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Dealing with Risks and Governance

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  • Darine Bakkour
  • Robert Kast
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    Abstract

    The scope of this note is to delimitate what we are talking about when we refer to governance, a word that relates to different concepts in political sciences, social sciences and other human sciences. Within such a large meaning, governance encompasses many situations where there are risks to be managed, or risks to be taken, which leads us to question its economic foundations. However, the foundations need not be the same if we consider “corporate governance”, “national governance”, “territorial governance” and many compound ways of management through Public Private Partnerships (PPP).

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    File URL: http://www.lameta.univ-montp1.fr/Documents/DR2013-10.pdf
    File Function: First version, 2013
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    Bibliographic Info

    Paper provided by LAMETA, Universtiy of Montpellier in its series Working Papers with number 13-10.

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    Length: 19 pages
    Date of creation: Oct 2013
    Date of revision: Oct 2013
    Handle: RePEc:lam:wpaper:13-10

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    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-25, June.
    3. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
    4. Milton Friedman & L. J. Savage, 1952. "The Expected-Utility Hypothesis and the Measurability of Utility," Journal of Political Economy, University of Chicago Press, vol. 60, pages 463.
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