A Survey of Corporate Governance

Обзор корпоративного управления
Andrei Shleifer, Robert W. Vishny
1997-06-01

corporate governancecorporate governance systemslegal protection of investorsownership concentration
ABSTRACT This article surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world.
1
Ownership concentration is identified as a major factor shaping corporate governance across different countries.
2
The article synthesizes international corporate governance research, focusing on how investor protection and ownership structures influence governance systems.
3
The survey emphasizes legal protection of investors as a central determinant of corporate governance systems worldwide.

Corporate governance systems

the importance of legal investor protection and ownership concentration

Publication Details
Publication Date
1997-06-01
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Authors
Andrei Shleifer
Robert W. Vishny
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