Shleifer is from Harvard University. Vishny is from the University of Chicago. Prepared for the Nobel Symposium on Law and Finance, Stockholm, August 1995. We are grateful to Oliver D. Hart for many conversations, to Doug Diamond, Frank Easterbrook, Milton Harris, Martin Hellwig, James Hines, Tor Jonsson, Steve Kaplan, Rafael La Porta, Florencio Lopez-de-Silanes, Raghu Rajan, David Scharfstein, René Stulz, and Luigi Zingales for comments, and to the NSF for financial support.
A Survey of Corporate Governance
Article first published online: 18 APR 2012
1997 The American Finance Association
The Journal of Finance
Volume 52, Issue 2, pages 737–783, June 1997
How to Cite
Shleifer, A. and Vishny, R. W. (1997), A Survey of Corporate Governance. The Journal of Finance, 52: 737–783. doi: 10.1111/j.1540-6261.1997.tb04820.x
- Issue published online: 18 APR 2012
- Article first published online: 18 APR 2012
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.