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The rise of the platform economy has been the subject of celebration and critique. Platform companies like Uber, Airbnb, and Postmates have been rightfully celebrated as positively disruptive, introducing much–needed competition in industries that have been otherwise over–mature and...
Persistent link: https://www.econbiz.de/10012931991
.” Weaving together theory, recent empirical findings, and illustrations, this Article provides an overview of why investors …
Persistent link: https://www.econbiz.de/10012932142
We develop a model of a firm in financial distress. Distress can be mitigated by filing for bankruptcy, which is costly, or preempted by restructuring, which is impeded by a collective action problem. We find that bankruptcy and restructuring are complements, not substitutes: Reducing bankruptcy...
Persistent link: https://www.econbiz.de/10012822577
understanding of “online contracting.” It becomes difficult to rely on such basic principles as the objective theory of contract or …
Persistent link: https://www.econbiz.de/10012825678
This chapter considers the landmark status of the House of Lords in Thorner v Major [2009] UKHL 18, understanding it as an example of story-telling in the law. The chapter explores the issues surrounding the equitable doctrine of proprietary estoppel, as it applies in particular in the context...
Persistent link: https://www.econbiz.de/10012826375
There is a heightened lack of clarity and understanding about the new U.S. business forms both in terms of theory and …
Persistent link: https://www.econbiz.de/10012826430
Persistent link: https://www.econbiz.de/10012826669
Common ownership exists when investors concurrently hold partial and significant shares in related firms. In this paper, I compile, document, and taxonomize 30 separate cases of intervention to demonstrate how common owners influence firm behavior. Although previous literature has identified a...
Persistent link: https://www.econbiz.de/10012827564
This paper will examine the ways in which parent companies within corporate groups can be held liable by means of common law doctrines and statutory principles. Where a subsidiary company within a corporate group becomes insolvent and is unable to pay its creditors in full, the principles of...
Persistent link: https://www.econbiz.de/10012828301
The need for a legal framework that explains a decentralized system is compulsory to understand whether regulation could be useful and effective. Previous academic frameworks did not manage to explain the intimate development and success of a decentralized cryptocurrency system interpreting the...
Persistent link: https://www.econbiz.de/10012828938