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Foundations of Corporate Governance

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  • Volonté, Christophe

    (University of Basel)

Abstract

This paper outlines the foundations of corporate governance. The discussion includes a review on the modern corporation, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its various mechanisms, as well as an overview of the determinants of corporate governance.

Suggested Citation

  • Volonté, Christophe, 2012. "Foundations of Corporate Governance," Working papers 2012/05, Faculty of Business and Economics - University of Basel.
    • Handle: RePEc:bsl:wpaper:2012/05
    as

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    File URL: https://edoc.unibas.ch/61213/1/20180305170717_5a9d6b3587d09.pdf
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    References listed on IDEAS

    as
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    4. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer & Robert Vishny, 2002. "Investor Protection and Corporate Valuation," Journal of Finance, American Finance Association, vol. 57(3), pages 1147-1170, June.
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    8. Williamson, Oliver E, 1985. "Assessing Contract," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 1(1), pages 177-208, Spring.
    9. Kenneth M. Lehn & Sukesh Patro & Mengxin Zhao, 2009. "Determinants of the Size and Composition of US Corporate Boards: 1935‐2000," Financial Management, Financial Management Association International, vol. 38(4), pages 747-780, December.
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    11. Charlie Weir & David Laing & Phillip J. McKnight, 2002. "Internal and External Governance Mechanisms: Their Impact on the Performance of Large UK Public Companies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(5&6), pages 579-611.
    12. Charlie Weir & David Laing & Phillip J. McKnight, 2002. "Internal and External Governance Mechanisms: Their Impact on the Performance of Large UK Public Companies," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(5‐6), pages 579-611.
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    More about this item

    Keywords

    Agency theory; Legal protection; Corporate goverance; Board of directors; Ownership;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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