Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bone fide 'financial revolution'. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and managed, and on the policy consequences.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
8177.
Length: Date of creation: Mar 2001 Date of revision: Publication status: published as Rajan, Raghuram G. and Luigi Zingales. "The Influence Of The Financial Revolution On The Nature Of Firms," American Economic Review, 2001, v91(2,May), 206-211. Handle: RePEc:nbr:nberwo:8177
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Find related papers by JEL classification: G3 - Financial Economics - - Corporate Finance and Governance L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
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