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9780674235397

The Economic Structure of Corporate Law

by ;
  • ISBN13:

    9780674235397

  • ISBN10:

    0674235398

  • Edition: Reprint
  • Format: Paperback
  • Copyright: 1996-02-01
  • Publisher: Harvard Univ Pr

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Supplemental Materials

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Summary

The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.

Table of Contents

The Corporate Contract
Limited Liability
Voting
The Fiduciary Principle, the Business Judgment Rule, and the Derivative Suit
Corporate Control Transactions
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

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