Abstract
While some of the questions have been around since Berle and Means (1932), the term ‘corporate governance’ did not exist in the English language until twenty years ago. In the last two decades, however, corporate governance issues have become important not only in the academic literature, but also in public policy debates. During this period, corporate governance has been identified with takeovers, financial restructuring, and institutional investors’ activism. But what exactly is corporate governance? Why is there a corporate governance ‘problem’? Why does Adam Smith’s invisible hand not automatically provide a solution? What role do takeovers, financial restructuring, and institutional investors play in a corporate governance system?
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
