The Assessment: Corporate Governance and Corporate Control
AbstractPatterns of corporate control vary markedly across countries. This paper examines the reasons for these differences and their consequences for corporate performance. It finds that they primarily result from differences in the ownership of firms and their legal forms. These affect the relative abilities of financial systems to sustain implicit contracts with stakeholders and to respond flexibly to differing views about corporate policy. Copyright 1992 by Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Review of Economic Policy.
Volume (Year): 8 (1992)
Issue (Month): 3 (Autumn)
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