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Publication

Corporate Governance

Williamson, Oliver
Keywords
corporation
 manufacture
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Faculty Scholarship Series
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Corporate_Governance.pdf
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Abstract
After a long hiatus, the study of corporate governance has recently enjoyed a revival, but few points of consensus have emerged. Political differences are sometimes responsible for this impasse,' but failure to address the economics of corporate governance in microanalytic terms is also a factor. Lacking a framework that permits detailed analysis of transactions among the various constituencies of the corporation-labor, owners, suppliers, customers, the community and management-commentators have presented their arguments at such a high level of generality that an assessment of the merits of the alternative positions is very difficult. This Article is meant to address that shortcoming. The focus throughout is on publicly held corporations in the manufacturing sector.
URI
http://hdl.handle.net/20.500.13051/3880