In Search of New Foundations
论证公司金融理论根植于企业理论，指出现有理论难以解释新兴企业类型，并提出新企业理论应具备的特征及其对公司金融研究的影响。
In this paper I argue that corporate finance theory, empirical research, practical applications, and policy recommendations are deeply rooted in an underlying theory of the firm. I also argue that although the existing theories have delivered very important and useful insights, they seem to be quite ineffective in helping us cope with the new type of firms that is emerging. I outline the characteristics that a new theory of the firm should satisfy and how such a theory could change the way we do corporate finance, both theoretically and empirically.