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Vol 22 No 3 March/April 2017

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Simon Mortimore
Price: £225.00

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Corporate Law and Economics

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ISBN13: 9780754620860
ISBN: 0754620867
Published: May 2002
Publisher: Ashgate Publishing Ltd
Format: Hardback
Price: Out of print

The essays in this collection critically examine the principal themes and issues shaping contemporary writing on corporate law, and the law and economics of the firm. These include: contractarian theory; the institutional shareholder movement; path-dependent institutional evolution; comparative corporate governance; and team production. In particular, the essays demonstrate how American corporate legal theory embraces and then abandons a market efficiency account of corporate governance, turning outwards and searching worldwide for more effective legal and organizational strategies.

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Part 1 Contractarian theory: the corporate contract, Frank H. Easterbrook and Daniel R. Fischel; the economic structure of the post-contractual corporation, William W. Bratton.
Part 2 Institutional shareholders: institutional investing - will it happen, will it work? Jill E. Fisch.
Part 3 Path dependencies: path dependence in corporate contracting - increasing returns, herd behaviour and cognitive biases, Marcel Kahan and Michael Klausner; chaos and evolution in law and economics, Mark J. Roe.
Part 4 Comparative corporate governance: some differences in corporate structure in Germany, Japan, and the United States, Mark J. Roe; America's shifting fascination with comparative corporate governance, Edward B. Rock; a survey of corporate governance, Andrei Shleifer and Robert W. Vishny.
Part 5 Team production: a contractarian defence of corporate philanthropy, Margaret M. Blair; trust and team production in post-capitalist society, Lawrence E. Mitchell.