Description
Book SynopsisThis 11th volume in the highly acclaimed
Encyclopedia of Law and Economics provides a sophisticated summary of law and economics approaches to the most important topics in contemporary corporate law.
The work is divided into three thematic parts, namely; corporate governance, securities regulation, and the law and economics of debt financing. The Encyclopedia reviews leading empirical research and provides theoretical methods for a nuanced understanding of the field, including such specific issues as the characteristics of corporations, the role of passive index funds in corporate governance, the board of directors’ actions, and core principles such as the business judgement rule.
Presenting a synopsis of both the classic and emerging literature across several corporate law sectors, each chapter also offers a detailed bibliography and operates as a springboard and touchstone for further research.
Corporate Law and Economics will be an indispensable resource for scholars and students of corporate law as well as for economics, accountancy and management scholars working in the fields of corporate governance and industrial organisation.
Key Features:
- Includes new theoretical tools for thinking about the changing roles of key actors, such as business directors
- Addresses contemporary topics such as the economics of insider trading to illustrate a complete picture of modern economics
- Expert contributions and comprehensive literature reviews that will benefit scholars from a variety of law and non-law disciplines such as economics and accounting
Trade Review‘This volume offers meticulously researched and highly accessible accounts of key areas of corporate law, analyzed through an economic lens. Written by leading scholars, each chapter compellingly illustrates the value of economic analysis in assessing law and policy. It serves as an essential reference for anyone seeking a deeper understanding of fundamental doctrines and questions in corporate governance, securities regulation, and law and finance.’ -- Andrew Tuch, Washington University in St. Louis, US
Table of ContentsContents: 1 Introduction to Corporate Law and Economics 1 Adam B. Badawi PART I CORPORATE GOVERNANCE AND THE LEGAL STRUCTURE OF THE FIRM 2 The theory of business organizations 8 Giuseppe Dari-Mattiacci 3 The monitoring board revisited 35 Zenichi Shishido 4 Passive investing and corporate governance: A law and economics analysis 58 Dorothy S. Lund 5 Corporate expression 79 Vincent J. Buccola 6 The business judgment rule 97 Adam B. Badawi PART II THE LAW AND ECONOMICS OF SECURITIES REGULATION 7 The law and economics of insider trading 2.0 126 Stephen M. Bainbridge 8 What is the purpose of securities regulation? 152 David H Webber and Connor S Flaherty PART III CORPORATE DEBT 9 The use of debt in corporate finance 177 Elisabeth de Fontenay 10 Deconstructing the senior creditor 205 Anthony J Casey and Andrew Verstein Index
