Chapter 1

Corporate Governance and Control

Marco Becht*    ECARES, Université Libre de Bruxelles and European Corporate Governance Institute (ECGI)* We are grateful to Bernardo Bortolotti, Mathias Dewatripont, Richard Frederick, Stu Gillan, Peter Gourevitch, Milton Harris, Gerard Hertig, Takeo Hoshi, Steve Kaplan, Roberta Romano, Christian Rydqvist and Scott Verges for helpful input and comments.

Patrick Bolton*    Bendheim Center for Finance at Princeton University, NBER, CEPR and ECGI

Ailsa Röell*    Bendheim Center for Finance at Princeton University, CEPR and ECGI


Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various ...

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