Corporate Governance and Control / Patrick Bolton, Marco Becht, Alisa Röell.

Format:

Book

Author/Creator:

Bolton, Patrick.

Contributor:

National Bureau of Economic Research.

Becht, Marco.

Röell, Alisa.

Series:

Working Paper Series (National Bureau of Economic Research) no. w9371.

NBER working paper series no. w9371

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2002.

Summary:

Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. In this survey we review the theoretical and empirical research on the main mechanisms of corporate control, discuss the main legal and regulatory institutions in different countries, and examine the comparative corporate governance literature. A fundamental dilemma of corporate governance emerges from this overview: regulation of large shareholder intervention may provide better protection to small shareholders; but such regulations may increase managerial discretion and scope for abuse.

Notes:

Print version record

December 2002.