Key issues: What defines a corporate governance system, and how do governance practices differ across countries? How do you identify a governance system failure? What are the main forces leading to international system convergence? What are the counterforces? What are the key governance issues facing developing economies? How does a country's governance structure affect its economic development?
Bradley, Michael, Cindy Schipani, Anant Sundaram, and James Walsh. "The Purposes and Accountability of the Corporation in Contemporary Society: Corporate Governance at a Crossroads," Law and Contemporary Problems, 62, 1999.
Garvey, Gerald T., and Peter L. Swan. "The Economics of Corporate Governance: Beyond the Marshallian Firm," Journal of Corporate Finance, 1, 1994.
Halpern, Paul. "Systematic Perspectives on Corporate Governance Systems," Working paper, University of Toronto, 1999.
Shleifer, Andrei, and Robert W. Vishny. "A Survey of Corporate Governance," Journal of Finance, 52, 1997.