Oliver E. Williamson
Abstract
Abstract This chapter examines corporate finance through the lens of transaction-cost economics. A fundamental tenet of this approach is that the supply of a good or service and its governance need be examined simultaneously. Corporate finance is no exception-whence the combined reference to corporate finance and corporate governance in the title.
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Abstract This chapter examines corporate finance through the lens of transaction-cost economics. A fundamental tenet of this approach is that the supply of a good or service and its governance need be examined simultaneously. Corporate finance is no exception-whence the combined reference to corporate finance and corporate governance in the title.
Key concepts: Corporate governance, Corporate finance, Transaction cost, Business, Corporate security, Corporate Real Estate, Accounting, Finance