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A Reader in International Corporate Finance, Volume 2
Description
In the last decade, financial economists have increasingly focused on the role of laws and institutions in explaining differences in financial development across countries. This collection will be of great use to readers interested in the emerging new paradigm in corporate governance.
Anybody seeking to understand corporate finance and corporate governance must read the papers in this book and the literature they have spawned. The financing of firms is based on contracts and the enforcement of those contracts. Without comparing firms under different contractual systems, therefore, it is impossible to grasp fully the key factors shaping the financing and behavior of firms.
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