Despite the apparent divergence in institutions of governance, share ownership, capital markets, and business culture across developed economies, the basic law of the corporate form has already achieved a high degree of uniformity, and continued…
Business, Commercial, Consumer and Financial Law
In this subdiscipline:
2,606 papers
Popular papers
-
-
This paper analyzes the survival of organizations in which decision agents do not bear a major share of the wealth effects of their decisions. This is what the literature on large corporations calls separation of ownership and control. Such…
-
-
This book of cases and materials on corporate law emphasizes policy, economics, and financial analysis in its treatment of the subject for law students. Materials on conflicts of interest, basic self-dealing, insider trading, control shifts, and…
-
-
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial…
-
-
This paper integrates elements from the theory of agency, the theory of property rights and the theory of finance to develop a theory of the ownership structure of the firm. We define the concept of agency costs, show its relationship to the…
-
This paper is concerned with those actions of business firms which have harmful effects on others. The standard example is that of a factory the smoke from which has harmful effects on those occupying neighboring properties. The economic analysis of…
-
The possibility of post-contractual opportunistic behavior, which is considered a cost of using the market system, was explained. It was emphasized in conclusion that most business relationships are neither likely to be as simple as the standard…
-
-
Hedge funds have become critical players in both corporate governance and corporate control. In this Article, Professors Kahan and Rock document and examine the nature of hedge fund activism, how and why it differs from activism by traditional…
-
-
Schemes of arrangement are an extremely valuable tool for manipulating a companys capital. Nothing in the Companies Act 2006 prescribes the subject matter of a scheme. In theory a scheme could be a compromise or arrangement between a company and its…
-
Agency theory is an important, yet controversial, theory. This paper reviews agency theory, its contributions to organization theory, and the extant empirical work and develops testable propositions. The conclusions are that agency theory (a) offers…
-
This article examines the historical, doctrinal and theoretical bases of shareholder rights in British company law. These rights are, and always have been, essentially the product of private bargains, subjected to regulation of various explicit and…
-
State government websites are a main information portal for people. The primary objective of this study is to examine 50 U.S. state government websites to evaluate the status of their accessibility in comparison with federal government and randomly…
-
We present a new measure of legal protection of minority shareholders against expropriation by corporate insiders: the anti-self-dealing index. Assembled with the help of Lex Mundi law firms, the index is calculated for 72 countries based on legal…
-
Some of the forces that influence the structure of corporate ownership are explored. Ownership data show that the concentration of equity ownership in US corporations varies widely. An attempt is made to explain these variations in terms of the…
-
Popular tags
Sign up today - FREE
Mendeley saves you time finding and organizing research. Learn more
- All your research in one place
- Add and import papers easily
- Access it anywhere, anytime
Start using Mendeley in seconds!
Active members
-
Student (Bachelor) -
Assistant Professor
-
Ph.D. StudentLeicester, United Kingdom
-
Other ProfessionalPeking, China -
LecturerBerkeley Law