governance theory.
Keywords: Theorie comportementale de la gouvernance, biais comportemental, behavioral corporate governance theory, behavioral bias
JEL Classification: G30
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