THE ASSESSMENT:CORPORATE GOVERNANCE AND CORPORATE CONTROL
研究了不同国家公司控制模式的差异及其对公司绩效的影响，发现这些差异主要源于公司所有权和法律形式的不同，进而影响金融体系维持隐性合同和灵活应对政策分歧的能力。
Patterns of corporate control vary markedly across countries. This paper examines the reasons for these differences and their consequences for corporate performance. It finds that they primarily result from differences in the ownership of firms and their legal forms. These affect the relative abilities of financial systems to sustain implicit contracts with stakeholders and to respond flexibly to differing views about corporate policy.