List of contributors .......................................... vii
Preface ...................................................... viii
1 Introduction: the modern firm, corporate governance and
investment ................................................... 1
Per-Olof Bjuggren and Dennis C. Mueller
PART I KEY ISSUES
2 Opening the black box of firm and market organization:
antitrust ................................................... 11
Oliver E. Williamson
3 The corporation: an economic enigma ......................... 43
Dennis C. Mueller
PART II THE THEORY OF THE FIRM FROM AN ORGANIZATIONAL
PERSPECTIVE
4 A contractual perspective of the firm with an application
to the maritime industry .................................... 63
Per-Olof Bjuggren and Johanna Palmberg
5 The use of managerial authority in the knowledge economy .... 82
Kirsten Foss
6 Competence and learning in the experimentally organized
economy .................................................... 104
Gunnar Eliasson and Ǻsa Eliasson
PART III INVESTMENTS AND THE LEGAL ENVIRONMENT
7 Corporate governance and investments in Scandinavia-
ownership concentration and dual-class equity structure .... 139
Johan E. Eklund
8 The cost of legal uncertainty: the impact of insecure
property rights on cost of capital ......................... 167
Per-Olof Bjuggren and Johan E. Eklund
9 The stock market, the market for corporate control and
the theory of the firm: legal and economic perspectives .... 185
and implications for public policy
Simon Deakin and Ajit Singh
PART IV THE BOARD, MANAGEMENT RELATIONS AND OWNERSHIP
STRUCTURE
10 Institutional ownership and dividends ...................... 225
Daniel Wiberg
11 Contracting around ownership: shareholder agreements in
France ..................................................... 253
Camille Madelon and Steen Thomsen
12 Board governance of family firms and business groups with
a unique regional dataset .................................. 292
Lluis Bru and Rafel Crespi
13 Better firm performance with employees on the board? ....... 323
R. Øystein Strøm
14 The determinants of German corporate governance ratings .... 361
Wolfgang Drobetz, Klaus Gugler and Simone Hirschvogl
15 Top management, education and networking ................... 382
Mogens Dilling-Hansen, Erik Strøjer Madsen and Valdemar
Smith
Index ......................................................... 401
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