PLEASE NOTE
Capital Ideas is now Chicago Booth Review but unfortunately original articles are no longer available. If you click through you will be taken to the Internet Archive site to find an archived copy.
Capital Ideas is now Chicago Booth Review but unfortunately original articles are no longer available. If you click through you will be taken to the Internet Archive site to find an archived copy.
U.S. corporate scandals such as Enron and Tyco have highlighted the fact that insiders enjoy benefits above and beyond those of the average shareholder-the so-called “private benefits of control.” How widespread are these benefits? What effects do they have on the development of a country’s securities market? Furthermore, how can such benefits be curbed? New research indicates that in spite of the recent corporate scandals in the United States, other countries face much greater hurdles in curbing these private benefits, and in developing effective systems of corporate governance.
Content: Article
Author: Luigi Zingales
Source: “Capital Ideas”
Subjects: Economics, Finance
Industry: Investment Banking
Author: Luigi Zingales
Source: “Capital Ideas”
Subjects: Economics, Finance
Industry: Investment Banking
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