mechanism of dispute resolution within the framework of a disciplinary mode of administrative law within a bureaucratic …

when the descriptive and prescriptive norms conflict. The next main question is the expressive role of law. The choices of … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and … analysis, combining an informed principal with individually signaling agents, makes precise the notion of expressive law …

This paper develops the building blocks for a legal theory of finance. LTF holds that financial markets are legally …, financial markets exhibit dynamics that frequently put them in direct tension with commitments enshrined in law or contracts … self-destruction of the financial system. This law-finance paradox tends to be resolved by suspending the full force of law …

We analyze how the law and its enforcement affect equity market equilibrium. Improvements in the legal system, while …

quality of institutions, such as judicial efficiency and rule of law, but have no relationship with measures of shareholder … efficiency and rule of law, but negatively with shareholder rights' protection, controlling for risk and expected earnings growth …