Christoph Walkner (Directorate General for Economic and Financial Affairs
(European Economy. Economic Papers. 200. March 2004.
Brussels. 43pp. Tab. Free.)
KC-AI-04-200-EN-C ISBN: 92-894-5965-4 ISSN: 1016-8060
The objective of this paper is to review issues and problems arising in the area of corporate governance from a broader economic perspective at a time when a series of major corporate accounting fraud scandals has renewed interest in the subject.
The paper highlights the economic significance of corporate governance for
investment decisions, and
financial market development.