Droit et gouvernance des entreprises. Mythe ou réalité ?
AbstractThe law and finance literature states that legal tradition exerts a first-order impact on corporate financing and governance. It also states the superiority of the English Common Law over the French Civil Law. While influential, the law and finance view has weak theoretical and methodological foundations. This paper examines a number of criticisms addressed to this literature and argues for a less ambitious approach of the interaction between law and finance. Rather than focusing on country-level factors such as legal origin, future work should study how legal variables and firm-level factors simultaneously affect corporate governance practices and financial contracts. Classification JEL : G2, G32, K2
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 58 (2007)
Issue (Month): 6 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-economique.htm
Find related papers by JEL classification:
- G2 - Financial Economics - - Financial Institutions and Services
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- K2 - Law and Economics - - Regulation and Business Law
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
If references are entirely missing, you can add them using this form.