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Governance: Who Controls Matters

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  • Bruno Deffains
  • Dominique Demougin

Abstract

In this paper, we provide an outlook for further research on the topic of governance. We review four different approaches on the theory of the firm and discuss implications for governance, namely; nexus of contracts / agency theory, property rights / incomplete contracts, adaptation, and nexus of specific investments.

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Bibliographic Info

Paper provided by Sonderforschungsbereich 649, Humboldt University, Berlin, Germany in its series SFB 649 Discussion Papers with number SFB649DP2006-053.

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Length: 28 pages
Date of creation: Jul 2006
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Handle: RePEc:hum:wpaper:sfb649dp2006-053

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Keywords: governance; property rights; adaptation; nexus of contracts;

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