Corporate Governance: A Survey of the Literature

• Type: Article in National Scientific Journal
• Date: 2004

Authors

Jorge Farinha (Author) FEP

Journal

Title: Review of Financial Markets

Vol. VI No. 1 e 2

Pages: 5-52

ISSN: 0874-1964

Publisher: CEMAF - ISCTE

Scientific classification

CORDIS: Social sciences

Other information

Abstract (EN): This paper reviews the theoretical and empirical literature on the nature and consequences of the corporate governance problem, providing some guidance on the major points of consensus and dissent among researchers on this issue. Also analysed is the effectiveness of a set of external and internal disciplining mechanisms in providing a solution for the corporate governance problem. Apart from this, particular emphases are given to the special conflicts arising from the relationship between managers and shareholders in companies with large ownership diffusion, the issue of managerial entrenchment and the link between firm value and corporate governance.

Language: Portuguese

Type (Professor's evaluation): Scientific