Citation

Discussion Paper Details

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Title: In Search of New Foundations

Author(s): Luigi Zingales

Publication Date: September 2000

Keyword(s): Corporate, Finance, Foundations, New and Search

Programme Area(s): Financial Economics and Industrial Organization

Abstract: In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that while the existing theories have delivered very important and useful insights, they seem to be quite ineffective in helping us cope with the new type of firms that are emerging. I outline the characteristics that a new theory of the firm should satisfy and how such a theory could change the way we do corporate finance, both theoretically and empirically.

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Bibliographic Reference

Zingales, L. 2000. 'In Search of New Foundations'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=2551