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Corporate Governance and Board Effectiveness

Authors: John, Kose
Senbet, Lemma W.
Issue Date: Oct-1997
Series/Report no.: FIN-98-045
Abstract: This paper surveys the empirical and theoretical literature on the mechanisms of corporate governance. We focus on the internat mechanisms of corporate governance (e.g., arising from conflicts of interests between managers and equityholders, equityholders and creditors, and capital contributors and other stakeholders to the corporate firm. We also examine the substitution effect between internal mechanisms of corporate governance and external mechanisms, particularly markets for corporate control. Directors for future research are provided.
Appears in Collections:Finance Working Papers

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