The Influence of the Financial Revolution on the Nature of Firms

14 Pages Posted: 24 Mar 2001 Last revised: 6 Nov 2022

See all articles by Raghuram G. Rajan

Raghuram G. Rajan

University of Chicago - Booth School of Business; International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Luigi Zingales

University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)

Multiple version iconThere are 3 versions of this paper

Date Written: March 2001

Abstract

Major technological, regulatory, and institutional changes have made finance more widely available in recent years, amounting to a bone fide 'financial revolution'. In this article, we focus on the impact the financial revolution has had on the way firms are (or should be) organized and managed, and on the policy consequences.

Suggested Citation

Rajan, Raghuram G. and Zingales, Luigi, The Influence of the Financial Revolution on the Nature of Firms (March 2001). NBER Working Paper No. w8177, Available at SSRN: https://ssrn.com/abstract=264432

Raghuram G. Rajan (Contact Author)

University of Chicago - Booth School of Business ( email )

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Luigi Zingales

University of Chicago - Booth School of Business ( email )

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National Bureau of Economic Research (NBER)

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Centre for Economic Policy Research (CEPR)

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Belgium

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