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Reversal in the relative performance of state- and legal person-owned companies during the Chinese split share structure reform
Vong, Anna P. I.; Trigueiros, Duarte - In: Applied economics 46 (2014) 13/15, pp. 1728-1750
Persistent link: https://www.econbiz.de/10010412814
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Principal Costs : A New Theory for Corporate Law and Governance
Goshen, Zohar - 2017
would reduce agency costs by forcing firms to allocate more control to shareholders. Such proposals disregard the costs that … shareholders avoid by delegating control to managers and voluntarily restricting their own control rights. This Essay introduces … when investors exercise control, and agent costs, produced when managers exercise control. Both principal costs and agent …
Persistent link: https://www.econbiz.de/10012972091
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Introduction : The Evolution of the Economic Analysis of Corporate Law
Hill, Claire A. - 2012
This essay is the Introduction to the Research Handbook on the Economics of Corporate Law. After briefly surveying the origins of modern economic analysis of corporate law, it analyzes leading developments in recent decades. Major developments in the law and economics of corporate law have in...
Persistent link: https://www.econbiz.de/10013106975
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Hobby Lobby, Corporate Law, and the Theory of the Firm : Why For-Profit Corporations are RFRA Persons
Meese, Alan J. - 2014
In Sebelius v. Hobby Lobby Stores,Inc. the Obama Administration contends that for-profit corporations are not “persons” under the Religious Freedom Restoration Act (“RFRA”) and thus cannot avail themselves of RFRA's protections. In a brief amicus curiae, 44 scholars of corporate and...
Persistent link: https://www.econbiz.de/10013053611
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Executive compensation, firm performance, and corporate governance in China : evidence from firms listed in the Shanghai and Shenzhen stock exchanges
Kato, Takao (contributor); Long, Cheryl (contributor) - 2005
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive compensation and ownership structure, we find for...
Persistent link: https://www.econbiz.de/10003225948
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Shareholder Primacy in Corporate Law : Can it Survive? Should it Survive?
Keay, Andrew R. - 2010
The dominant theory in Anglo-American jurisdictions as far as determining the objective of large public companies, has been, and still appears to be, the shareholder primacy theory. Nevertheless, it would seem that in the past 20 years the stakeholder theory has become increasingly popular in...
Persistent link: https://www.econbiz.de/10013150455
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Inefficient Tailoring : The Private Ordering Paradox in Corporate Law
Barzuza, Michal - 2018
The conventional wisdom in corporate law posits that private ordering has an important virtue: it allows firms to efficiently tailor governance terms to their particular needs. This virtue is routinely advanced to justify the largely “enabling” structure of U.S. corporate law, and to oppose...
Persistent link: https://www.econbiz.de/10012934497
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Public Beginnings, Private Ends - Should Corporate Law Privilege the Interests of Shareholders?
Hill, Jennifer G. - 2020
This paper questions the extent to which a model of the corporation based upon pre-eminence of shareholder interests is justified. First, it considers the extent to which such a model accurately reflects commercial reality, through an examination of some contemporary trends in corporate finance...
Persistent link: https://www.econbiz.de/10014027278
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Economic Analysis of Corporate Law
Gindis, David - 2020
The economic analysis of corporate law applies the concepts and tools of microeconomics to the study of the legal rules, regulations and practices that govern the formation and operation of business corporations, most notably as regards the rights and duties of directors, officers, shareholders,...
Persistent link: https://www.econbiz.de/10012836907