Working Paper
Incomplete Organizations: Legal Entities and Asset Partitioning in Roman Commerce
In this chapter we analyze ancient Rome?s law of business entities from the perspective of asset partitioning, by which we mean the delimiting of...
Read more
The Corporate Pyramid Fable
In many parts of the world, it is commonplace for wealthy families and successful entrepreneurs to parlay a relatively small financial investment into...
Read more
The Ownership of Japanese Corporations in the 20th Century
Twentieth century Japan provides a remarkable laboratory for examining how an externally imposed institutional and regulatory intervention affects...
Read more
Shareholder Democracy Under Autocracy: Voting Rights and Corporate Performance in Imperial Russia
This paper investigates how the rules that corporations wrote for themselves related to their financing and performance in an environment...
Read more
Why Have M&A Contracts Grown? Evidence from Twenty Years of Deals
Over 20 years, M&A contracts have more than doubled in size ? from 35 to 88 single-spaced pages in this paper?s font. They have also grown...
Read more
The Evolution of Shareholder Voting Rights: Separation of Ownership and Consumption
The nineteenth century saw the standardization and rapid spread of the modern business corporation around the world. Yet those early corporations...
Read more
EU Company Law Harmonization Between Convergence and Varieties of Capitalism
This chapter sketches the history of EU Company Law, from its beginnings in the 1960s until today. Throughout all periods, EU company law harmonization...
Read more
The Rise of Corporate Governance in the U.K.: When and Why
While issues that prompt corporate governance responses are endemic to the corporate form, the term "corporate governance" only began to feature with...
Read more
The History of Corporate Governance
“Corporate governance” first came into vogue in the 1970s in the United States. Within 25 years corporate governance had become the subject of...
Read more