Corporate Governance And The Public Interest
AbstractA theory of the firm based on strategic decision-making highlights governance as a central issue. Preferences vary over strategy but not all interests are currently being represented, resulting in a failure to govern in the public interest. As solutions, we consider the design of company law and also more immediate ways forward, focusing on regulation and democratically controlled public agencies, but stressing the fundamental significance of active, effective citizens. Throughout, the arguments are illustrated using examples from various countries and industries, including education, information technology, football and public utilities in Europe and the US.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 626.
Length: 31 pages
Date of creation: 2002
Date of revision:
Governance ; Strategic Decisions ; Public Interest ; Democracy;
Find related papers by JEL classification:
- L5 - Industrial Organization - - Regulation and Industrial Policy
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
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