precisely the ones that do not volunteer to implement them. In theory, the conventional approach assumes that these firms will …

problematic. In economic theory, efficiency is spelled out in terms of individual preference satisfaction, which is an inadequate …

justification of corporate liability. Traditionally, corporate theory revolved around the dichotomy between the fictional or real … corporate liability for torts and criminal offences. More recent approaches such as the nexus of contracts theory …

theories about the corporation. This will result in greater pluralism, since no essentialist legal theory would become heavily … to the status of being “undiscussable preferences” and no essentialist theory is off the table before the debate begins …

principal-cost theory, which posits that each firm's optimal governance structure minimizes the sum of principal costs, produced …. The empirical predictions produced by principal-cost theory are more accurate than those produced by any theory focused … solely on agency costs. Principal-cost theory also suggests different policy prescriptions. Rather than banning some …