6533b7ddfe1ef96bd1273cb7
RESEARCH PRODUCT
Variation on the theme 'In Search of New Foundations for Corporate Finance and Corporate Governance'
Gérard Charreauxsubject
Corporate financeInternal financingbusiness.industryCorporate governanceStakeholderEconomicsFinancial modelingAccountingCorporate Real EstateCorporate communicationbusinessCorporate securitydescription
Our purpose is to explore an alternative way to give new foundations to the theory of corporate finance and governance. The definition we give of corporate finance considers capital-budgeting as central. The shortcomings of the contract theory of the firm result in proposing new foundations to corporate finance based on the knowledge-based theories of the firm. Lastly, we explore the consequences of these new foundations. It leads to give new explanations of the role of external equity financing, financial debt and especially of internal financing, and to re-examine the corporate governance and financial evaluation questions.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2003-01-01 | SSRN Electronic Journal |