The theoretical engagement with the law of Equity has never been so popular as nowadays. This immensely important body of law is now attracting the attention of private law theoreticians as questions that were first raised by Aristotle take a modern twist, and entrenched traditions are being...

This paper explores the necessary conditions for outside equity financing when insiders, that is managers or entrepreneurs, are self-interested and cash flows are not verifiable. Two control mechanisms are contrasted: a partnership,' in which outside investors can commit assets for a specified...

This Review discusses three developments in equity jurisprudence drawn from significant recent decisions of the Privy Council, the House of Lords, the High Court of Australia and Supreme Court of Canada. The developments are of importance and interest in New Zealand

Cover -- Title -- Copyright -- Contents -- Preface -- Prologue -- Part I Equity Capital Prior to Joint-Stock Companies -- 1 Etymology and Legal Concepts -- 2 Equity Shares in Antiquity -- 3 Societas, Usury and Risk -- Part II From Commenda to Joint-Stock Company -- 4 The Evolution of Accounting...

For equity, societies may wish to eliminate certain forms or manifestations of inequality. Horizontal equity and vertical equity in the income tax are topics which have interested me for some years. Although any shortfall from each of these objectives can be measured in terms of unwanted...

This paper explores the necessary conditions for outside equity financing when insiders, that is managers or entrepreneurs, are self-interested and cash flows are not verifiable. Two control mechanisms are contrasted: a partnership,' in which outside investors can commit assets for a specified...