DP2782 The Influence of the Financial Revolution on the Nature of Firms
|Author(s):||Raghuram G Rajan, Luigi Zingales|
|Publication Date:||May 2001|
|Keyword(s):||Corporate Governance, Financial Revolution, Theory Of The Firm|
|Programme Areas:||Financial Economics, Industrial Organization|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=2782|
Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bona fide ?financial revolution?. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and managed, and on the policy consequences.