search query: @indexterm DEREGULATION / total: 280
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| Author: | Kole, S. Lehn, K. |
| Title: | Deregulation, the evolution of corporate governance structure, and survival |
| Journal: | American Economic Review
1997 : MAY, VOL. 87:2, p. 421-425 |
| Index terms: | CORPORATE STRUCTURE COMPANY OWNERSHIP DEREGULATION |
| Language: | eng |
| Abstract: | Most of the literature on corporate governance has involved static analysis. Theory has focused on explaining the relation between the activities of a firm and its governance structure while most empirical work has been restricted to cross-sectional data bases. Industry deregulation provides a natural experiment filling the gap in the literature. It represents a shock that calls for more nimble governance structures than the systems that are well suited for firms with active regulatory oversight. Observing whether there is a natural selection of organizational form, and how firms adapt to the shock, may enrich understanding of evolutionary processes in organizational economics. |
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