| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20356
|
| 来源ID | Working Paper 20356
|
| History of American Corporate Governance: Law, Institutions, and Politics |
| Eric Hilt
|
| 发表日期 | 2014-07-31
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | This paper presents an overview of the history of corporate governance in the United States, emphasizing the period before the advent of federal securities laws and the Securities and Exchange Commission (SEC). Recent research has overturned many widely accepted beliefs about corporate governance during this period. In particular, the evolution of American corporate governance has not followed a simple, linear trajectory, beginning with small, well-governed firms and ending with large, poorly governed ones. Over time, economic and institutional changes have given rise to successive generations of corporations with their own governance problems and their own mechanisms to address those problems. When existing governance mechanisms failed, the United States experienced corporate governance crises--episodes that shattered investors' faith in corporate management and the legal institutions intended to protect their rights. The resolutions of these crises have sometimes been found in legal innovations, and in other cases, in institutional or market-based solutions. |
| 主题 | Financial Economics
; Corporate Finance
; History
; Financial History
; Other History
|
| URL | https://www.nber.org/papers/w20356
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578029
|
推荐引用方式
GB/T 7714 |
Eric Hilt. History of American Corporate Governance: Law, Institutions, and Politics. 2014.
|
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