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Shareholder, Creditor and Worker Protection: Time Series Evidence about the Differences between French, German, Idian, UK and US Law

Siems, Mathias - ESRC Centre for Business Research - 2009

This paper uses a new quantitative methodology ("numerical comparative law", "leximetrics") in order to answer the questions whether there has been convergence, divergence or persistence of legal rules, and how this relates to the Common Law/Civil Law distinction. It is based on indices for...

Persistent link: https://www.econbiz.de/10010614663

Governance Processes, Employee Voice and Performance Outcomes in the Construction of Heathrow Terminal 5

Deakin, Simon; Koukiadaki, Aristea - ESRC Centre for Business Research - 2008

The Major Projects Agreement (MPA) is a framework agreement designed to improve performance in large mechanical and electrical engineering projects. It is built on integrated team working and includes the trade union as a partner in strategic, organizational and employment decisions. The...

Persistent link: https://www.econbiz.de/10005687970

'Capacitas': Contract Law and the Institutional Preconditions of a Market Economy

Deakin, Simon - ESRC Centre for Business Research - 2006

nineteenth century, we currently lack a convincing theory of the role of law in enhancing and protecting the substantive …

Persistent link: https://www.econbiz.de/10005687978

Share Capital and Creditor Protection: Efficient Rules for a Modern Company Law?

Armour, John - ESRC Centre for Business Research - 1999

Examines the economic case for rules of company law which regulate the raising and maintenance of share capital by companies. Argues that the current rules are unlikely to enhance the efficiency of the markets which they regulate, and makes a tentative conclusion.

Persistent link: https://www.econbiz.de/10005688027

Corporate Governance, The Limits of Rationality and Proceduralisation

J, Paterson - ESRC Centre for Business Research - 2001

A striking feature of theorising about corporate governance, whether from the perspective of economics or in terms of a stakeholder model of the company, is that even quite basic questions posed at the outset remain to be answered. Thus, in the case of economic theorising about the firm, it has...

Persistent link: https://www.econbiz.de/10005813012

Legal capital: an outdated concept

Armour, John - ESRC Centre for Business Research - 2006

This paper reviews the case for and against mandatory legal capital rules. It is argued that legal capital is no longer an appropriate means of safeguarding creditors' interests. This is most clearly the case as regards mandatory rules. Moreover, it is suggested that even an 'opt in' (or...

Persistent link: https://www.econbiz.de/10005813028

Legal Evolution: Integrating Economic and Systemic Approaches

Deakin, S. - ESRC Centre for Business Research - 2011

evolution. The evolutionary and epistemic branches of game theory predict that stable norms will emerge when agents share common … beliefs concerning future states of the world. Systems theory see the legal order as a social system which reproduces itself …. This gives rise to the possibility of coevolution of law and the economy. It will be argued that systems theory, by …

Persistent link: https://www.econbiz.de/10010548034

Public Markets, Private Orderings and Corporate Governance

Pagano, Ugo - ESRC Centre for Business Research - 2000

In the New Property Rights approach the degree of incompleteness of markets is taken independently of the cost of the public ordering and of their efficiency relatively to private orderings. In this approach "public markets", similarly to a Swiss cheese, are either assumed to be non-existent...

Persistent link: https://www.econbiz.de/10005687983

Shareholder Protection around the World ("Leximetric II")

Siems, Mathias - ESRC Centre for Business Research - 2007

This article analyzes how shareholder protection has developed in 20 countries from 1995 to 2005. In contrast to traditional legal research, it draws on a quanti-tative methodology to law ("leximetrics", "numerical comparative law"). Some of its results are that in most countries shareholder...

Persistent link: https://www.econbiz.de/10005813019

Legal origins: reconciling law and finance and comparative law

Siems, Mathias M - ESRC Centre for Business Research - 2006

In the last few years law and finance scholars have 'discovered' the usefulness of comparative law. Their studies look at the quantifiable effect that legal rules and their enforcement have on financial development in different countries. Moreover, they link their results with the long- standing...

Persistent link: https://www.econbiz.de/10005813051