Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature
Year: 2001
Type: report
Abstract: %RDUGV RI 'LUH.WRUV DV DQ (QGRJHQRXVO\ 'HWHUPLQHG ,QVWLWXWLRQ $ 6XUYH\ RI WKH (.RQRPL./LWHUDWXUH %HQMDPLQ ( +HUPDOLQ DQG 0L.KDHO 6 :HLVED.K 1%(5 :RUNLQJ 3DSHU 1R 0DU.K -(/ 1R * / $%675$&7 7KLV SDSHU VXUYH\V WKH H.RQRPL. OLWHUDWXUH RQ ERDUGV RI GLUH.WRUV $OWKRXJK D OHJDO UHTXLUHPHQW IRU PDQ\ RUJDQL]DWLRQV ERDUGV DUH DOVR DQ HQGRJHQRXVO\ GHWHUPLQHG JRYHUQDQ.H PH.KDQLVP IRU DGGUHVVLQJ DJHQ.\SUREOHPV LQKHUHQW WR PDQ\ RUJDQL]DWLRQV )RUPDO WKHRU\ RQ ERDUGV RI GLUH.WRUV KDV EHHQ TXLWH OLPLWHG WR WKLV SRLQW 0RVW HPSLUL
DOI: 10.3386/w8161
Authors: Benjamin Hermalin, Michael Weisbach
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2891717843