Browsing Centre for Corporate Governance Research (CCGR) by Author "Miglietta, Salvatore"
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Why Do Boards Exist? Governance in the Absence of Corporate Law
Burkart, Mike; Miglietta, Salvatore; Østergaard, Charlotte (CCGR Working Paper;1/2017, Working paper, 2017)We study how owners trade off the costs and benefits of establishing a board in a historical setting, where boards are optional and authority over corporate decisions can be freely allocated across the general meeting, the ...